Cash Flow Problems
When debts are not paid as agreed, your company could face cash flow problems of your own. When your cash stops flowing, you may not be able to pay your own bills, meet your payroll and you could end up in bankruptcy court. A bad debt can hurt your working capital as your receivables are reduced, income is reduced, and your business could be at risk. Boston debt collection lawyers know that you have worked hard to build a business and you are not willing to let someone who is not meeting their obligations destroy that business. That is one reason you need an attorney that is aggressive about collecting any bad debts.
What Is Aggressive Debt Collection?
Aggressive debt collection may mean different things to different people. Boston debt collection lawyers may call the person who owes you money to remind them of their obligation and explain the consequences of their failure to pay. If a phone call doesn’t work to get a payment into your hands, they will send letters, emails and texts to encourage them to bring the account up to date. Although the attorney will be collecting your money, the debtor sees the lawyer as the aggressive one, not your company. Aggressive collectors make it clear that the negative item will remain on the debtor’s credit file until it is paid or until the law requires its removal, usually seven years from the time the account went delinquent.
What Is a Debt Collector Not Allowed to Do
When it comes to aggressive debt collection, debt collection lawyers Boston wide are aware of what they cannot do when attempting to collect debts. They know they cannot call before 8 AM or after 9 PM unless the debtor agrees to times outside of that limit. If the debtor informs the collector that they cannot accept calls at work, the attorney knows they cannot contact them there. Debt collection attorneys also cannot discuss the debtor’s account with anyone but them or their spouse and, if they have an attorney, your lawyer will work with their lawyer. However, debt collection attorneys are permitted to contact others to determine where the debtor lives, their phone number and where they work, but not more than once.
Small Claims Court
One tool that a debt collection lawyer has at their disposal is the ability to take court action against the debtor. If the debt is under $7,000, they can file the case in small claims court which has a much simpler filing process. However, if the amount you are owed is more than $7,000, the case will need to be filed in a higher court. This means additional filing requirements, fees and schedules. You will also want an attorney representing you in a higher court while it is possible to file in small claims court on your own. Therefore, if you are owed more than $7,000, it is critical that you hire an aggressive debt collection attorney who will not hesitate to take your case to court.
Debt Collection Attorney Massachusetts
We have over 50 years combined collection experience and will act as aggressively as the law will allow in order to get you the money you are owed. We understand that the only way to be successful is to be aggressive and let the debtor know they must pay the debt or file for bankruptcy, that we will accept no other terms. If there is a settlement offer, we will provide you advice on whether it is a valid offer, but you will make the ultimate decision on whether to take the offer or continue pursuing the entire debt. Our normal method is to contact the debtor by mail and demand payment by a certain date or they will face a lawsuit. If we receive no response, a lawsuit is filed in order to collect.
Costs and Fees
We don’t accept every case that comes our way because we only get paid if we collect. Therefore, it is in our best interest to be as aggressive as possible to resolve your past due debt. We provide you with a written fee arrangement that clearly spells out our fee and outlines what your responsibilities will be regarding payment. You know exactly what to expect and there are no surprises when we take your case. It is our belief that taking aggressive action and getting you the money you are owed will lead you to refer other customers to us because you are pleased with our results.
If you have accounts that are past due and are not getting satisfaction from those who owe you, contact Goldberg & Oriel, Massachusetts debt collection attorneys today. You can arrange for a free, no obligation consultation by calling us at 844-MASSLAW (844-627-7579) or fill out the easy online form to see how we can help you collect the debts you are owed. We will walk you through the entire process and guide you every step of the way as we aggressively fight to get you your money.