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Small Business Debt Collection

Discussion in 'General Business' started by ViciousSummer, Sep 12, 2004.

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  1. #1
    I have 2 customers that have bounced checks to me and I was wondering how I would go about reporting them to the credit agencies (equifax, etc.). I've followed all the California laws in regards to sending out letters and trying to get them to pay, but it's obvious that they have no intention of making good on their debt. Does any one have any experiance in this sort of thing?
     
    ViciousSummer, Sep 12, 2004 IP
  2. joeychgo

    joeychgo Notable Member

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    #2
    yeah, its a waste of time.
     
    joeychgo, Sep 12, 2004 IP
  3. ViciousSummer

    ViciousSummer Ayn Rand for President! Staff

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    #3
    Haha...I know that trying to collect the debt is a waste of time, but I'm not about to let someone walk all over me like that, which is why I want to know how to put a blemish on their credit and be done with it. ;)
     
    ViciousSummer, Sep 12, 2004 IP
  4. joeychgo

    joeychgo Notable Member

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    #4
    what for? nobody checks a small business' credit
     
    joeychgo, Sep 12, 2004 IP
  5. joeychgo

    joeychgo Notable Member

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    #5
    get a judgement from a court- that'll appear on all credit reports
     
    joeychgo, Sep 12, 2004 IP
  6. digitalpoint

    digitalpoint Overlord of no one Staff

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    #6
    Setup a website that ranks #1 for their name. ;)
     
    digitalpoint, Sep 12, 2004 IP
  7. joeychgo

    joeychgo Notable Member

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    #7
    Rofl!!!!!!!!!!!!!!!!!!!!!!!!!!
     
    joeychgo, Sep 12, 2004 IP
  8. ViciousSummer

    ViciousSummer Ayn Rand for President! Staff

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    #8
    I'm not talking about debts from small businesses...I'm the small business trying to collect from consumers.
     
    ViciousSummer, Sep 12, 2004 IP
  9. ViciousSummer

    ViciousSummer Ayn Rand for President! Staff

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    #9
    ViciousSummer, Sep 12, 2004 IP
  10. joeychgo

    joeychgo Notable Member

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    #10
    smae answer - sue them -- judgements appear on credit reports
     
    joeychgo, Sep 12, 2004 IP
  11. ViciousSummer

    ViciousSummer Ayn Rand for President! Staff

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    #11
    The additional cost wouldn't be worth it and one of my customers is out of state. I know there is a way to report unpaid debt to credit reporting agencies without sueing. Any one know how?
     
    ViciousSummer, Sep 12, 2004 IP
  12. NewComputer

    NewComputer Well-Known Member

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    #12
    This prolly won't help you VS, but up here north of the border we go to small claims court. They have to miss a day of work and you represent yourself and then you get your money. I am unfamiliar with US law, but that is how we would do it. Do you have small claims down there? If they don't show up here, the court pull the money from their account. Be thankful it is only $50.


    No more CHECKS.....
     
    NewComputer, Sep 12, 2004 IP
  13. schlottke

    schlottke Peon

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    #13
    I agree with NC- I wouldnt accept checks either (or wait until they clear before sending- especially on RUSH DELIVERY orders..)

    We do have small claims- problem is- its nearly impossible to make someone pay.
     
    schlottke, Sep 12, 2004 IP
  14. jarvi

    jarvi Well-Known Member

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    #14
    All right it has to be said. A few of us know a law firm called Winn and something that appears 'good' at recovering money. Sorry, Summer I couldn't resist and my knowledge of Australian law probably won't help you either.
     
    jarvi, Sep 13, 2004 IP
  15. ViciousSummer

    ViciousSummer Ayn Rand for President! Staff

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    #15
    I want to avoid going to court, since that will cost too much in time and money. Plus trying to serve someone out of state can't be fun. So, this is what I've found: https://www.directdebtcollections.com/

    This company only charges $6.95 per debt and they send out all the letters and will report them to 3 major credit reporting agencies, if they don't pay.

    I havn't signed up yet, but I'll let you all know how it goes... :D
     
    ViciousSummer, Sep 15, 2004 IP
  16. discountdomains

    discountdomains Peon

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    #16
    Can't you wait for the payments to clear before you despatch goods?

    In the UK 3 days after paying money in it can't be cancelled?

    Clare
     
    discountdomains, Oct 2, 2004 IP
  17. reli4nt

    reli4nt Peon

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    #17
    hassle though it may be, its always good to sue them. Even if you lose the case it will help you learn how to handle business in a manner that assures your victory in court. I know too many scummy losers who rip people off routinely and only pay when they are sued and then only because the judges and arbitrators know them by name already.

    Never let the bastards get away with anything, at the very least cost them as much as they owe you.
     
    reli4nt, Oct 5, 2004 IP