Be Nice To Your Lawyer! Pt. 3

Additionally, when you think about the risk factors for suicide, like depression, anxiety, stress, divorce, alcohol and substance abuse, attorneys experience many of these at rates that are higher than the general population consistently. Why do lawyers seem more likely to deal with emotional problems than anyone else? From an anecdotal perspective, lawyers are more likely to suffer from perfectionism and competitiveness. While these traits might drive these people to do their best to excel in life, they also have a down side. An unachievable high coupled with a temperament that is less likely to seek help is a recipe for disaster.

Bleak News About Foreclosure Rates Revealed By Recent Report

Recent research by RealtyTrac Year-End 2009 Foreclosure Market Report reveals that 3,957,643 foreclosure filings were reported on 2,824,674 U.S. properties in 2009. This includes scheduled foreclosure auctions, default notices and bank repossessions.

Irish Gang Starts “Bill Collection Agency”

And you thought your collection agency was bad. It has been revealed in recent news that an Irish gangland boss has found a new calling- debt collection. This criminal progidy has been associated with twelve deaths; a threat even more looming than a collections letter.

The Lowdown On Debt Collectors

Bill collectors, or debt and account collectors’ purpose is to attempt to collect payment on delinquent bills. Most bill collectors are employed by third party collection agencies. The creditor, or the company or business that is owed the debt, will often hire outside of the company; especially if their accounts receivable department is small.

Bankruptcy- The Pros And Cons

Bankruptcy may be seen as a quick fix solution to financial problems. However, the effects of bankruptcy are long term and can impair your ability to obtain a job, house, and any type of credit. It is important to weigh the pros and the cons of bankruptcy before making a major decision.

Collections Industry To Undergo Transformation

The collections industry has grown insanely in the last couple of years. The reason for this is that collections and recoveries are for the most part outsourced business functions. It would not be possible for a creditor to handle retrieving debt from all of their accounts, so the creditors call the collections agencies.

Cash4Gold Scam

We have all seen them – the showy “Cash4Gold” commercials, some of these show people on the street dancing, or at other times, M.C. Hammer alleging that you will get quick cash in exchange for your old, unused jewelry. Although human nature makes us want to unconditionally trust the dancing person or even with his track record, M.C. Hammer, it turns out that Cash4Gold may not in fact be too legit to quit.

Scranton Taxpayers May Have Received Collection Letters That They Might Not Have Deserved

More than 200 Scranton taxpayers might have been mailed a letter from a collection agency they didn’t deserve. The notices are for unpaid garbage fines that might have actually been paid. According to officials, the garbage bill itself for 2009 could be to blame for more than 200 collection notices that were sent to city taxpayers in error last week.

First Party Collections Information Important To Your Business\’ Cash Flow

Any business owner or manager who has ever made a collections call has done first party collections, whether they realize it or not. First party collections means collecting on your own accounts, so any request for payment by phone, letter or in person qualifies as first party collections.

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