You may take legal action to recover a small loan if the debtor refuses to pay. This may be a daunting procedure, but with the assistance of a professional collection attorney, it can be performed swiftly and successfully. Our goal is to assist you in obtaining the most money possible out of the recovery process. To build trust with our customers, we provide them with an easy-to-follow approach and open communication and constant follow-up.
What Makes Us Better Compared to Debt Recovery Companies?
A legal firm is more competent than an agency to handle modest money recovery for several reasons. Due to the prospect of a lawsuit, a legal firm is usually more effective in recovering modest dues. If you engage a lawyer to collect your dues rather than an agency, the debtor will be advised that legal action will be taken against them if they do not pay. This might assist in ensuring that creditors are paid.
Attorneys are held to a higher standard than agencies. Our lawyers abide by all state and federal laws and the ethical norms established by their bar organization’s rules of conduct. When it comes to small debt recovery, most agencies lack the lawyers’ expertise and training. This implies that the lawyer you choose will be familiar with your state’s laws and how to effectively pursue debtors.
If you owe a little amount, you may believe that hiring an attorney in Massachusetts would cost more than the bill itself. Our attorney’s specialized attention is often well worth the expense. A lawyer can explain the steps to follow and draft a letter that complies with all legal standards. In certain circumstances, a letter from an attorney is sufficient to convince a debtor to pay, particularly if it is minor.
Suppose you need to take the individual to court. In that case, the attorney may either assist you in filing the paperwork or take over the case for you, albeit this may be prohibitively expensive for such a small quantity of money. One alternative is to employ an attorney who can handle both large and minor concerns on your behalf, reducing total costs and assisting you in collecting the money you owe.
What Makes Us Stand Out?
The success of Massachusetts Debt Collection Attorneys is attributable to various factors. Our law firm has a proven track record of success with small debt collections. Many companies and individuals utilize our services because they know we will complete the task swiftly and ethically. You may be certain that your case is being handled by a professional when it comes to collections in Massachusetts or globally with our worldwide agency.
You can also benefit from our services if you have huge sums of money outstanding. Our expertise is limited to consumer and business debts of less than $5,000. We represent banks, credit unions, and other financial institutions across Massachusetts.
We have a recovery record of more than 90% since we employ a variety of approaches such as phone calls, letters, emails, and even text messages when necessary. We also do not send threatening letters unless our customer has given us the go-ahead. This saves time and money while maintaining your reputation throughout the process.
According to our contingency fee agreement, we do not get paid if we do not collect any money on your behalf. Consequently, we’re driven to create, and the more we create for you, the more we create for ourselves. Depending on the circumstances, our contingent fees vary from 30- 40%, and we sometimes take a non-contingent suit fee for a smaller portion. Clients that offer a large number of recoveries may be able to negotiate a fixed share.
What’s The Point of Collecting Little Debts?
Small loans are necessary for two major reasons. If the little money is not paid, it may accumulate over time. The longer you delay starting to collect, the more money you risk losing. Many creditors will not pursue actions against debtors owing less than $5,000. This keeps minor bills unpaid, encouraging debtors to continue delaying payment. This process is significant because it has the power to both incentivize debtors to pay and deter them from repeating the conduct in the future.
If you are worried that you will never get paid, please contact us to see how we can help. You deserve better treatment than being ignored, and the longer you wait, the harder it may become to collect your money. We have the best rates in town and experienced representatives that will work closely with your company to make sure all debts are recovered. Give us a call to learn more about how we can help you.