article thumbnail

Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

tillful

Unfortunately, derogatory marks cause your credit scores to drop and alert future creditors that you present a higher credit risk. Along with credit account information, credit reports typically include public records — records of incidents or actions recorded with a government agency.

article thumbnail

The Implications Of Company Structure On Debt Collection

JSP Credit Management

This model is the dominant model in the legal sector for example where law firms will nearly always adopt an LLP company structure. This has implications for debt collectors dealing with limited companies who are pursuing recovery of a debt that they feel is affordable despite being told by the debtor that it is not.