Monthly Archives: March 2010

When can I put something on someone’s credit report?

Dear Michelle, When sending collection letters is not enough, can we report each debt to the credit bureau? Do we have to wait 120 days? What can a collector expect once this action is taken? Thank you, Marilyn Dear Marilyn, … Continue reading

Posted in Ask Michelle, Business Credit, Checking credit, Credit Reporting, Credit reports, Economic Crisis, Recession | Tagged , , , | 10 Comments

Charging Interest on Collection Accounts

Michelle, My company is sending a few of our non-responsive customers to our external collection agency.  The owner of my company wants me to calculate and add on interest charges to these accounts before we send them off. My question … Continue reading

Posted in Ask Michelle, Compliance, Education, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Honesty & Integrity | Tagged , | Leave a comment

Buying Debt

I recently ran across a LinkedIn group called the Loan Buyers Group: National Debt Buyers.   I wanted to share it here because I get so many questions about buying debt and everything that goes along with it. This group was … Continue reading

Posted in linkedin, Networking, Purchasing Debt | Tagged | Leave a comment