Nothing feels more devastating than someone who owes you money refuses to pay. Choosing a lawyer over a debt collection agency guarantees you that you will recover your debt but you need to understand that this comes with its fair share of costs. Trying to collect the amounts due on your own to know success can be overwhelming and cumbersome if your clients are giving you a hard time. To avoid all the frustrations one can, follow the laws concerning proper debt collection especially if you are running a business. However, one can choose between a debt collection agency or a law firm to help them recover their money faster.
A lawyer can write a demand letter which is sometimes enough to make the person who owes you to pay the arrear. When an individual goes to the internet to search for a debt collection attorney it might be because they have never needed one before or they are not pleased with their current attorney. Not so many lawyers identify themselves as debt collection lawyers, and few of them specialize in debt collection. An attorney is more cost effective than a debt collection agency if one is thinking of taking a legal action against a client for not paying. An attorney can charge on a contingency fee basis. Many debt collection agencies are unable to handle some cases forcing clients to later turn to an attorney. Therefore, people prefer to use an attorney to using an collection agency.
At Massachusetts Debt Collection attorneys, we provide services to all from the small business owners with one or two employees to corporations with thousands of employees. The firm ensures that their clients’ debt collection procedures are legally carried out and they reduce the risk of the client losing a lot of their money.
Considering the fact that everyone wants to save, our Massachusetts law firm tries to tell their clients and first-time callers how they can save money if we think they are in a position to. This mostly occurs when a client is trying to collect a claim less than $7000 which is categorized as a small claim. At times if we think it is beneficial, we will recommend other ways to try and get the creditor to pay without necessarily hiring a lawyer.
A law firm specializes in different bill collection sectors. They focus in the sector of law, and have a great apprehension of how to slog within the lawful system for good results. On the other hand, collection agencies have a set of procedures for discussions and do not deal with lawsuits and they also lack any lawful skills. A law company has the expertise to take legal action on your behalf. Doing it individually while not trying to minimize the risk of facing a lawsuit from the people you’re suing is difficult.
A debt collection agency can only sue on your behalf if you are not in a position to. Collection agencies are not allowed to provide legal advice to clients whereas attorneys have the mandate to advise you and lay out the advantages and disadvantages of each action one takes. This gives the client more information they require to make informed decisions about recovering their debts. A law firm like Massachusetts debt collection attorneys is licensed, insured and bonded. Many collection agencies are not licensed and might therefore not be of high standard of behavior when dealing with debt collection.
Additionally, most of the cases are offered a flexible fee plan and are usually on a contingency fee basis. In this way we are in a position to ensure that our clients recover a vast amount of their money. A collection agency does not guarantee that as a client you will receive your money back. Lastly, only attorneys know the complexities of what is required for a lawsuit to proceed to judicature, which is the reason as to why they deal with plenty of the tasks.
Massachusetts Law firm has the best debt collection attorneys with over a decade expertise in taking care of commercial debt collection issues in both the state courts and local districts in the whole of Massachusetts. The firm clearly understands what needs to be done to collect the money owed to our clients.