Why clients continue to use us for their debt collection

Why clients continue to use us for their debt collection

With over 60 years of experience in the field, we are a debt collection Law Firm in Massachusetts. Our team works hard to ensure that each case is handled professionally and with the utmost care, as this is our top priority, as it should be yours. We aim to resolve your debt situation with the least stress possible and efficiently. With your best interests at heart, we work to resolve all outstanding financial issues promptly.

How Do We Go About Collecting Your Debt?

We begin by getting to know why and how the debt came about. Once we understand the situation, we can guide you through each step. We will then draft what is known as a demand letter for payment. This letter will summarize your debt situation and detail what must be done to resolve the case. Most importantly, we will outline an action plan outlining how long it may take to fix the problem and a payment schedule.

If this letter doesn’t grab their attention, our following action is to file suit. Once legal action has been taken, we can enforce your debt payment. The next step involves working with the court to obtain a judgment against the debtor. We will push for the court to attach your debtor’s property, including any bank accounts or real estate they may have, while they are still paying off their debt.

Why a Law Firm Over a Collection Agency?

Law firms are much more effective at collecting debt than a collection agency as they have better legal options. We are much more effective at discussing and negotiating cases with the debtor. A collection agency typically only collects by threatening to call the debtor’s job or other personal connections. They may also threaten to send your case to a lawyer or file an affidavit of garnishment without any prior discussion with you. We offer the following benefits:

Power of a Lawyer’s Letterhead

A letter written on letterhead from a lawyer’s office affects the receiver. It is impossible to ignore that the sender is a trained professional and they will treat the situation with seriousness. It will cause a much higher likelihood of payment than if you were to send an email or make a phone call in the first place.

Contingent Fee Agreement

We work on a contingency fee basis. It means that there is no fee unless our services are successful. The fee is based on the amount of the debt that you hire us to collect. Our fees begin at 25% but range from 30% to 40% of the assets obtained.

Quality Legal Advice

We will discuss your exact situation and assess what can be done to resolve the matter. Our team will then provide a written legal opinion that outlines the possible options and action that needs to be taken. This helps set us apart from other companies, providing our clients with the best legal advice possible.

One-Stop-Shop Service

If the borrower fails to pay a debt even after receiving a demand letter from us, it is easier to proceed to court. It is not just a case where we send a court summons, but it also includes filing the necessary legal paperwork. A lawyer will be able to provide the best legal assistance when the debtor does show up in court. You do not have to hire an attorney from a different firm, and we can help you access the knowledge you need through our superior connections.

What Type of Debt is Eligible for Collection?

If you live in Cape Cod, Boston or any other part of Massachusetts, then we can help. Our team specializes in debt collection, and we can take care of a huge variety of outstanding debt, whether personal or private. We take care of all kinds of consumer debts, including:

Business Debt Collection

If you are an owner of a business with difficulty collecting your money from accounts receivable, we can provide you with the assistance you need to get the job done.

Commercial Debt Collection

We can help you collect outstanding business loans and identify customers with outstanding accounts that must be paid. We will send letters to the customers demanding their payment, that if not paid within a date and time, their property may be sold to satisfy their debt. We are very familiar with the ins and outs of this process as we handle our collections daily.

Personal Debt Collection

We can also help you collect outstanding debts from individuals who have borrowed money from you in the past. If you have lent money to a family member and they have failed to pay it back, then we can recover that outstanding debt on your behalf. If a debtor has a history of not paying what they owe, it is suggested that legal action be taken against them.

Small Debt Collection

If you are having trouble collecting small debts, we can help. We know to provide you with the best way to get your small debts collected and paid. In some cases, it may be possible for us to negotiate a repayment program rather than having the debtor pay in full at once.

As you can see, our  debt collection attorneys are experts in all types of debt collection. Whether it involves a private or commercial matter, we will be able to help whether you live in Cape Cod, Boston or the greater Massachusetts area. Contact us today for a free consultation.