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With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority. In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitude and aptitude to truly assist our clients. Ontrack Financial Group llc is that company! With our proven credit arbitration solution, you can become Charged Off Debt free within three years or less. Our clients have eliminated their Charged Off Debts with our service and avoided communication with collection agencies and law offices in the process. Since the inception of Ontrack Financial Group™, we have continued assisting our nation-wide clientele with their burdensome unsecured debt and has enrolled thousands clients in its programs, managing millions of debt for its clients without one complaint. Ontrack Financial Group™ is a for-profit, private company and is not affiliated with the credit bureaus or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer.

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Collections Law - Collection time period

Expert: Ontrack Financial Group llc - 10/23/2009

Question
Is there a time frame to follow when sending out collection letters? I usually do 3 letters a month apart, but I have a client that I would like to move faster on if I can. I sent him his first letter on 10/8/09 stating that he had until 10/23/09 to get his payment into us or we would "have to consider a collection agency". Would it be ok to send him another letter this afternoon if I don't get a payment in the mail this morning? Thanks for your help. Mary

Answer
Dear Mary,

Thank you for your question.

Generally the length between dunning notices is 30 days. You can fast track and remit the client to collections right away. However sending a client to a debt collector may have it's drawbacks.

What if I told you there is a better easier way, that would cost your company nothing, help you retain your clients and get paid at the same time.

If you would like more information please email me

Warmest Regards,

Mike.Moore@ONTFG.com

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