Category: Collections

COVID-19 Homeowners Assistance Fund and the Impact on Florida Loan Servicers

COVID-19 Homeowners Assistance Fund and the Impact on Florida Loan Servicers

As a response to the COVID-19 pandemic, Congress passed the American Rescue Plan Act of 2021, commonly referred to as the COVID-19 Stimulus Package. Within this bill is the Homeowners Assistance Fund (HAF), a program to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities and displacement of homeowners experiencing financial hardship as a result […]
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Collection Law Firm vs. Debt Collection Agency

Debt Collection Law Firm vs. Debt Collection Agency

Deciding to hire a Debt Collection Law Firm vs Debt Collection Agency might seem similar in concept, but understanding the limitations of a debt collection agency is important. Both debt collection law firms and debt collections agencies are regulated by the Fair Debt Collection Practices Act; however, the abilities on how to collect the debt can be […]
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signs you need a florida collections attorney

5 Signs You Need a Florida Collections Attorney

Unless you have all your clients pay their balance in full at the time of service, you’re likely to end up having far too many outstanding debts. You may then have to decide if you want to form your own collection department — and carefully navigate debt collection laws — or hire a potentially costly […]
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why hire commercial collections attorney

Why Hire a Commercial Collections Attorney?

When your clients leave outstanding balances on the books, your monthly business revenues take an immediate dive. Worse yet, the longer the debts remain unpaid, the less likely your customers are to issue payment on their own. Thankfully, you can collect the money owed to you by hiring a commercial collections attorney. Here’s how they […]
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commercial collections in 2021

Commercial Collections in 2021: What You Should Know

For the past five years, the Consumer Financial Protection Bureau has worked diligently on developing new debt collection rules that align with modern times. Their efforts are finally set to pan out with the new federal regulations going into effect on November 30th, 2021. By that time, your debt collection efforts must align with the […]
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