As a business, you must collect your debts. This is an integral part of owning a business, as this is the profit that you are expecting. One step you can take to help collect outstanding business debts is to contact a lien attorney. There are a few reasons to go with them when you need to collect.
A Lien Attorney Understands the Laws
There are many laws to think about when it comes to debt collection. It is not a simple process. And, unless you have the time to learn the law inside and out, it is best left to the professionals. They will look at each case to determine what the appropriate course of action is. This will ensure that you get the best return.
They Provide the Best Counsel
The best reason to go with a lien attorney is that they offer the best advice. They have studied the law and understand its intricate nature. And when you choose an attorney who specializes in debt collection, you will get the best advice on how to collect your debts.
Save Yourself Time & Money
Another thing to consider when collecting debts is that a lien lawyer will be able to save you time and money. This is because they understand what you need to do in order to collect the debt. They can take care of it in a minimal amount of time, and you will see a more significant percentage of debtors pay their accounts. When you add up the amount that you would have to pay your employees to handle this and the percentage of paid accounts, you will see that it is much more beneficial to have an attorney handle this for you. Also, it will not cost you as much as you think to have a lawyer take on the case.
Get a Judgement Against Your Debtor
When it comes to hiring a lien attorney, it is definitely worth the investment. They will be able to, at the very minimum, get a court judgment stating that you are entitled to payment. This will allow you to put a lien on the person and have a judgment against them.
Many people are under the false notion that this has no value. The truth is that it is beneficial in many ways. You will find that putting a lien on someone may mean that they must pay it off before certain things can happen. The debtor would need to pay the lien before buying a house or even possibly getting a driver’s license. It will also affect their credit score; so, if they want to improve their credit, they must pay this off. Along with this, it is often something that can be paid off or put on a payment arrangement if the person goes through bankruptcy.
Debt Collection with Howe & Associates
There are many reasons to call a lien attorney instead of going with a debt collection company or trying to do the collections on your own. Remember that a letter from an attorney will always seem more authoritative than the one you do yourself or even one from a debt collection company. Contact Howe & Associates today to get started on collecting outstanding debts.