How Do You Write a Demand Letter for Payment
Our debt collection law firm receives many calls from potential client’s inquiring on the best way to write a letter demanding payment. When writing a letter that demands payment of past due invoices or a demand letter for services rendered, it is important to identify clearly in the letter that if payment arrangements are not made by your customer, you would strongly consider further legal action to attempt collection. Demand letters for payment also serve as an initial attempt to verify that your customer is still operating at the same business location.
Demand Letter for Payment
What Happens if the Demand Letter for Payment Does Not Result in Payment
Not every demand letter for payment will result in your customer paying for services rendered or goods sold and delivered. However, as indicated the letter demanding payment will put your customer on notice. Our debt collection attorney started a demand letter service for clients who want to put the added strength of a debt collection law firm behind the demand letter. When your customer receives a demand letter from an attorney it is clear that if payment arrangements are not made immediately, legal action to collect the past due invoices for services rendered or for goods sold and delivered would be the next step in the debt collection process you would consider.
How Does the Demand Letter for Payment Program Work
To find out more about how our debt collection law firm operates its attorney demand letter for payment of money owed, please visit our home page. We look forward to more creditors utilizing our attorney mend for payment service to collect money owed. Our debt collection attorney would be happy not only to discuss the demand letter process, but also devise a debt collection strategy that is right based upon your company’s debt collection needs.
Judgment Obtained Against Boca Raton Woman and Real Estate Agent in Rental Scam
Our debt recovery law firm was retained by a Michigan woman, who after being introduced to an alleged high end Boca Raton property, that was supposedly available for rent, sent $26,000.00 as a security deposit to the owner of the property. The real estate agent failed to disclose a material fact to our client, namely that the restrictive covenants of the HOA did not allow owners to rent the property. After learning of this fact, a little too late, our client demanded a return of the deposit. Both the real estate agent and the property owner acknowledged that the money was due to my client , but the money was no longer available to be returned. No explanation was given to our client and soon, the owner of the property and the real estate agent stopped communicating with our client.
Collection Law Firm
Securing a Judgment was Relatively Easy -How to Collect on the Judgment is the Challenge
Obtaining a judgment for our client was relatively easy. It should be noted that we obtained a judgment against both the husband and wife, the owners of the property as well as the real estate agent. In Florida if a creditor only has a judgment against one spouse, property held as tenants by the entirety are exempt from execution. Because we obtained a judgment against both spouses this exemption will not pose a problem in our enforcement efforts. The other area that has to be addressed even though we have a judgment against both spouses, we would not be able to execute on the homestead property of the owners because of Florida’s constitutional protection of homestead property . Fortunately, we were able to find several properties owned by the owners. Since you may only have one homestead, we are now exploring the possibility of foreclosing on the one of the other properties .
Call and Speak to our Collection Law Firm for Assistance
Our firm prides itself in exploring many avenues of collection. Our debt recovery firm has seen an uptick in fraudulent activity, coupled with the weak economy. There are many people who will resort to many unscrupulous activity when they are desperate enough for money. As for the real estate agent, his license is in jeopardy. We will also explore the agent’s personal assets to attempt to secure the liquidation of the judgment for our client. As our debt collection attorney is beginning to piece together a solid debt collection strategy for our client, it is still too early to tell you with certainty how collection on the judgment will occur. We will keep posting about this case and its debt collection strategy in future debt recovery law firm blogs.
We Welcome Complex Debt Collection Matters
Other attorneys who are not versed in post judgment collection, often refer their toughest cases to our debt collection attorney for review. We do not take on all cases, but we do try to give each prospective client of our debt collection law firm an honest assessment of what steps can be taken to enforce the judgment and thereafter, from our years of experience as collection attorneys prognosis as to chances of recovery. We encourage anyone with a debt collection issue to contact our debt recovery law firm. Together we will devise a collection strategy that is just right for you.
