Tuesday, September 24, 2013

Getting The Biggest Bang For Your Buck By Using Law Firms Rather Than Agencies


It is never pleasant to have to resort to stronger measures than a friendly reminder letter in order to collect the money owed to your firm.  Of course, there are a number of ways to go about it, but the aim is to make the best out of a frustrating situation.  When you need help, choose the kind of assistance that will treat you like the valued client that you are.  In general, law firms have a better understanding of the importance of treating a client with respect.  This is a definite advantage of hiring a law firm to represent you over a collection agency.

Debtor Attention

Your dollar will also go much further with a law firm than a collection agency because an attorney or law firm representation immediately commands greater attention.  Debtors may have faced collection agencies before and totally ignored them, delaying collection for many months if not years.  Collection agencies do not have the knowledge of the law an attorney brings to the table.  They may use offensive and disrespectful measures that can give the whole industry a bad name and which will delay any recovery you may hope for.  By working with a law firm instead an agency, your recoveries should increase in an ethical manner that is respectful and legal. 

Collection And Litigation

More tangibly, hiring a law firm for debt collection is a plus because if the debtor proves to be unwilling or unable to pay what he owes you, a law firm can begin litigation immediately.  You do not have to go and hire an attorney once the collection agency has failed in its recovery efforts.  The attorney assigned to your debt collection has all the facts in front of him.  He will also be aware of the debtor’s previous subterfuges and evasive maneuvers.  This saves time and effort, which is to your benefit. 

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