Archive for May, 2010

10 Tips to Protect Your Nest Egg

Posted on May 26, 2010 by Saldutti

Older investors are among the top targets for con artists. The files of state securities agencies are filled with tragic examples of senior investors who have been cheated out of savings, windfall insurance payments, and even the equity in their own homes.  Avoid becoming a victim by following 10 self-defense tips developed for seniors by the North American Securities Administrators Association, Inc. (NASAA). 1. Don’t be a courtesy victim – Con artists will not hesitate to exploit your good manners. Save your pleasantries for friends and family members, not strangers looking for a quick buck! 2. Check out strangers touting…

Scam Artists Target People Trying to Repair Their Nest Eggs

Posted on May 18, 2010 by Saldutti

According to a recent Wall Street Journal article, the number of Baby Boomers becoming targets of investment schemes, is greatly on the rise.  Here are the facts:  Many investors in their 50s and 60s are desperate to bulk up their nest eggs. But they remain skittish about the stock market—and are frustrated with low interest rates.  It’s a combination that makes them especially susceptible to fraud. “Anybody who’s even thinking about retiring is panicking because they’re going to outlive their savings,” says Joseph Borg, Alabama’s top securities regulator. “Along comes a scam artist with a guaranteed, super-safe deal. It’s a perfect storm.” State…

Collections Law Firm vs. Collection Agency: Which is the Right Choice for Your Business?

Posted on May 11, 2010 by Saldutti

If your business is owed money and all initial attempts have failed, it might be time to hire a debt recovery professional.  Rather than utilize your own company’s valuable time, resources and manpower, a debt collection company is experienced in tracking down debt that is rightfully owed to your business.  But what type company should you hire – a collection agency or a legal collection firm?  Just as every business is different, so are debt recovery specialists. While both collection agencies and law firms will work with a company to collect debt in a manner that is acceptable to both…

The Power of a Good Collection Letter

Posted on May 04, 2010 by Saldutti

There’s no two ways about it – collecting money is not fun.  However a recent OPEN Small Business Network poll from American Express indicates that accounts receivables is the top cash flow concern of small business owners. One of the primary tools used to retrieve payment is the collection letter.  This letter is much more than a single piece of paper and some words – this document is a direct reflection of your company.  The letter should be friendly yet professional, flexible yet firm, personal yet prompt in order to achieve the desired outcome – fast and effective recovery of…