Debt Collection -Recovery for Small Business / Collecting Account Receivable
When a small business carries account receivable on the company’s books, cash flow can be severely impacted. Internal collection procedure should be established so that past due accounts do not get too far behind. Many companies when they cannot collect on past due accounts start to consider using commercial collection agencies. A commercial collection agency typical will send out a series of collection letters demanding payment of the past due account. A collection agency will also pass the debt collection account to several debt collectors to try and collect on the past due invoices.
Collection Agencies Have Limitations
In today’s economy, the old model of sending an account a collection agency may not be as effective as it was several years ago. Today those companies that push the hardest will get paid the fastest. Our commercial debt collection law firm has several different approaches to collecting past due accounts. Just like a collection agency, our collection lawyer will draft a demand letter seeking payment of the past due account receivable. A significant difference is that demand letter for payment of the account is on a collection law firm’s stationary. A demand letter for payment coming from a collection lawyer, rather than a collection agency will have a greater impact on stressing the urgency of your customer making payment arrangements to satisfy the debt.
Florida Collection Attorney Gebeloff
Attorney Demand Letter for Payment
Our debt recovery law firm has also developed a program to offer a flat fee for sending a demand letter for payment of debt followed by a phone call from one of our attorneys to help recover money due to your company. Using this program a creditor does not have forfeit a high contingent fee to a collection agency. A demand letter from a collection attorney has a greater impact and has the potential to save your company significant amounts of money in collection fees. Call our debt recovery law firm today and ask to speak to a collection attorney to discuss an effective debt collection strategy that is just right for your company.
Collecting on Past Due Accounts Using a Collection Agency or Debt Collection Law Firm
For small business owners, collecting on past due accounts from your company’s customers is time consuming and keeps you from focusing on your company’s core business. Because of that, many businesses turn to commercial collection agencies and or debt collection law firms to assist with debt collection efforts. A collection agency can offer some value for those companies that have many small balance accounts that need to be sent to outside collection. However, as we have previously talked about in previous articles is the fact that collection agencies are not licensed to practice law. A collection agency must send accounts to collection attorneys and debt collection law firms for further debt collection efforts once it is determined that the collection agency will be unable to collect on the past due debt. In doing so the collection agency raises its contingent collection fee.
Collection Law Firm
Collection Agencies Can Serve a Limited Purpose
Debt collection law firms send out demand letters as well as make debt collection calls to your customers just as a commercial collection agency would do. However, a major distinction between a collection agency and a debt collection law firm is that the demand for payment of your company’s past due accounts will come from a collection lawyer. Receiving a demand letter for payment from a collection attorney lets your customer know that your company is prepared to take your customer to court if an amicable resolution to the past due account cannot be reached. In addition, your company will not have to pay an inflated contingency fee by sending accounts directly to a collection law firm as your company will not have to pay the collection agency an extra fee for simply sending the past due account to a collection law firm.
Call to Speak to Our Collection Attorney
We invite you to contact our debt collection law firm and speak to our collection attorney. Together we would devise a debt collection strategy that was just right for your company. We would be happy to go into more detail about the differences between your company using a debt collection law firm rather than a commercial collection agency.
Collection Agency or Collection Attorney
December is the time of year many businesses take a pause to self asses the year their business had. Many small businesses struggle with cash flow. Companies that have outstanding account receivable often do not have a system in place to pursue bad debt / past due accounts. Our debt recovery law firm has put together a free -E-book to assist companies with their debt collection policies and procedures. Inside the book our collection attorney provides some strategies that may assist a company sharpen up their internal debt collection procedures.
Collection Attorney Stephen B. Gebeloff
If a business has done everything they believe was possible to collect past due accounts, they often may start to consider sending the account to a collection agency. Collection agencies may be an effect tool for debt recovery, but we have discussed the differences between a collection agency, collection attorneys, and debt collection law firms. A collection agency is not licensed to practice debt collection law. Collection agencies typically send accounts to collection attorneys throughout the United States. To send collection accounts to collection lawyers a collection agency must typically charge a higher contingency fee. The reason is that the collection agency is simply acting as a middleman.
