Morristown Debt Collection Attorney
If your debtor resides in or holds assets in New Jersey, our Morristown debt collection attorney can help you secure any outstanding debt. At Snellings Law LLC we can provide litigation for every type of debt collection claim we receive. Whether you’re a small business or large corporation, our seasoned legal team will work hard to collect the debt you’re owed. Contact us today.
When to Hire a Morristown Debt Collection Attorney
If your business has a large amount of outstanding accounts, and your internal collection methods aren’t successful, consider contacting a Morristown debt collection attorney. When customers refuse to pay their debts, your business may encounter a cash flow issue. Instead of dealing with these delinquent customers on your own, get the help you need.
Our experienced attorneys can employ various collection strategies against outstanding accounts. We not only utilize multi-communication methods, but we also can take legal action to encourage your debtors to pay. Often, even just a demand letter or phone call from an attorney can motivate individuals to pay their debts.
The New Jersey Fair Debt Collection Act
The Federal Trade Commission enforces a set of laws through the Fair Debt Collection Act. The FDCA, which protects consumer’s rights, bind agencies to a set of rules during debt collection. But what happens if a creditor violates one of the laws in the Fair Debt Collection Act?
Any debt collection practice that violates the FDCA and the court perceives as predatory can lead to a lawsuit. Your Morristown debt collection attorney will provide protection against the FTC and collect debts in methods that adhere to the FDCA.
We Can Help You With Debt Collection Matters
Our knowledgeable legal team provides effective representation for creditors. We can help you recoup your losses in the following ways:
- Crafting effective debt collection strategies
- Filing lawsuits in appropriate courts
- Issuing demand letters for payment
- Imposing all post-judgment rulings
- Examining prospective settlements
We can also help you secure the following types of debts:
Securing Defaulted Loans
When a debtor fails to make regular payments on their loan, that loan is considered defaulted. Recovering debt from defaulted loans depends on whether the loan is either secured or unsecured. A secured loan is when a debtor must provide collateral in order to obtain that loan. If your debtor defaults on a secured loan, you can legally repossess any assets pledged as collateral. In comparison, an unsecured loan is when a debtor is not required to provide collateral to obtain that loan. This type of debt is harder to collect than secured debt. Whether you’re collecting secured or unsecured debt, your Morristown debt collection attorney will help you reach a favorable outcome.
Collecting Bad Checks
Even in the 21st century, bad checks are still an issue all creditors must deal with. A bad check is a check in which an individual writes without sufficient funds in their account or when they issue a stop payment. Creditors cannot collect the value of the check because banks block bad checks. Often, banks will even charge a penalty or fee if a bad check is deposited. A seasoned Morristown debt collection lawyer will help you recover the entire value of the check, as well as mitigate bank penalties or fees.
Speak to a Morristown Debt Collection Attorney Today
Whether the debt you’re looking to collect is related to student loans, credit cards, medical bills, or mortgages, we are here to help. We can also enforce any foreign judgments if your debtor owns property in New Jersey. Speak with an experienced Morristown debt collection attorney at Snellings Law LLC today.