Retail installment sales agreements allow a customer to pay over time for a purchase. If you wish to use this type of agreement in your business, it is essential to ensure that your contract contains the correct information. The Ohio Attorney General explains your...
Month: May 2021
How to reduce risk when you extend credit to your customers
Whether or not to extend credit is an important decision for your business. It can help you attract new sales and build loyalty with your long-term customers. However, credit comes with the risk of late or unpaid debt which can significantly impact your business’s...
Finding a debtor’s location
If you are attempting to collect a debt, it is pivotal to understand your rights and your responsibilities. Sometimes, people fail to approach debt collection from the right angle, which can lead to serious penalties. There are different issues to consider if you are...
How can you avoid harassment when collecting unpaid dues?
It is within your rights to contact customers who have neglected their payments. However, your methods must take an ethical approach and comply with federal standards. Using harassment to coerce your customers to pay their dues can have costly legal consequences. In...