At Snellings Law LLC, our Roseland debt collection attorney can assist creditors in the United States seeking to collect debts from individuals that reside or have property in the State of New Jersey. We are well aware of various rules that creditors must follow when collecting a debt and the rights creditors have under the law. Call us today to speak with an experienced attorney who can guide you through the process of recovering your debt.
Methods of Debt Collection
Our attorneys use a wide range of techniques to help you collect any outstanding debts, including:
- Drafting a letter to the debtor demanding prompt payment
- Initiating a lawsuit in the appropriate New Jersey court
- Participating in settlement negotiations
- Enforcing a pre-existing judgment
When a person attempts to deposit a check, but there are not sufficient monies in the account to complete the transaction, the check is considered “bad.” If you attempt to deposit a bad check, you will be denied access to any money from the check. You will also likely be charged a penalty or fee by your bank. A Roseland debt collection attorney can help you obtain the value of the check and recover any other losses that you may have suffered.
Credit Card Delinquency
In the State of New Jersey, creditors have a specific period of time to collect outstanding credit card debt. Our Roseland debt collection attorney understands these time limitations. We can help ensure that you are able to recoup your debt.
To recover credit card debt, we rely on a variety of different strategies, including the following:
- Communicating a demand for immediate payment
- Filing a lawsuit in a New Jersey court
- Discussing the prospects of settlement
- Engaging in post-judgment enforcement actions
Under New Jersey law, creditors seeking to pursue post-judgment enforcement actions may use different mechanisms to collect a debt, including:
- Garnishing wages
- Filing a property lien, and
- Repossessing collateral used to secure the debt (i.e., replevin).
Despite the confusing name, foreign judgments merely concern the enforcement of out-of-state judgments against a person who has assets in New Jersey. For example, if you are a creditor in Pennsylvania trying to collect a debt from a person with property in New Jersey, you will likely be dealing with a foreign judgment. Our Roseland debt collection attorney has a wealth of experience with foreign judgments. We can guide you through the process of enforcing a foreign judgment against a debtor.
A loan will either be secured or unsecured. Where a loan is secured, the debtor is required to pledge collateral for the loan. If a debtor defaults on a secured loan, you have the right to take possession of the assets or property that they used as collateral. Unfortunately, this remedy is not available where the debtor defaults on an unsecured loan, such as with credit card debts or student loans. Nevertheless, creditors have the right to take other legal actions to ensure that they can recover their unsecured loan debt. A Roseland debt collection attorney can help you collect debts that relate to either secured or unsecured loans.
Credit Extension Default
A debtor will often obtain a credit extension through a personal guarantee on a loan, a promissory note, or a letter of credit. When a debtor receives such an extension but fails to make the required payments, you may need to take legal action. A Roseland debt collection attorney can help you take the appropriate steps to recover this type of debt.
Contact a Roseland Debt Collection Attorney
Contact Snellings Law LLC today at (973) 265-6100 to speak with a Roseland debt collection attorney.