Why Choose Our Law Firm to Collect your Debt
Debt collection has become big business in the recent past. When you start a business, you expect that your clients will adhere to the terms of the agreements and make payments as outlined in them. However, this is not always the case. Even if you do proper due diligence, there are people or institutions that won’t live up to the agreement. This is where law firms that specialize in debt collection come in.
The type of institution you choose to collect your debt will largely determine whether the debt will be recovered or not. That’s why you need to take your time and select a law firm that can guarantee a high success rate.
Most businesses in Massachusetts resort to using third parties to collect their debts simply because they don’t have time and resources to do so. The good thing about involving a law firm for your debt collection is that they will use all legal means to ensure that your debt is repaid.
Why a Law Firm Over a Collection Agency
There are many collection agencies in Massachusetts that offer debt recovery services. Nonetheless, working with a law firm is much more effective. This is because a lawyer or an attorney has more extensive knowledge regarding contract laws than any other person. This is contrary to some collection agencies that work with individuals who don’t understand much about contract law.
The other advantage of working with a lawyer compared to a collection agency is that lawyers have experience in the justice system. They can speed up the process of recovering your debt as long as you provide them with all the relevant information about the debt and the borrower.
How We Stand Out
There are several things that make a law firm stand out when it comes to debt collection.
Power of a Lawyer’s Letterhead
In most cases, a letter of demand bearing the letterhead of a law firm is enough to push a borrower to pay the debt. A letter of demand from the office of an attorney informs the borrower that you are serious about recovering your cash and that you will start court proceedings if the demands are not met. The demand letter serves as a last warning for the debtor to repay the loan before facing legal action.
Quality Legal Advice
Borrowers will always try to come up with issues as an excuse for not paying a debt. If a borrower is disputing a debt or you have doubts about the validity of a debt, then a qualified debt recovery lawyer can offer proper legal advice with regard to the debt. This will help you determine if it is worth following up on the debt or not. Our experienced debt recovery lawyers will advise you accordingly and ensure that your debt is fully recovered.
In case a borrower fails to pay a debt even after receiving a demand letter, it will be easier to proceed with the matter to court using the same law firm. A reputable debt recovery law firm should be in a position to handle the entire debt recovery process internally from start to finish. This includes the launching of court proceedings, entering judgment against a borrower, and taking necessary steps to enforce the judgment.
Our contingent fee agreement states that we do not make any money ourselves unless we collect the money for you. This gives us a major incentive to collect what is owed to you as soon as possible. Our contingent fees range usually from 30% to 40% depending on the case. Occasionally depending on the circumstances we might even charge only 25% if it involves only ending a demand letter. We may also set a one-time percentage for the clients that give us a number of collection cases to work with. Learn more about our debt collection process.
Excellent customer service
This is truly what makes our debt collection law firm in Massachusetts stand out. We treat all our customers with absolute respect and professionalism. Our customer service desk is always open and ready to listen to the needs of our clients.
Debt collection can be challenging, especially if you are not working with the right team. The best option is to choose a debt collection law firm that has the experience to succeed in collecting your debt and understands your business. We have helped many business and lenders recover their debts and there’s no doubt we can help recover your debts as well.