Collections (aka debt collection) deals with money that is owed by one or more parties to another party. Debt collection almost always about enforcing a contractual obligation to pay for goods or services.
Common Collections Issues
The main issue in collections cases is usually collectability, not liability. Most debtors fail to make payments because they have limited financial means and not because they dispute owing the debt.
In taking on a collections case, we examine both the legal merits of the case and the options to collect once a judgment has been obtained. Improper collection approaches open up a creditor and/or a debt collector to a myriad of potential issues including FDCPA and FCRA claims. Hiring an expert attorney to collect a debt helps avoid potential problems and increases the likelihood of being paid.
Handling Collections Issues
There are multiple ways to collect a debt, including making phone calls, writing letters, and filing a negative remark against a credit report. A lawsuit is the only option available that can compel payment from a debtor. Once a judgment has been obtained, a creditor can garnish wages and bank accounts or execute against the debtor’s property.
Our experienced debt collection attorneys can help you decide the proper approach to collect your debt.