How Do I Know If I Need a Debt Collection Attorney?

A debt collection attorney can help and represent you, whether you are a creditor or a debtor. While you may think you can collect your payment from your debtor by simply asking for it, the process is never that easy. If this is your first time seeking payment, you may not realize just how tedious the judgment collection process can become. 

If your debtor is making it hard for you to recover the judgment money, you may want to hire an attorney. An attorney can come up with tried and tested strategies to get your money. They can also handle complex paperwork so that you can focus on other important things in your life. Speak to a New York collection attorney today. 

What does a debt collection attorney do, and do you need one?

When someone owes you money that you badly need, the last thing on your mind may be hiring the services of an attorney and adding the burden of attorney fees over your shoulders. However, hiring an attorney will allow you to collect the money in much less time and with much lesser effort. Moreover, you would not need to worry about the fees because most of them are willing to work on a contingency fee basis. 

Here are some signs that you need a debt collection attorney: 

  • The debtor is not making payments on time.
  • The due date has passed long before.
  • The debtor is unresponsive to your phone calls and emails.
  • You are unable to focus on your business or work because of being involved in the collection process. 

If the debtor cannot pay back the entire amount at once, a debt collection attorney will be able to figure out a suitable repayment plan that works for both parties. 

Should you go for a collection agency or an attorney?

While both options have their own pros and cons, it is recommended to go for an attorney rather than an agency. This is because a collection attorney is likelier to follow the rules and regulations and is subject to ethics and professionalism. There are certain legal penalties for improperly handling a debt. 

Moreover, attorneys use several collection tools that agencies do not, making the process much easier. Additionally, agencies are not allowed to make any kind of threats to the debtor, including the threat of a lawsuit. On the other hand, attorneys can legally send a demand letter threatening to file a lawsuit upon nonpayment. 

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