Lincoln Park Debt Collection Attorney
Our seasoned Lincoln Park debt collection attorney at Snellings Law LLC can help you recover any debt you are owed. We fully understand creditor’s rights and the laws that govern debt collection. If you need help collecting outstanding debts, contact us today.
Our Debt Collection Methods
We will use the following debt collection methods to help you recover your debts:
- Crafting a demand for payment letter addressed to your debtor
- Filing a lawsuit in an appropriate and timely manner
- Conducting and participating in settlement negotiation
- Enforcing post-judgement rulings
With the above debt collection methods, your Lincoln Park debt collection attorney can help ensure that your debts are fully recovered.
Recovering “Bad” Checks
When a customer pays with a check from an account without insufficient funds or if they issue a “stop payment”, that check is considered “bad”. If you try to deposit a “bad” check, your bank can block you from receiving any money. Furthermore, most banks will charge you a penalty fee if you try to deposit any “bad” checks. Because of this, with the help of a Lincoln Park debt collection attorney, you can obtain the full value of a “bad” check, as well as minimize any bank penalty fees.
Collect Outstanding Credit Card Debt
Our knowledgeable Lincoln Park debt collection attorney fully understands New Jersey credit card debt collection laws. Within the limited time period for collecting credit card debt, our legal team can help you recoup your debt.
We will employ the following methods when collecting on credit card debt:
- Adamantly demanding payment from all debtors
- Filing effective lawsuits in the proper courts
- Analyzing any prospective settlements
- Imposing all post-judgment rulings
When enforcing post-judgment rulings, we can utilize the following strategies:
- Wage garnishment
- Repossessing collateral assets for securing debt
- Filing property lien
Out-of-State Judgement Enforcement
You can enforce out-of-state, or foreign, judgments if your debtor owns assets in New Jersey. For example, if you are a creditor in Texas, and your debtor owns property in New Jersey, the court can impose a foreign judgement. Your experienced Lincoln Park debt collection attorney can help ease the out-of-state judgement process in order to obtain a favorable outcome.
Collecting Both Secured and Unsecured Debt
If your debtor pledges collateral assets to obtain a loan, then their debt is considered secured. If that debtor defaults on their secured loan, you can legally repossess those collateral assets to recover your debt. Our attorneys can help you repossess those assets.
If your debtor did not have to pledge collateral assets to obtain a loan, then their debt is considered unsecured. Examples of unsecured debt include credit card debt or student loans. Recovering unsecured loan debt is more tricky than recovering secured loan debt. Our Lincoln Park debt collection attorney can help provide other legal action to collect unsecured loans.
Whether your loan is secured or unsecured, we will assist you in recovering your delinquent debts.
Defaulting on Credit Extensions
Through a letter of credit or a promissory note, a debtor may obtain an extension of their credit debt. Promissory notes are simply personal guarantees of loan repayment. However, sometimes debtors fail to make their required credit extension payments. When they fail to make their payments, you must attempt legal action against those debtors. Your Lincoln Park debt collection attorney will help you recover any credit extension default debt.
Consult a Lincoln Park Debt Collection Attorney Today
If you need to recover any form of debt from debtors that reside in or hold property in New Jersey, consult a Snellings Law LLC Lincoln Park debt collection attorney today.