Home
>
Small Business
>
Small Business Debt Collection Laws

Small Business Debt Collection Laws

In your small business debt collection laws will eventually become important, as your debt grows and some clients do not pay. To collect small business debts legally, you must send a written notice that collections have begun, within five days of first contacting the debtor for collections. The letter must include dispute instructions.

Small Business Debt Collection Laws Forbidden Practices

- Collect any amount beyond the actual debt, unless you really can do so legally.

- Continue collections on a debt if the debtor has disputed the debt, unless you provide the debtor with written proof.

- Continue contacting the debtor if within 30 days of first contact, the debtor disputes the debt.

- Credit a payment the debtor has made to a non-disputed debt to a debt the debtor has disputed.

- Deposit a post-dated check before the post-date.

- Small Business Debt Collections Laws: What You Can't Say

- Give a false name.

- You are an attorney or government representative, if you are not.

- You have an attorney working for you or that you are going to assign the case to an attorney, if you really do not.

- The debtor has committed a crime, unless you are 100% sure they have.

- You work for a credit bureau, if you really do not.

- The debt is more or less money than it actually is.

- You are sending or have sent legal forms when you really did not.

- You are sending or have sent papers that are not legal forms, if they really are legal forms.

- The debtor will be arrested--no one is arrested for nonpayment of debts anymore.

You will seize, garnish, attach, or sell the debtor's property or wages, if you do not really intend to or cannot legally do so (and unless the debt is secured with collateral, you probably cannot).

You will sue or take other legal action, if you do not really intend to, or are not legally able to do so.

Small Business Debt Collection Laws Forbidden Third-Party Disclosures

Never:

- Give any credit-related information that is not 100% accurate. Tell anyone other than the debtor that you are collecting a debt.

- Telephone any number other than debtor's more than once.

Small Business Debt Collection Phone Calls

Never:

- Call after 9 pm or before 8 am.

- Forget to give your name and your company's name.

- Call repeatedly or in a way intended to annoy.

- Make a collect call.

- Make any threats.

- Use profane or obscene language.

- Leave a message that reveals this is a debt collection.

Small Business Debt Collection Mailing

Never send:

- Postcards.

- Envelopes or mailings with any reference to debt collection on the exterior.

- Anything that looks like an official, legal, or government document, if it is not.

These simple small business debt collection laws guidelines should help stay with the collection laws.

If you want to learn collection laws, then visit collection laws for the latest information on debt collection laws and collection agency regulation.

Woodstock Chicago limo .. Lockport Chicago limo O’Hare

In The News:

Security researchers have found a fake app pretending to be a version of the messaging app Telegram, and hackers are using the app to spread malware.

Meta recently announced it will cease working with third-party fact-checking organizations to flag misleading posts on Instagram, Facebook and Threads.

Scientists have developed a floating solar still device that is capable of harnessing the sun's energy to purify seawater and withstanding harsh maritime conditions.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Tech expert Kurt “CyberGuy" Knutsson says business email compromise scams are a serious threat, as shown by Teresa W.'s near loss of thousands of dollars.

Big tech coming in 2025 includes solar umbrellas, AI TVs, smart earbuds and crazy robots. Tech expert Kurt “CyberGuy" Knutsson gives his take on the wonders revealed at CES 2025.

Tech expert Kurt “CyberGuy" Knutsson provides two methods to restore your contacts for iPhone and Android devices.

FBI warns that criminals are using generative AI to exploit individuals with deceptive tactics. Kurt “CyberGuy" Knutsson explains their tactics and how to protect yourself from them.

Tech expert Kurt “CyberGuy" Knutsson says hackers are embedding dangerous code in Chrome extensions to steal your data.

Google Maps Location Sharing is now built into Android settings; no need for Maps settings. Tech expert Kurt “CyberGuy" Knutsson discusses the welcome improvement for Android users.

Not all apps out there offer legit virtual private networks, according to Kurt the CyberGuy. He explains how to keep your information safe.

Apple's Image Playground transforms text prompts into images or animations in seconds, brining a world of creativity to the palm of your hand.

NASA's Ingenuity helicopter, which flew on Mars in April 2021, became the first aircraft to achieve powered, controlled flight on a planet other than Earth.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Thieves who have iPhones can usually detect a hidden AirTag in vehicles they are attempting to steal, and an RFID wallet may not help you.

Genmoji, the latest addition to Apple's Apple Intelligence suite, uses artificial intelligence to generate customized emoji based on text descriptions.

It's easy to find yourself swamped in unread emails. Here are a few simple steps to archiving them and clearing out some of your digital clutter.

Keep your retirement plan safe from data brokers selling your personal information. Kurt the CyberGuy explains how to protect yourself and your retirement.

Turo faces scrutiny after tragic incidents involving rented vehicles, raising questions about security measures and regulatory frameworks.

A Chinese company has developed a spherical, 276-pound law enforcement robot that has been chasing down criminals at impressive speeds.

Here are some powerful online sleuthing tricks you can use to check the credibility of a website, see old pictures of places you've lived and even learn more about your neighbors.

Beware scam calls: Avoid unknown numbers and protect your personal information. Tech expert Kurt “CyberGuy" Knutsson talks about the increasingly common scam.

Tech expert Kurt “CyberGuy" Knutsson helps you crush your New Year's goals with these 12 apps to help you stay on track and succeed.

There are many untapped safeguards and tips you can learn to take your Wi-Fi knowledge to the next level, technology expert Kim Komando shares her tricks.

VPNs ensure privacy; antivirus stops malware. Tech expert Kurt “CyberGuy" Knutsson says both are essential for online security.