If you’re currently trying to collect on a debt, it’s likely that you’ve also considered working with a debt collection agency. While both collection agencies and law firms can help you collect unpaid debts, there are significant differences between the two – many of which can directly impact your odds of success.
To collect unpaid debt, a debt collection agency will typically engage in a series of phone calls and letters to pressure the individual or business into meeting their financial obligation.
However, if debts continue to go unpaid, the agency must eventually resort to legal representation. In some cases, this process can take a significant period of times and may still result in financial loss.
Conversely, by working with a debt collection attorney such as ours, you can begin the legal proceedings immediately; an action that often allows the debtor to recognize the potentially serious consequences of ongoing delinquency, sometimes well before a civil judgment.
Compliance with Debtor and Creditor Rights
The agreement between a creditor and a debtor is one rift with complex laws that are designed to protect the rights of each party. Unfortunately, not all debt-collection efforts are executed in compliance with policies as outlined by the Consumer Financial Protection Bureau, the Federal Trade Commission (FTC), or other governing bodies.
For that reason, the Law Offices of Michael C. Murphy also represent the debtors who have had their rights violated by a creditor or debt collection agency that has failed to follow the rules and regulations as they pertain to collections.
Further, because we are well versed in debt collection law, we can work with creditors to ensure that they meet all legal requirements associated with debt collections. This includes the preparation and issuance of a Demand Letter.
Regardless of what circumstances have led you to seek a debt collection attorney in Los Angeles or Ventura counties, we will help lead you through what can be a complex process, and help you receive the justice and financial resolution that you are legally entitled.
Receive Your Free Consultation
If you’re considering taking legal action against a debtor or creditor, then we urge you to contact us today to begin the process. All potential new clients will receive a free initial case evaluation, at which point we can discuss your rights and potential paths towards resolution.
Find out how we can help you by calling our Los Angeles office at 818-558-3718 or our Ventura office at 805-494-8929. Or, sign up for a free consultation online or contact us online at our Los Angeles or Ventura offices.
We look forward to hearing from you and hope to help you resolve your debt collection concerns.
The collection of a debt owed is a fundamental phase in any financial agreement, and failure to do so can have long-term fiscal implications. At the Law Offices of Michael C. Murphy, we want to make sure your debt cases are handled quickly and efficiently.
