http://woodmont.insidearm.com/fusetalk/forum/index.cfm?forumid=1 FuseTalk Basic Edition http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=18&threadid=6955 2007-10-26T10:50:42 -05.00 Napier 1
My collection system that I have has collection front office but we would rather track this in accounting software as well. I did not expect business to pick up this quickly.

Can someone here again give pointers from point A to point B in the accounting side of collections? We have been using front office that came with our collection software and spread sheets, but this is now to time consuming.

Thanks
SN

please email me onsite@ocbmail.com ]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=18&threadid=6941 2007-10-22T09:23:48 -05.00 INFUEGO25 5 http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=18&threadid=6886 2007-09-19T10:55:43 -05.00 charliebaltimore 8 http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=18&threadid=6873 2007-09-14T08:41:45 -05.00 The Matrix 10

PREMISE #1: ABC COMPANY operates in the State of New York. Because Mr. ABC (The Registered Agent) of ABC COMPANY has become so much of a success in his business, other individuals wish to borrow his good name and profit from the use of the name: “ABC COMPANY"

PREMISE #2: Comes along, Mr. XYZ a merchant who tells Mr. ABC he wishes to use the good name ABC COMPANY. Mr. XYZ agrees to pay Mr. ABC a “franchise” fee on the use of ABC COMPANY'S name. Mr XYZ does so and is now allowed to use the name ABC COMPANY.

PREMISE #3: Mr ABC operates at a different location than Mr. XYZ, but they are still within the same state.

PREMISE #4: Suddenly, months later, Mr. XYZ runs into debt. Next, Mr. XYZ shuts down his business called "ABC COMPANY". However, Mr. ABC's ABC COMPANY is still functioning!

_________________________________

THE QUESTION IN THIS CASE: Can ABC COMPANY with Mr. ABC, be liable to pay Mr. XYZ's ABC COMPANY debt?




]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=18&threadid=6842 2007-08-23T10:18:00 -05.00 Pymatuning1 2 First, I want to start out by saying I am a mortgage broker with Premier Mortgage Funding. I do primarily residential but 1-2 commercial deals a month. Of those commercial deals, they are either purchases or business lines of credit up to $75k. My question is this: When collecting on past due debts from these businesses, do any of you ask if they have tried to refinance their business to pay you off? I know it seems like a simple question, but I am looking to balance my office out by moving more towards commercial refinance and less on the residential side. Thanks for any response.

Py1 ]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=18&threadid=6831 2007-08-16T08:33:38 -05.00 cashe 11
The collectibility of this debt is questionable. Not sure if the debtor's company is solvent any longer or if they have assets to attach.

I would rather do a contingency split - say 50/50 - pay the out-of-pocket expenses and in the event that we determine early on that there are no assets then abandon the collection.

I need the opinion of people who do commercial collections. I normally do consumer debt.

Thanks ]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=18&threadid=6787 2007-07-23T07:13:31 -05.00 RSN! 6
What companies out there specialize in locating assets? ]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=18&threadid=6719 2007-06-19T11:19:06 -05.00 MJM 1
I've collected for some of the top named creditors in the nation.

largest collection: $585,000.00 (1 check). (I'm not in the Million Dollar Club, yet!)

I've elected to scale back my operation, and literally work from home. I've used just about every skiptracing program out there, and just about every collection program.

I've decided to work from home since #1) I have the room #2) I don't have the overhead #3) I get up early! #4) I have the system, printers & fax machines.

If anyone is interested in talking about the possiblity of working together, please let me know and I'll be happy to discuss options.

Sincerely,

Matthew Medlin
805-795-0967
]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=18&threadid=6718 2007-06-19T10:56:03 -05.00 Collectiondiva 8 I have a question. We have commercial accounts that we sometimes have to decline for credit, however we offer an option of the president signing a personal guarantee in which we then make our credit decision based on thier personal credit and their personal assets.

The FDCPA's definitions of "consumers" and "debt" specifically restricts the coverage of the act to personal and non-commercial transactions.

With that being said, does the use of the personal guarantee blur the lines to the point that I now need to follow FDCPA on these accounts as a consumer debt? Im assuming it is no longer considered commercial. Maybe yes, maybe no.

]]> http://woodmont.insidearm.com/fusetalk/forum/messageview.cfm?catid=18&threadid=6709 2007-06-18T09:33:51 -05.00 charliebaltimore 1 ]]>