Florham Park Debt Collection Attorney
At Snellings Law LLC, we work with financial and lending institutions throughout the country to help collect from debtors that own assets or reside in New Jersey. Our clients, which include banks and other corporations, depend on us to recover their debt. You can trust a Florham Park debt collection attorney to provide your corporation with sound advice on these matters.
Collecting Delinquent Debts
As codified in New Jersey law, creditors must initiate action on delinquent accounts within a specific time frame or risk losing their legal rights. Moreover, creditors have an obligation to abide the rules outlined in the Fair Debt Collections Practices Act (“FDCPA”). Creditors who do not follow these legal requirements may face harsh penalties. Because the law imposes strict requirements on when and how you may attempt to collect your debt, it is critical that you hire an experienced Florham Park debt collection attorney.
Initially, our attorneys will typically draft a demand letter seeking immediate payment of the debtor’s outstanding balance. If the debtor fails to respond to this demand, we will file a collections lawsuit on your behalf. From the movement that your lawsuit begins, we will carefully guide you through the litigation process and help ensure that you prevail. After the successful completion of your case, a Florham Park debt collection attorney can also assist you in enforcing the court’s judgment.
Despite advances in technology that have decreased the number of bad checks, individuals and entities continue to face this issue. By using the term “bad check,” we are referring to situations where a stop payment has been placed on the check before it clears or where there are not sufficient funds to process the check. As a consequence of trying to deposit a bad check, you not only lose out on the value of the check, but you may also be assessed fines and penalties by your bank. A Florham Park debt collection attorneys can help you recover any losses incurred as a result of a bad check.
Default Loan Collections
When an institution provides you with a loan, it will either be secured or unsecured. With a secured loan, the borrower provides an asset as collateral that may be repossessed upon default. In contrast, an unsecured loan is not collateralized and is solely supported by the borrower’s promise to repay the loan. While lenders have rights to enforce an unsecured loan, there are no assets for them to obtain if the borrower defaults. A Florham Park debt collection attorney can assist you in recovering debts associated with either secured or unsecured loans.
Providing Clients With Comprehensive Representation
Our Florham Park debt collection attorneys can provide you assistance in collecting a host of different debts. These include debts associated with credit cards, medical bills, student loans, and car loans. To help you recover your debt, we take a wide-range of different actions, such as:
- Writing demand letters to debtors seeking immediate payment
- Pursuing legal action in the appropriate state or federal court
- Negotiating a settlement
- Obtaining and enforcing judgments
We are also capable of enforcing out-of-state judgments against persons with property in New Jersey (“foreign judgments”). We are very familiar with foreign judgments and can help you pursue any related collections.
Contact a Florham Park Debt Collection Attorney Today
Contact Snellings Law LLC today at (973) 828-8145 to speak with an experienced Florham Park debt collection attorney.