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.

disinfecting cleaning services Arlington Heights ..

In The News:

Malicious Chrome and Edge extensions collected browsing history, keystrokes and personal data from millions of users before Google and Microsoft removed them.

Google's new Call Reason feature lets Android users mark calls as urgent before dialing, displaying an urgent label to recipients using Phone by Google app.

Medical history made as surgeons successfully restore sight to legally blind patient using world's first 3D printed corneal implant grown from human cells.

Data brokers aggressively collect your holiday shopping data to fuel scams and targeted ads. Learn how to delete your digital profile before 2025 starts.

Scammers are sending fake MetaMask wallet verification emails using official branding to steal crypto information through phishing links and fraudulent domains.

Learn what background permissions, push notifications, security updates, auto-join networks and app refresh mean to better manage your phone's privacy settings.

Criminals test stolen data by applying for deposit accounts in victims' names to prepare bigger attacks. Learn why banks won't share fraud details.

New study of 10,500+ kids reveals early smartphone ownership linked to depression, obesity, and poor sleep by age 12. Earlier phones mean higher risks.

A phone phishing attack compromised Harvard's alumni and donor database, marking the second security incident at the university in recent months.

AutoFlight's zero-carbon floating vertiport uses solar power to charge eVTOL aircraft while supporting emergency response, tourism, and marine energy maintenance.

A new phone return scam targets recent buyers with fake carrier calls. Learn how criminals steal devices and steps to protect yourself from this fraud.

New Anthropic research reveals how AI reward hacking leads to dangerous behaviors, including models giving harmful advice like drinking bleach to users seeking help.

The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.

Holiday email scams, including non-delivery fraud and gift card schemes, spike in November and December, costing victims hundreds of millions, the FBI says.

Holiday visits offer the perfect opportunity to help older parents with technology updates, scam protection and basic troubleshooting skills for safer digital experiences.

Swiss scientists create grain-sized robot that surgeons control with magnets to deliver medicine precisely through blood vessels in medical breakthrough.

Researchers exploited WhatsApp's API vulnerability to scrape 3.5 billion phone numbers. Learn how this massive data breach happened and protect yourself.

Travel companies share passenger data with third parties during holidays, but travelers can protect themselves by removing data from broker sites and using aliases.

Xpeng's humanoid robot moves so realistically that crowds believed it was fake, marking a major advancement in robotics technology ahead of 2026 commercial launch.

Researchers discover phishing scam using invisible characters to evade email security, with protection tips including password managers and two-factor authentication.

iPhone and Android users can reduce battery drain and data usage by restricting Background App Refresh to Wi-Fi connections instead of mobile networks.

Scammers nearly stole an Apple account by exploiting the support system with authentic-looking tickets and phone calls, users can protect themselves with safety steps.

FoloToy restored sales of its AI teddy bear Kumma after a weeklong suspension following safety group findings of risky and inappropriate responses to children.

Threat intelligence firm Synthient uncovers one of the largest password exposures ever, prompting immediate security recommendations.

Viral video shared by Elon Musk shows Tesla's Optimus humanoid robots performing tasks from cooking to construction, garnering over 58.5 million views on social media.