DEBT COLLECTIONS

T here are very few things in life as rewarding as running your own business. Seeing your investments thrive and your hard work pay off is gratifying. But then, there’s another side to it. When your clients’ payments begin to stall, and the number of delinquent accounts starts to grow, what’s a business owner to do? 

Loaning money that isn’t repaid can be equally frustrating.

If you’ve already exhausted your internal collection strategies to no avail or maybe tried out the services of a collection agency only to be met with underwhelming results, then perhaps it’s time to seek out a debt collection attorney.

Why Hire Collection Lawyers

Not all debt collection situations are the same. This means that what worked for other creditors and businesses may not yield the same results for you. A collections lawyer, on the other hand, can create a more personalized debt collection approach that is a better fit for your predicament. Experienced debt recovery attorneys effectively gauge the strength of your position and take appropriate actions.

What really sets collection lawyers apart is the weight that their title holds. They can take the same approach as a collection agency but produce a different outcome. In many cases, a collection letter from an attorney may be all you need to collect the outstanding debt.

If, however, it becomes necessary to take the matter into court, a reputable collection attorney is an indispensable ally. A thorough and well laid-out point by point argument can win a judgment in your favor and launch a bevy of alternative methods to recover what is owed.

How Much Does A Debt Collection Lawyer Cost

Provident Law® takes a results-oriented approach and generally handles collection matters on a contingency fee of 33.33% so that the client isn’t responsible for any attorney’s fees unless and until the money is actually collected.

We recommend discussing the billing process with your collection lawyer early on.

A Learning Experience

Beyond debt collection services, a collection lawyer can also offer valuable insights on your rights as a creditor, about legally recovering debts, and how to avoid falling through the cracks. You can use these insights as a guide in restructuring your business culture and practices, which can hopefully decrease delinquencies and improve cash flow.

Debt Collection with Provident Lawyers

Provident Lawyers help lenders and other creditors collect what is owed in the most efficient of ways.

Our collection strategies include sending demand letters, phone calls, and persistent efforts to obtain recovery out of court. But when that does not yield the desired result, we quickly prosecute our collection cases and leverage powerful court remedies such as garnishment of wages (per Arizona law, creditors can typically garnish up to 25% of the debtor’s regular earnings), attaching bank accounts, and recording liens against real estate. We also subpoena debtors for judgment debtor’s examinations to uncover all non-exempt assets available for collection. Our collection attorneys and paralegals also renew any stale judgments.

Rest assured, our debt collection attorneys have decades of experience with collection matters. And as mentioned above, most collections can be handled on a contingency fee basis, so we do not get paid until you do.

If there are any collections related matters that you wish to discuss, please call.