Florida Collection Agencies Read Our Debt Collection Book
Collection agencies in Florida continue to refer their commercial collection accounts to our debt collection lawyers. A Florida collection agency can only utilize making collection phone calls and send demand letters for payment. Florida collection agencies are not licensed to practice law in the State of Florida. Once the Florida commercial collection agency has exhausted its efforts in trying to collect past due accounts, if the creditor wishes to pursue litigation, the Florida collection agencies must refer the account to a Florida collection attorney.
Our Florida debt collection law firm has spent lots of time looking into what do you need to do to publish a book and researching the topic of account receivables, and have finally written an EBook that is available to assist our clients manage their account receivables. We discuss the differences between a Florida collection agency and a Florida commercial collection law firm.
Florida collection agencies sometimes hold onto past due debt collection accounts too long
Many times we find that Florida collection agencies hold onto a collection account for an extended period of time when it is apparent that litigation is required to effectuate collection. We believe a collection account should be with a collection agency no more than thirty (30) days before forwarding the account from the commercial collection agency to a collection attorney if there is not a solid repayment plan put into place by the Florida collection agency.
After reading our EBook, we would be happy to discuss implementing an effective debt collection strategy for your company. We would be happy to also partner with any Florida collection agency that may need our assistance after traditional tactics utilized by Florida collection agencies have not convinced the debtor to enter into a repayment plan. There are many avenues that we may be able to pursue in attempting collection of your past do accounts.
Attorney Demand Letter Service Could Save You Money in Collecting Past Due Accounts
Staying on top of your company’s account receivables is a top priority for most small businesses to ensure there is cash flow to keep your business up and running. Being proactive in collecting past due accounts is important. We recommend before using a collection agency or a series of commercial collection agencies that your company establish internal credit and collection procedures. Simply maintaining a dialogue with your customer will give you a good indication if your company is going to be paid, or if ultimately you will need to refer the past due account to a collection agency. Remember collection agencies are not licensed to practice law and must send accounts to collection attorneys if an account has to be litigated.
The Gebeloff Law Group, a Commercial Collection Law Firm, has started a new program where a company can try sending an attorney demand letter seeking payment of past due debt before committing to paying a collection agency a contingent fee. Collection agencies typically charge twenty-five percent (25%) prior to litigation by a collection lawyer and then twenty-five to forty percent ( 25-40%) if the case is referred to a collection attorney.
Collection Agencies Charge Higher Contingent Fees When They Refer Your Case To Debt Collection Law Firm
AttorneyDemandLetters.com was developed to allow companies to attempt to collect their debt for a reasonable flat fee before committing to paying fees that are contingent upon collection. Sometimes a demand letter from a collection attorney is all that is needed before your customer is motivated to pay its past due receivable.
For more information on why using an attorney demand letter program instead of using collection agencies to collect past due accounts, visit our web site to find out more. Using a commercial collection agency has its purpose but, when significant money can be saved, a creditor should feel free to contact us to see how we may be able to help you collect your past due accounts, without having to pay contingent fees to a collection agency.
Keeping on top of your company’s account receivables is vital to maintain cash flow for most small businesses today. The Gebeloff Law Group has created an e-book to help companies devise and implement a debt collection strategy. The title of the book is “ Collecting Account Receivables/ Don’t Let Your Company’s Money Burn.” We are offering a free copy of this book. We welcome you to click the link below to get a copy of the book. We are sure that there will be many useful strategies from setting up a credit application to choosing between a commercial debt collection agency or hiring a collection attorney to collect on past due debt.
Our commercial collection attorneys devise unique strategies to help clients stay on top of their past due accounts. What our debt collection law firm can offer clients is the ability to look beyond the initial demand for payment. Our collection lawyers can pursue alternative theories of liability when pursuing a debt collection account. Our debt recovery firm will look to see if there has been any apparent fraud. If so, we will discuss with our collection clients the possibility of pursuing officers and directors of the debtor company and any successor company that may have been recently established in an apparent attempt to defraud creditors.
We get many referrals from other law firms and collection agencies when they have been able to collect on a past due account. Commercial collection agencies are not licensed to practice law. A collection agency must refer the case to a collection attorney to proceed once the collection agency has exhausted its debt collection efforts.
We invite creditors as well as collection agencies to call us for their debt collection needs. We would be happy to assist any collection agency prior to referring a case to our commercial collection law firm to analyze debtor liability and whether the collection case warrants referral to a collection attorney to litigate.