Many people do not think much about working with lawyers until they need one. An experienced attorney can be your biggest advocate when you face legal issues or when your interests are at stake. When it comes to financial matters, lawyers can provide valuable insight and representation. Debt collection attorneys can work on the side of both debtors and collection companies, as a bankruptcy lawyer, like from Chorches Bankruptcy Law, can explain. Regardless of whether you owe many to a creditor or whether you have been charged with collecting the debt, consider consulting a lawyer.
Making the Debt More Manageable for Debtors
While some people shirk their responsibilities and ignore the need to repay debts, other people get behind on bills due to extraordinary circumstances. A sudden job loss or unexpected drop in pay, as well as medical problems and other emergencies, can make it difficult to keep up with financial demands. A collections attorney can work on your behalf to negotiate your debt payments to collections agencies or creditors. If you haven’t had success modifying your payment agreements, let an attorney help. Experienced lawyers can work with companies to lower your payments, extend due dates or even forgive portions of the debt.
Sometimes, an attorney may be called to help settle debt disputes. The lawyer may represent either the collections company or the individual. The attorney may spot ways in which companies have illegally assessed fees or where they haven’t been reasonable with their demands. The lawyer could also have success in connecting with customers and convincing them to get their accounts current where the collections company has fallen short.
Advising on Whether to Sue
In the most serious collections cases, lawsuits may be necessary. Creditors could use a collections attorney to determine whether it makes sense to start litigation against a delinquent debtor. Conversely, you, as the debtor, may pursue legal action against a creditor if you feel as though the company has engaged in harassment or other unethical or illegal practices. A collections attorney has the knowledge and training to know whether your case has merit. The lawyer may recommend taking the case to court or whether credit counseling or other methods would be more effective for either party.
If you are struggling with debt, or if you are having difficulties collecting from delinquent customers, contact a collections attorney. This professional can take the necessary steps to help you achieve your goals and overcome the barriers you are facing.