That depends. What's your involvement with the business and why?
Experience: I own a collection agency.
To find a debt management agency, begin by searching local business directories. Be sure to check that the agency holds a valid license before signing an agreement with them.
One can find information on business debt collection in online articles and guides on business debt collection. In addition, one can find more information on business debt collection through one's peers.
The government website for the Financial Consumer Agency of Canada has a lot of information posted about debt recovery agencies. If you are looking for information about a specific debt recovery agency then their official website is a good place to start.
Debt Assist is where one can find business debt counselling. Do you dread the phone ringing and hate opening mail? Solve your debt problem with Debt Assist and enjoy a brighter future and better night's sleep.
A debt collection verification letter is a document that requests proof of a debt from a collection agency. It should include your name, address, and the debt amount you are questioning. You can find templates online or request one from the collection agency.
A business debt counseling center will have credit counselors that specialize in helping small businesses get out of debt and to optimize their profits.
Once a debt has been sold to a collection agency, that agency owns the debt. Now it would be between you and the collection agency to settle the debt; the creditor has washed his hands of the matter. If you think the debt collection agency isn't working within its legal limits and is harrassing you, check out the Fair Debt Collection Act, which outlines was a collection agency can and cannot do.
You must find a collection agency you wish to do business with and arrange to either sell them the debt for a fraction of what is owed or pay them to collect on your behalf. This is a very complicated process and is generally only done if you have many accounts to put through their agency.
Yes, it is possible to find someone to help with taxes for your debt management agency. A certified CPA would be very knowledgeable and would be able to assist you in whatever tax questions you had.
One can find credit card debt advice from a variety of different locations. You can try a debt counselling agency, blogs on cutting down on debt, debt forums and you can even ask your credit card for help too.
When a consumer receives a notice from a collection agency requesting payment of a debt, the consumer should always present to the agency a written request for confirmation of the debt owed.
There are a variety of places that one can find financial help for business debt in Toronto. For a Canadian, In Charge Debt Solutions offers a way to seek relief for dealing with debt. National Debt Relief Services Inc is also located in Toronto to provide financial help for business debt.