Debt Collection in Boston
Commercial debts can affect businesses in different ways and result in losses. At Massachusett Debt Collection Attorneys, we are dedicated to helping our clients recover their debts as soon as possible, regardless of the company’s size and amount owed. Our law firm has over 50 years of combined experience, making us equipped to collect debts on behalf of individuals or businesses.
While we would like to help all our clients, we do not take all cases presented to us. We usually evaluate the claims to determine whether they are feasible before taking them on. We are a reputable law firm committed to delivering our services with honesty and transparency. Therefore, we give our clients written fee agreements indicating how we calculate the fees, what it includes, and the client’s responsibilities regarding the expenses.
While we deal with numerous types of commercial debt, we have a standard process we follow for all of them that has always proved to be the most effective. To ensure we understand all the dynamics, we ask our clients about the relationship between them and the debtor and why they borrowed the money. This helps us determine the relationship between them and devise the best approach.
We will then write a personalized demand letter to the debtor. We usually customize the letter to let debtors know we are dealing with them individually and the letters are not from a mass mailing. Debtors are usually more responsive and ready to negotiate or pay when they realize our direct interest in their case. Most times, the collection process ends at this point, where the debtor negotiates or pays the full amount.
If the debtor makes an offer to escape paying the full amount, we usually our clients whether it’s a wise financial decision, but we don’t coerce them into making the decision. If the debtors don’t respond or pay, we follow by filing suit. During this stage, we use all the tools to return our clients’ money. If the debtor has open bank accounts, we try to get a judge to attach them, and if they have real estate, we try to get real estate attachment against them. While these processes are sometimes lengthy, our expertise and experience allow us to complete them in good time.
While we use aggressive methods, we continually operate lawfully and let our clients’ debtors know that we will collect the debts unless they file for bankruptcy.
There are numerous law firms in Boston but these qualities make us one of the best.
Having someone owe our clients is already a heavy financial burden. Therefore, we have curated our prices to ease the burden for the clients with pocket-friendly prices. We usually ask for payments only in contingency fees, meaning we take a percentage of whatever we help our clients reclaim.
Depending on the case, the amount of money involved, and the number of accounts, we charge between 30 and 40%. For clients claiming less money, we sometimes for with non-contingent payments. Our agreements lay out all the fee calculations and inclusions without hidden costs.
The older delinquent commercial accounts are the lower the debtor’s chances of paying back. Experts even believe that if the debt has been active for over 90 days, the chances are that the debtor will not pay over 3/4 of the original amount. Therefore, we advise our clients to come to us as soon as they notice signs that the debtor might not pay.
Because of our mode of payment, we understand that we don’t get paid until we collect our clients’ money. Also, the more we collect, the more we earn. This motivates us to employ all our techniques to ensure our clients get their money back as soon as possible. Our organization has a motto that attorneys can only succeed in the debt collection world by being aggressive. This means we will use whatever techniques and personnel to recover the debts.
We understand how stressful it can be to deal with different attorneys in several states. We are a one-stop solution for clients with debtors across the country. This centralized approach makes the process faster and ensures the client can track all the operations efficiently. Whether the debtor took the debt from another state or moved after taking it, we leverage our legal resources across the states to collect it. Throughout our years of business, we have created a robust network of attorneys in all states inducing Alaska and Hawaii.
The first step is usually determining whether we can sue the debtor in Boston. Once we file suit, we determine if they have any assets in the state that we can use as leverage. If we cannot file suit in Boston or if they don’t have assets in the state, we file suit in the other state where the debtor has a business or assets.
Our attorneys are highly educated professionals. They have many years of experience in debt collection, equipping them with the skills and techniques to collect all types of debts effectively.
We believe in creating mutual and respectful relationships with our clients built on trust, transparency, and honesty. We understand how important that is because most of the clients we get are from referrals by other clients. To ensure we keep these relationships intact, we have one of the best customer service teams. Clients can contact us anytime to ask for clarification, seek advice, or book our services.
Also, when a client starts working with us, we maintain constant communication and keep them updated about the process.