5 ways to collect a debt and get your money back Summary

There are 5 main ways to approach debt collection.

  • Small Claims Court
  • Mediation
  • Arbitration
  • Collection Agencies
  • Credit Action

It does not matter which way you will choose, you will need to know just how far to take things. For instance, although many people may plead poverty outside the courtroom, take into close consideration what they say on the legal record. You will get a clear suggestion of just how much money the other party actually has and whether you should go after the full sum or not. If there is indication of sufficient belongings, chase your fair share. Nevertheless, if legal papers show little in the way of funds and an ex-client of yours offers you 50 cents on the dollar, it might be wise to take whatever you can get.

It is also very important to know when to bring in an attorney. For example, if the money you are fighting about is considerable, something like beyond the purview of your state's small-claims guidelines then an attorney might be worth the extra cost. Likewise, pay attention to your opposite number's outlook, particularly if there is a large sum of money at stake

Marcadis Singer, PA stands ready to assist you in all of your debt collection needs in Florida.

Marcadis Singer, PA
Debt Collection Attorneys
Florida
Serving:
Fort Lauderdale Debt Collection Attorney

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