Are you frustrated with consumers who fail to pay their
bills on time?
Does your business run a credit report on a consumer before
a purchase is final?
Do you need a solution to your customers failing to pay on
time?
Muller Law Firm is a commercial collections firm in
Michigan. We protect the rights of creditors in many different types of
industries including manufacturing, financial services, insurance, advertising,
information technology, communications, and more. Our commercial collections attorneys have handled cases involving
delinquent accounts of all types, breach of contract, damage claims, accounts
receivable collections for all industries, including deficiency balances,
checks, liens and property damage.
If you have a client that falls into any of the above
categories that we file claims on, you may be wondering if we can run your debtor’s
credit report. According
to the Fair Credit Reporting Act, creditors’ are allowed to pull a consumers
credit report for any of the following reasons stated in 15 USC
§ 1681 et seq:
(a)
In general, any consumer reporting
agency may furnish a consumer report under the following circumstances and no
other:
(1) In response to the order of a court having jurisdiction
to issue such an order, or a subpoena issued in connection with proceedings
before a Federal grand jury.
(2) In accordance with the written instructions of the
consumer to whom it relates.
(3)To
a person which it has reason to believe
(A) intends to use the information in connection with a
credit transaction involving the consumer on whom the information is to be
furnished and involving the extension of credit to, or review or collection of
an account of, the consumer; or
(B) intends to use the information for employment purposes;
or
(C) intends to use the information in connection with the
underwriting of insurance involving the consumer; or
(D) intends to use the information in connection with a
determination of the consumer’s eligibility for a license or other benefit
granted by a governmental instrumentality required by law to consider an
applicant’s financial responsibility or status; or
(E) intends to use the information, as a potential investor
or servicer, or current insurer, in connection with a valuation of, or an
assessment of the credit or prepayment risks associated with, an existing
credit obligation; or
(F) otherwise has a legitimate business need for the
information
(i) in connection with a business transaction that is
initiated by the consumer; or
(ii) to review an account to determine whether the consumer
continues to meet the terms of the account.
(G) executive departments and agencies in connection with
the issuance of government-sponsored individually-billed travel charge cards.
If you’re a business owner, you may decide that having a commercial
collection law firm work on your unpaid invoices is your best choice. That’s an
area we specialize in, and we’re happy to discuss your options.
Are you worried you may have to shut down your business due
to unpaid invoices? We can help you in in-state, out of state, and
international judgment collections and enforcement. Contact our Michigan commercial collection attorneys
today at (248) 645-2440 for a free no obligation consultation.
