When you need the help of a debt collection companies in Arizona, you probably wouldn’t consider hiring a law firm. However, hiring a law firm to act as your debt collection companies in Arizona is a very smart idea. There are some excellent reasons why.
When Debtors See the Law Firm’s Letterhead on the Demand Letters, They Get Nervous and Pay Up
Not every debtor is going to pay when the law firm’s letterhead shows up in the mail, but a large majority will. Recognizing that a lawyer is now involved with their debt, debtors try to take action to avoid having negative information on the public record. The public record of debt in a collection can kill a credit score in a hurry. So, debtors will attempt to resolve the matter with you directly.
The Lawyer Handling Your Collection Can Sue Debtors Who Refuse to Pay
Any debt companies can attempt to collect money owed to you, but only law firms acting as debt collectors can sue your debtors. You have legal reinforcements and options waiting in the wings when the law firm is working on your collection actions. You don’t have that when you hire run-of-the-mill collection companies.
When you hire just standard collection companies, you will still need to hire a lawyer if you pursue legal action against your debtors. That can get quite costly when you are paying two separate entities to recoup your money. Hire the law firm from the start.