Collection Agencies and Debt Recovery Law Firms Are Not The Same When It Comes To Collecting Past Due Accounts
Most commercial collection law firms can provide the same services that a collection agency can, but as stated above, because collection agencies are not collection attorneys, a debt recovery law firm can be a lot more powerful way to attempt the collection of your company’s overdue accounts. A letter and phone call from a collection attorney lets your customer know that your company is serious in pursuing the collection of the past due account.
There are many variants to being able to collect a past due account. Our debt collection law firm believes that before a lot of money is spent on contingent collection fees, a flat fee alternative should be considered. To learn more about flat fee debt collection attorney fee programs our commercial collection law firm provides, we encourage you to contact one of our debt recovery law firm and ask to speak to someone from our debt collection and recovery team. CLICK HERE TO LEARN MORE
Debt Collection Law Firm
Thanksgiving means a lot of different things to different people. However, for a small business it may be time to start looking at different areas of the business that may need adjustments to better help with the overall cash flow of the business. Collecting on past due account receivables and/or setting up credit and collection procedures for your company may be one of those areas that with paying closer attention to collecting past due accounts, might make a difference.
Collection Law Firm to Collect Past Due Accounts
Commercial Collection Agency
Our debt collection law firm offers small businesses a variety of options to consider. Commercial collection agencies are one way, but our collection attorney has discussed in past blogs the difference between a collection agency to collect past due accounts and a collection lawyer in a debt recovery law firm to collect your company’s past due account receivable.
Our Collection Attorneys Can Help Collect Past Due Account Receivable
Our firm has recently added a flat fee commercial demand letter for payment of debt. Our clients were asking us for examples or templates of collection letters but, most found that a debt collection letter coming from a collection attorney was more effective than the company simply sending a letter demanding payment. A company should send a demand letter for payment first, but after time passes it will become apparent when a company is simply stalling or cannot pay on the past due account. If your company is interested in exploring our debt collection law firm’s flat fee letter to collect on past due accounts, feel free to visit our website.
Of course, or debt collection firm offers the same traditional collection agency services – letters and phone calls, but unlike a commercial collection agency, our commercial collection lawyers will be able to bring suit to attempt collection of your company’s past due account receivable when warranted.
Letter Demanding Money Due
Even though companies are getting smarter about extending credit for goods sold and/or services rendered, there are still instances when unexpectedly your company is owed money on past due accounts. Internal debt collection procedures should be in place for your company from the outset, again past due accounts are part of the risk of doing business. If you do not extend some credit, sometimes demanding upfront payment on account may lead potential customers to other service providers and/or companies to get product. We have put out a free guide to help your company set up debt collection procedures.
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Guide to Internal Debt Collection Procedures
Past blog posts have addressed the major differences between commercial collection agencies, collection law firms and debt collection attorneys. A collection agency does serve a purpose in some instances when your company may have a high volume of collection accounts with small balances where repeated debt collection calls may be all that is needed to collect your company’s money. However, collection agencies are not licensed to practice law. A commercial debt collection law firm gives creditors a stronger approach to attempting to recover the company’s past due account receivable.
Collection Agency of Collection Attorney Letter Demanding Payment
Our debt collection law firm has set up a new attorney demand letter service. For a flat fee our collection lawyer will draft a letter demanding payment of your company’s past due account. Putting the power of an attorney behind your demand for payment will let your customer know your company is serious about pursuing collection of the account. If the demand letter fro payment does not result in your company receiving payment, our collection law firm can tailor a more traditional debt collection strategy which may include litigation to attempt to recover your money.
Call Our Debt Collection Law Firm
When you call our debt collection law firm one of our collection attorneys will speak to you about your company’s collection policies and procedures. Together we will work on a debt collection strategy that is right of your company, whether simply a letter demanding payment or starting a lawsuit to collect on the past due account receivable.
Demanding Payment With Collection Letters
Sending a demand letter for payment of past due account receivable is the first step in effectively managing your company’s cash flow. A demand letter puts your customer on notice that your company is ready to take collection of the past due account to the next level. Our commercial debt collection law firm has established an attorney demand letter program.
