Why use a law firm that specializes in collections instead of a collection agency?
||Lowers your contingency fee rate.
||Allows you to cut out the agency middle man to collect swiftly.
||Allows you to maintain a good rapport with your customers and clients.
||A letter from an attorney lets debtors know that you are serious about collecting the debt, and that swift action is imminent if the debt is not resolved.
||Using an attorney is more cost effective than pursuing the debtor internally, thereby freeing up your available resources to service valuable clients.
||Collection agencies cannot initiate litigation or threaten to litigate. Valuable collection time is lost when an agency must forward claims to an attorney when court enforcement becomes the only alternative. Studies confirm that prompt action ensures the greatest recovery rate, and anything that interfers with or delays the collection process greatly diminishes the likelihood of collecting the debt.
||Contact from a law office has a much greater impact on even the most habitual debtor. Attorney involvement is difficult to ignore, and can mean serious consequences that most debtors want to avoid.