agencies for collection of debt

Date April 3, 2016

Collection Agencies and Collection Departments Utilizing Debt Collection Book

Our EBook Collecting Account Receivables has been getting very positive feedback. Our commercial debt collection clients have told us that they downloaded the book and have had their accounting staff read it. The book helps creditors set up internal debt collection strategies. Discussed is also the difference between a collection agency and a debt collection law firm. Collection attorneys can provide debt recovery services that commercial collection agencies are not able to provide legally.

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Collecting your money-Debt collection methods

Guide to Internal Debt Collection Procedures

Collection Agencies Hire Collection Attorneys

Collection agencies are limited to making phone calls and sending demand letters for payment. Collection agencies cannot file a law suit, take depositions in aid of execution or garnish bank accounts to seize assets once a judgment is obtained. Obtaining a judgment is not the hard part if a debt is justly owed. It is how you collect on a judgment. A collection agency is not licensed to practice law and must retain a collection lawyer to implement a litigation strategy to collect on accounts. Collection agencies when forwarding a debt collection case to a collection attorney typically will charge their client’s a higher contingent fee because they have to charge a fee on top of the collection lawyer’s fee. Many credit managers realize that when it is apparent customer is not paying, it makes sense to retain a debt collection law firm rather than a collection agency. Not only will the credit manager save money but, putting the power of an attorney behind your demand for payment is more effective.

Collection agencies serve a purpose when there is a high volume of cases with relatively small balances to collect. We invite you to contact our commercial debt collection law firm to discuss the differences between utilizing a collection agency or forwarding your commercial collection accounts directly to a collection attorney.

Collection Attorney Demand Letter

Date May 3, 2015

Posted by gebeloff

Collection Attorney Demand Letter

The collection attorney demand letter in a debt collection case is an important tool to the debt collection law firm, debt collection attorneys-lawyers and the creditor who is attempting collection on its past due receivable. The collection attorney demand letter typically is the first communication a debtor receives from a debt collection law firm. The collection attorney-lawyer sets forth the creditors’ position and entitlement to payment on past due debt.

Attorney Demand Letters

The collection attorney demand letter drafted by one our collection attorneys-lawyers is sometimes all that is needed to have a debtor call our debt collection law firm to make arrangements for payment of the outstanding receivable. Other times, the collection attorney demand letter is returned by the postmaster as non-deliverable. This helps our collection attorneys-lawyers establish whether the debtor has simply relocated or if the debtor may have closed its doors. Our collection attorneys after verifying if the debtor is still in business will reissue the collection attorney demand letter.

If the debtor is still operating and there is not a positive response to the collection attorney demand letter and the ensuing debt collection phone calls made by our debt collection attorneys-lawyers, our debt collection law firm will discuss taking further legal action to attempt collection of a creditors account receivable.

Our debt collection law firm can customize the attorney demand letter to be industry specific. Please feel free to call our debt collection firm and ask to speak to one of our debt collection lawyers-attorneys about setting up a debt collection strategy and sending a collection attorney demand letter to your customer.

Attorney Demand Letter

Date April 24, 2015

Posted by gebeloff

Attorney Demand Letter Service for the Collection Industry

The Gebeloff Law Group is excited to announce a new attorney demand collection letter service to creditors. The attorney demand letter service allows creditors to place debt collection claims initially at a flat rate fee rather than being obligated to pay a contingency fee for debt collection. The concept is to send the attorney demand letter to a debtor and to inform the debtor that this is their last chance to make payment arrangements on past due receivables.

Attorney Demand Letter

If collection of money due to your company does not result from the attorney demand letter, our collection attorney will consult with our collection client and decide if they would like to place the claim for debt collection litigation. The concept of the debt collection attorney demand letter program is save companies money. Rather than a creditor paying a contingency fee , sometimes a debtor just may need the final push of an attorney demand collection letter and a phone call from a collection lawyer to get the debtor to pay your company money due and owing.

To place an attorney demand letter our collection clients can visit our web site attorneydemandletters.com. Once they are on the attorney demand letter site, there will be instructions on how to submit a claim for our collection attorney demand letter service. If a client feels that a collection attorney demand letter most likely will not be enough to persuade a debtor to pay their outstand account, the debt collection client can also place the debt collection account for litigation with our debt collection law firm.

For more information on the attorney demand letter debt collection program, our clients can visit our website or call our collection firm to discuss the attorney demand letter program. Together, working with our collection attorneys, a debt collection client can determine if the attorney demand collection letter program is the right approach to collect their money.