If you have tried everything that you know of to resolve a debt issue then the only other option available is to put the debt in the hands of a professional, a lawyer that specializes in collecting outstanding debts.
Rather than immediately give the collection responsibility to a Las Vegas collection lawyer, some companies will try a debt collection agency. As an agency is limited in what actions it can take, in many cases they do the same as you have been doing; write letters and make phone calls but there is no doubt that they are more aggressive and efficient than in-house efforts.
Collection lawyers are more effective:
A typical collection agency may charge you as much as half the amount collected as a fee. A Las Vegas collection lawyer on the other hand charges a fee which in many cases is less than that charged by the collection agency. The legal fee is in addition to any costs associated with taking the debtor to court but, if you are not willing to pursue the action in court, why are you using a lawyer?
The cost of collecting on a debt depends on a great deal on the size of the debt and the difficulties encountered in collection.
The fact that a Las Vegas collection lawyer can take the debtor to court is the biggest single advantage to engaging their professional services. A collection agency cannot take a debtor to court, if court action is warranted; they must engage the services of a lawyer. This is by far the most expensive approach; giving the debt to an agency that then turns around and hires a lawyer.
It is always best to arrange a meeting with the lawyer before you turn the debt over for collection. As the creditor, you have a lot to say in the matter. It is always best if the issue can be settled out of court, but if legal action is needed, then you need a collection lawyer.
If all your efforts to collect an outstanding debt have failed then you should consider hiring a seasoned Las Vegas collection lawyer. You are invited to discuss your particular situation with the Law Office of Hayes & Welsh.
