If your own efforts at communication fail to achieve results, hire an attorney who specializes in collections to send letters, emails, or even make calls to your customer. By taking this serious step you are demonstrating to your client that you take the matter very seriously, and that you are potentially willing to take all legal steps necessary to collect money owed, including going to court.
You would know best when to hire a collections attorney, and it is always important to consider the matter very carefully. Your decision to hire an attorney may be influenced by how past due your accounts receivables are, or you may need the assistance of an attorney to handle your collections so that you can concentrate on conducting business rather than expending precious time on collections efforts.
When hiring a collections attorney keep in mind that you are not hiring a collection agency. Where a collection agency is focused solely on collecting a debt, the role of a collections attorney must be to serve your broader business interests. In other words, a collections attorney should work to facilitate a healthy continuity of the business relationship with your customer. As such, be sure to hire an attorney who has a reputation for professionalism and positive results, and steer clear of attorneys who employ aggressive or adversarial tactics in their approach.
In a previous article titled When To Hire A Lawyer Or Collection Agency To Collect Debt we mentioned that lawyers who specialize in debt collection can be more effective than a collection agency, especially if the debt is serious enough to warrant legal action. We cautioned against going to a collection agency first and then hiring an attorney later because it is by far the most expensive scenario.
The Jayaram Law routinely and successfully assists its clients in their business-to-business (b2b) collection needs. We take pride in obtaining payment on accounts receivables without fracturing critical business relationships or engaging in time-consuming and costly litigation efforts.
If you need business debt collection services conducted in a professional manner, contact our B2B (business-to-business) debt collection law firm by calling 312.454.2859 or visiting www.jayaramlaw.com.