I work in collections for Dun & Bradstreet so I may be able to help. Call and ask to speak with the President or CEO to see if he is aware of the situation. Shit rolls downhill so start at the top. If he doesn't want to talk he'll tell you WHO to talk to. They will be obligated to give you an answer if the CEO told you to talk to them. Be firm but open to suggestions. Suggest they make a good faith payment or payment arrangement. If they will not accept your calls or talk to you take the next step. Things to consider are what state is it in, how much and how old?
What State - each state has been changing laws recently and many of them protect the debtor more than you.
How much - if it's under $5K lots of co. will play games because they know you won't take it to court because an attorney will cost more that the claim.
How old - every month you wait to get your money decreases your chances of getting paid. If it's over a year old, your chance of getting paid is less than 30%.
What to do - Write a final letter detailing what the company owes you. Add any finance charges or late fees for every month overdue. (should not exceed 1.5%/month and can ONLY be charged on the principle) Have the letter delivered CERTIFIED MAIL - RETURN RECEIPT.
In the letter set an exact deadline for them to pay and tell them if you do not get paid in full or a payment arrangement made you will take further action. And they will be responsible for ANY and ALL charges incurred in the collection of the past due account.
If they don't pay - PM me and I'll run a scan on them for you to see if I can get some inside info. After that you can place them for collections with me, if you want, on a contingent basis. Any fees will be based on what we collect for you.
Hope that helps.
Last edited by RONIN; December 10th, 2003 at 11:20 PM.
To be nobody-but-yourself -- in a world which is doing its best, night and day, to make you everybody else -- means to fight the hardest battle which any human being can fight; and never stop fighting.