Whether you are an individual attorney or represent a law firm, you have probably dealt with clients who owe you money. If your law firm’s efforts to recover legal fees have failed, you better hire a professional debt collector or collection agency. Hiring a professional debt collection agency will definitely save you time and help you concentrate on important tasks.
Below are some tips and advice on how to choose a debt collector or collection agency wisely. Let’s begin!
Tip # 1: Choose a specialized debt collection agency: Debt collection agencies specialize in certain areas. Each industry has its own set of systems, rules, regulations, and terminology, so choosing an agency with experience in your specific field is crucially important.
Tip # 2: Verify that the small business collection agency is licensed to collect debt in all 50 states and if it practices skip tracing: If a collection agency is not licensed in all 50 states, it may not be able to perform skip tracing, aka track a debtor using databases in case he or she moves away without leaving an address or a phone number.
Tip #3: Find out if the debt collection agency carries Errors and Omissions Liability Insurance. An agency that violates the Fair Debt Collections Practices Act can get you involved in a lawsuit. This insurance will protect you from lawsuits in case the debtor decides to sue the collection agency if they are being treated unfairly under the Fair Debt Collections Practices Act (FDCPA).
Tip #4: Google, Google, and again Google: In order to find out if the agency or the debt collector you want to hire has a good reputation, simply do an internet search. Also, don’t forget to check the company’s Better Business Bureau record and rating. If anyone has made a formal complaint against the company, this information will be available on the Better Business Bureau.
Tip #5: Hire a debt collector with the FREE directory by AppearMe: Our Directory allows attorneys and law firms to gain access to more than 10.000 litigation support specialists from any device at any time. Our real-time and on-demand web and mobile application makes it easy, fast, and affordable for you to hire a debt collector. To get started:
- download the app for FREE from the App Store or Google Play or visit our website to create an account
- select the service type
- browse and view the detailed profiles and choose the debt collector who best fits your needs
For more information, please send an email to [email protected]. To reach us by phone, dial (888) 900-3080.