Fair Debt Collection Practices Act
The Fair Debt Collection Practices Act was enacted to eliminate abusive debt collection practices by debt collectors, to insure that those debt collectors who refrain from using abusive debt collection practices are not competitively disadvantaged, and to promote consistent State action to protect consumers against debt collection abuses.
Anyone who has operated a small business for any length of time has had the problem of collecting on bad debts at least once.
Attorney Shane Jimson at the Virginia Law Blog has a great post on How to Minimize your Uncollected Bills.
One preventative tip that Shane shares is to ensure bills are sent out on the 25th of the month. Why? You want to ensure that your bill arrives in time to be paid on the first of the month.
Shane also offers sample text to be included on all work orders, invoices and/or contracts.
Thanks for the link! How in the world did you find me?
Comment by Shane Jimison — February 20, 2005 @ 2:58 pm