Demand Letter Are Effective Collection Tools
An attorney demand letter for payment of money due to your company indicates to your customer that you are willing to start a legal proceeding to collect on the account. The difference between a demand letter from a collection attorney rather than a demand letter from a commercial collection agency is obvious. Collection agencies are not licensed to practice law. Most debtors know that and will ignore demand letters from a collection agency.
Collection Attorney Gebeloff
A demand letter from our collection lawyers will be firm and the letter for payment will make it clear what the consequences may be if the letter for payment does not result in your customer paying you. Our collection law firm also has begun to offer flat fee pricing for the demand letters for payment. Typical collection agencies charge a contingent fee upon collection. Our flat fee debt collection demand letters are offered at a low price with no contingent fee if the letter results in the customer paying you.
Of course, if the demand letter does not secure payment of your past due account, our law firm can then assist you with moving your collection matter into the litigation arena. No matter where your customer is located, with our demand letter for payment and/or litigation services, we can assist your company collect on past due account receivable.
Attorney Demand Letter for Payment is Effective Debt Collection Tool
Sending a demand letter for payment when trying to collect account receivable puts your client on notice that your company is preparing to send the account to a third party to collect if payment arrangements are not made. We have written about the differences between commercial collection agencies and commercial debt collection law firms. Creditors that use a collection agency end up paying higher contingent fees upon collection of the account when the collection agency sends the account to a collection attorney when the collection agency cannot collect on the debt without litigation. Collection agencies are not licensed to practice law.
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Guide to Internal Debt Collection Procedures
Demand Letter for Payment May Save Your Company Money
The Gebeloff Law Group has started an attorney demand letter program for creditors seeking to recover past due collection accounts. The attorney demand letter for payment advises your customer that this is their last attempt to make payment arrangements before your company may decide to pursue legal action to collect on the debt. The demand letter for payment also serves a purpose to verify that the customer still has an active mailing address so that in the event litigation is necessary to collect on the debt, the sheriff will be able to serve a summons and complaint.
Our law firm offers creditors a flat rate for sending a demand letter for payment. The demand for payment instructs your customer to make payment arrangements directly with your company. By offering a flat fee, our clients may save money because they will not have to pay a commercial collection agency a contingent fee which usually ranges between twenty and thirty-five percent.
Many creditors look to our law firm to provide complete debt collection services. Our demand letter for payment is just one tool for debt collection that our law firm provides. We invite companies to call our firm and see if sending an attorney demand letter for payment of past due accounts is right for their company. If the attorney demand letter for payment is not effective alternative collection tactics can be explored.
Collection Agency Alternative
Collection agencies typically have legal forwarding departments for debt collection accounts that the collection agency was unable to collect. The collection agency maintains a network of debt collection attorneys that are retained by the collection agency to file lawsuits or send attorney demand letters demanding payment for money owed. Once collection agencies forward an account to a collection lawyer the collection agency must charge a higher contingent fee upon collection.
Attorney Demand Letter for Payment
The Gebeloff Law Group has created a debt recovery program that could save companies money. AttorneyDemandLetters.com was designed to allow a credit manager to put the power of their final demand for payment with a debt collection attorney for a low flat fee. There is also an option to have a debt collection lawyer make a phone call to the debtor to make final demand for payment of your company’s money.
Collection Demand Letter
AttorneyDemandLetters.com allows clients to test the temperature of their chances for collection of past due accounts without having to pay a collection agency a contingent collection fee. Our attorneys will draft a demand letter for payment. The chances that a debtor will respond to an attorney demand letter for payment rather than a letter from a collection agency are obvious. The demand letter from an attorney stresses the urgency that your customer make immediate arrangements for payment with your company. Of course, our debt collection law firm is able to provide full debt collection litigation services in the event the debtor does not respond favorably to the attorney demand letter for payment of the money due to your company.
The Gebeloff Law Group would be happy to discuss all of your debt collection needs. Together we can devise a debt collection strategy that is just right for your company’s debt collection needs.