Personal Debt Collection
By: Goldberg & Oriel Attorneys at Law
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Personal Debt Collection
Nothing hurts a creditor more than debtors that dodge debt collection phone calls like a game of dodge ball in the gymnasium. Perhaps you have found yourself in this heartbreaking situation. You desperately need the money, and your debtor took the money and walked off laughing. If this happened to you, hire a Boston debt collection agency. When debtors refuse to play fair, you need to bring in the legal experts to force their hand.
Personal debt collection refers to individuals who are owed money. Businesses aren’t the only ones who are owed money. You might have cases where you loaned money to friends or family or a co-worker, and they never paid you back. Even worse, it soured the relationship between the two of you. We never advise you to borrow too much money to family or friends for that reason because of how we have seen things like this cause vicious conflict within families.
If you have already made that mistake, however, our debt collections lawyers will provide you with a legal backbone that defends you from a total loss. Many times, people think that they don’t have options with personal debts. We exist to keep everyday people honest.
Personal debts sting even more than with businesses because of how you trusted the person enough to lend them the cash. You did them a favor out of your love for them. They chose to stomp on your heart and throw it in the trash. You have legal actions that you can take when someone returns a dagger for kindness.
What Does This Lawyer Do?
A debt collection lawyer enters the process when other routes have led to brick walls. The lawyer comes with a sledgehammer and smashes the brick wall to fragments and proceeds to unleash snarling pit bulls who put the legal process of debt collection into full swing. After they buy the delinquent accounts from the creditor, the debt collection process begins.
Should the debtor refuse to honor his commitment to the debts, the lawyer will pursue legal action that recovers the debts. They transfer the default profile to the court if it must come to that. To successfully collect a debt, you need a lawyer who will present your case and fight without a moment’s rest. Collection solicitors act as the final method of recovery before it proceeds to court, which means that you need to bring in the best of the best.
Some of the actions available with a debt collections lawyer include:
- Seizing part of a property to collect a debt.
- Arrange a convenient payment plan
- Issue a Letter of Demand
- Open a small claims court case
- Advise wage garnishment to the court
- Open bankruptcy proceedings
All of this happens within the restrictions of the law to ensure fairness for all. If someone owes you a debt that they have no intention of paying, you have a right to collect it.
How Do Personal Debt Collection Lawyers Differ from Debt Recovery Agents?
Normally, you choose a Massachusetts debt collection firm when you struggle with a more difficult debtor. You hire this lawyer when you will need to take legal action to ever recover your cash. In cases where the pre-collection stage works, you may not have to hire a lawyer. This costs more. We usually advise you to use us as a last resort. When the simpler things fail to collect a debt, you call in the heavy artillery. You can find some attorneys that won’t charge unless they win in court, but you have other attorneys who charge hourly. We don’t charge unless we win.
What to Understand About Property Seizure
Important to note, while a personal debt collections lawyer can seize property, they can’t legally sell it until they have reached a written agreement on the collection of the debt. You can feel empowered, however, knowing that your debtor doesn’t sleep at night with his house seized. The legal actions taken against him can even spur him to pay the debt through whatever means necessary so that the process doesn’t escalate further.
What We Have Learned
Over the years, we have learned how when you issue a Letter of Demand, it often spurs the debtor to come to terms with what he owes. They will often agree to settle the debt at the whisper of a legal threat. We use a straightforward process to collect debts. As Benjamin Franklin once wrote, “He who goes a borrowing, goes a sorrowing. All the more, he who goes to collect his debt later.” The process of collecting a debt can be a difficult one. Along with these things, collecting a debt can quickly fritter the hours away, and nothing about this process could be said to be pleasant. Like raking your body over hot coals in the fireplace, we will handle the ugliness of the matter so that you don’t have to deal with it.
Here at Goldberg & Oriel, our legal team has proudly collected debts for over 40 years. We will track down debtors and force them to pay the money owed if necessary. Our expert legal team will look over the specific details of your case to determine how to proceed. We will implement a strategy that puts the money back into your pocket. Why should you have to suffer over the careless actions of someone else when you simply tried to do them a favor and they betrayed your trust?