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Collecting Debts
Sometimes when credit is extended, payments are not always made in accordance with the terms and conditions of the original agreement. Collecting debts can be an unfortunate byproduct of being in business and extending credit.
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Securing Debt Payment |
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This document provides instruction for businesses in the state of Washington on how to collect and secure debt payments. |
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Truth-in-Lending Act |
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The Truth-in-Lending Act regulates the amount of interest that can be charged on overdue payments. |
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Your Customer's Bankrupcy |
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The debtor has the benefit of an automatic stay immediately upon filing a bankruptcy petition. That stops you from taking any further action to try to collect the debt unless or until the bankruptcy court decides to the contrary. |
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