Debt Collection Agencies vs. Attorneys: Which is the Better Choice for Nationwide Debt Collection?

Debt Collection Agencies vs. Attorneys: Which is the Better Choice for Nationwide Debt Collection?

It can be frustrating and time-consuming if you’re struggling to collect a debt owed to you. In many cases, hiring a debt collection attorney to help you manage the debt may be worth considering. Debt-collecting agencies may be a more familiar option, but there are advantages to working with an attorney instead.

At National Collection Lawyers, we are nationwide debt collection attorneys specializing in commercial and consumer debt collection. Our team of experienced attorneys can help you collect the debt owed to you. In this article, we’ll explain the benefits of working with an attorney instead of a debt-collecting agency and provide some fictional examples of how an attorney can help in specific situations where debt-collecting agencies can’t.

Why Choose National Collection Lawyers?

Before we delve into the differences between debt collection agencies and attorneys, we’d like to tell you more about our law firm. Our team has years of experience handling debt collection cases in and out of court. We pride ourselves on providing personalized attention to each client and creating custom strategies that meet their needs. We’d love to hear from you if you want a national debt-collecting attorney.

We’re also committed to providing exceptional customer service. We believe in clear communication and transparency, and we’ll keep you informed every step of the way. When you work with National Collection Lawyers, you can expect the following:

i. Proactive debt collection strategies that get results
ii. Dedicated attorneys who are invested in your success
iii. Personalized service that fits the needs of your business
iv. Transparent communication throughout the debt collecting process
v. A contingency fee basis that ensures you only pay if we collect the debt

Benefits of Working with a Debt Collection Attorney

1. Legal Expertise
One of the most significant benefits of working with an attorney is their legal expertise. The collection agencies are typically not licensed attorneys, meaning they have different legal knowledge and expertise than attorneys. The collection attorneys can provide legal guidance and representation in court if necessary. They can also help businesses understand their legal rights and obligations regarding debt collection.

2. More Personalized Attention
The collection agencies often handle a high volume of cases, which can lead to a lack of personalized attention. On the other hand, attorneys typically handle fewer cases and can provide more personalized attention to each client. This can be especially beneficial if you have a complex issue or must navigate legal obstacles.

3. Customized Collection of Debt Strategies
The collection agencies often use a one-size-fits-all approach to the collection of debt. However, collection attorneys can create a customized collection of debt strategies tailored to each client’s needs. For example, if a business has a long-standing relationship with a customer, an attorney may recommend a softer approach to the collection of debt to maintain that relationship. In contrast, a collection agency may use aggressive tactics that could damage the business’s reputation.

4. Legal Protection
Working with a debt-collecting attorney can also provide legal protection for businesses. Debt-collecting agencies are regulated by the Fair Debt Collection Practices Act (FDCPA). However, debt-collecting attorneys are also bound by legal and ethical standards and can be held accountable for violations. By working with a debt-collecting attorney, businesses can protect themselves from any legal risks associated with debt collection.

5. Higher Recovery Rates
Debt-collecting attorneys generally have higher recovery rates than debt-collecting agencies. This is because attorneys have legal expertise and can take legal action against debtors if necessary. Additionally, debt-collecting agencies may need more resources and may be unable to pursue all debts aggressively. In contrast, a debt-collecting law firm like National Collection Lawyers has the resources and legal knowledge to follow even the most challenging debt collections.

6. More Tools at Their Disposal
Debt-collecting agencies often need more tools to manage debt. They may send letters, make phone calls, or take legal action, but that’s usually where their abilities end. On the other hand, attorneys have a more comprehensive range of tools at their disposal. They can file a lawsuit, obtain a judgment, garnish wages or bank accounts, and take other legal actions to collect the debt.

Examples of How Attorneys Can Help in Specific Situations

In several situations, debt-collecting agencies may be unable to help businesses recover their debts. In these situations, nationwide debt-collecting attorneys can offer their expertise. Here are some examples:

1. The Debtor is Being Unresponsive
If you’ve tried to contact the debtor multiple times and they’re not responding, an attorney can help. They can send a demand letter on your behalf, which may be more effective than a letter from a debt-collecting agency. If the debtor still doesn’t respond, the attorney can file a lawsuit to obtain a judgment.

2. The Debtor is Disputing the Debt
If the debtor is disputing the debt, an attorney can help you navigate the legal process. They can review your documentation and guide how to proceed. If necessary, they can file a lawsuit to obtain a judgment.

3. An International debt collection
Collecting debts from international debtors can be challenging for debt-collecting agencies, as there may be language and cultural barriers to overcome. Debt-collecting attorneys can help businesses collect international debts by working with local lawyers and using their legal expertise to navigate the complexities of global debt collection.

4. Bankruptcies
When debtors file for bankruptcy, debt collecting agencies may be unable to collect the debt. Debt-collecting attorneys can help businesses navigate bankruptcy and recover debts from bankrupt debtors. They can also represent businesses in bankruptcy court and help them protect their rights as creditors.

5. When the debt is large and or complex
A debt-collecting attorney can provide the legal expertise to navigate the situation effectively if the debt is significant or involves multiple parties.

6. When negotiations have failed
If you’ve tried negotiating with the debtor and haven’t been successful, an attorney can take legal action to recover your debt.

At National Collection Lawyers, our team of national debt collecting attorneys has extensive experience in both commercial and consumer collection of debt. We pride ourselves on offering personalized service and customized strategies for collecting debts. If you’re looking for a team of attorneys dedicated to helping you manage your debts, why not choose us? Please contact us today at our website to book a free consultation with our team.