Reading this article will teach you when and why you need a Miami debt collection lawyer.
Times have been tough, we all know that. Been there done that. The economy has thrown many business plans and transactions for a loop. Often this meant broken promises and non-payment. As a business, you took your lumps but often could do nothing about it. The debtors got a free pass. You had bigger problems of your own like surviving the Great Recession and making payroll. Fortunately times are better and now it is time to revoke that free pass and get what is owed to you.
Florida Debt Collection
Let’s be honest, there is nothing easy about debt collection. Any one that tells you this is easy work or guarantees you a result is a charlatan. Separating a person from their money is harder than almost anything out there. People will stop at nothing to frustrate you and not to pay. And why not, this means they got something for free from you.
The Do Nothing Lose All Approach
The choice is clear. You can do absolutely nothing and you are ensured of your result which is a total loss. Nothing less and nothing more. Show me a person that voluntarily pays a bad debt without a request and I will show you a unicorn. The total loss can be written off as bad business or a lesson learned. The only problem is bad business and lessons do not pay bills or replace the product or services you rendered.
Debt Collection Company Approach
The second choice is to pursue debt collection with a debt collection company. Debt collection companies work on a percentage basis meaning they keep a portion of your money they collect. That is the best case scenario. That can cost you up to 50% of what you are owed. If they collect nothing then you owe nothing. This seems like debt collectors work for free and many people feel this is a good deal. Why would you weigh this negative and most likely outcome as a good deal? Remember, debt collectors have a limited arsenal at their disposal such as calling and pestering debtors with lots of form letters. By law a debt collection company cannot do much more as they are not lawyers. The problem is debtors become immune to these tactics quickly like insects to repellent. At that point, the calls and collection letters are recognized for what they are and are ignored. Often that leaves you in the same position as you started but just months or years later with no results. You are worse off since the chance for recovery has been shown to lower with each passing day you do not take collection action.
Hire a Florida Debt Collection Lawyer
That leaves us with the final choice. Hire a debt collection lawyer. Unlike a debt collection company, a debt collection lawyer can take your debtor to task in court. Instead of telephone calls and dunning letters, a collection lawyer uses a lawsuit, subpoena, deposition, trial and final judgment as his tools. These tools can be very effective in recovering funds on your behalf. A resulting final judgment will allow the debt collection attorney to levy upon the debtor’s assets or seize the debtor’s bank accounts or wages through garnishment. If this does not work, then nothing will as no debt collector has any power greater than this. All you have to ask yourself is who puts you in the better position to recover your funds, which is the ultimate goal.
Hiring a debt collection lawyer need not be scary. Think of us as a possible solution to your problem and not a dental visit. The idea here to come up with an affordable and sensible budget you control to maximize your recovery. This is not an endless money pit. You are in control of that budget and decide if and when to stop the case. Our job is to put you in the best possible position to recover what you are owed. Not every case can be won, that much is clear, but it is equally clear that no case can be won if you do not try.
If you have a Florida debt collection case, please contact us to arrange for a consultation to see how a Miami Debt Collection Lawyer can help you. We have been doing this for over twenty-years and in that time there has been little that we have not already seen. By consulting with us, you have nothing to lose but everything to gain.
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