In the first installment of this series, we began to unpack some of the most common concerns that judgment creditors may have when considering hiring a debt collection attorney. We, at Baner and Baner Law Firm, aim to reassure you that these worries, while valid, are often alleviated through expert guidance and professional support.
In Part 2, we will cover the next five debt collection concerns:
Low Recovery Chances: Some creditors fear that their debtor may have no assets or income to collect from. While this is a possibility, an experienced debt collection attorney can conduct a thorough investigation and use legal tools to discover assets you may not be aware of. Check out our article on timing collections for more information on the changes to recovery over time.
Legal Consequences: The fear of doing something wrong and facing legal consequences is common. With us, you can rest assured that we are well-versed in the laws and regulations of debt collection. We work to ensure all actions are legal, ethical, and above board.
Privacy Invasion: The process of debt collection often involves investigating the debtor’s financial situation. Some creditors worry that this might infringe on privacy. It's important to understand that all investigations we conduct are completely legal and respect privacy laws.
Increased Stress: Many people associate the debt collection process with added stress. While it can be challenging, part of our role as your attorney is to absorb this stress. In most circumstances you only need to determine the goal, and review the progress.
Communication Challenges: Dealing with a debtor, especially an uncooperative one, can be difficult. As your attorneys, we handle these communications for you, using our negotiation skills to reach the best possible outcome.
Addressing these concerns is part of our commitment to making your debt collection journey smoother and more successful. Remember, it's natural to have these concerns when facing debt collection, but with the right guidance and support, they become manageable.