CreditorCollections, A Law Firm
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Options for creditors seeking to collect from debtors

When a person owes a debt, he or she is responsible for paying it. In the event that person does not pay, creditors may move forward with a few different options by which they can collect payment. One of these options includes securing the services of a third-party debt collection company.

Debt collectors have limits, and the Fair Debt Collections Practices Act protects the rights of consumers. Before you hire a debt collection company, you will find it beneficial to find out exactly what they can and cannot do on your behalf. Learning more about this process will help you have reasonable expectations and move forward with the course of action that makes the most sense for your company.

The limits of debt collectors

Before you hire a debt collector, there are steps you can take to attempt to collect the debt, including calling, sending notices and making attempts to contact the consumer. After a period of no response or continued refusal to pay, it may be helpful to move forward with hiring a debt collection company. Some of the things these companies can do on your behalf include the following:

  • They can continue to seek payment of the debt through phone calls, letters and other means.
  • If other means fail, debt collectors can file a lawsuit in order to collect on the debt.
  • Debt collectors can put the pressure on consumers to pay their debt, but they have to be careful how they do this.
  • Debt collectors may be able to negotiate with the consumer on a reasonable payment or payment schedule. 

Debt collectors cannot show up at a person's place of work demanding payment, nor can they harass a person in an attempt to get him or her to pay. They also cannot threaten arrest, threaten to harm a person or use offensive language.

Protecting the interests of your company

You understand the importance of protecting your rights as a creditor. Receiving payment is a critical part of securing the financial interests of your company, and you have the right to pursue all of the options available to you.

If you are interested in learning more about your rights or moving forward with hiring the services of a debt collection company, you may want to start by seeking legal counsel. When it comes to the well-being of your Florida company or organization, it is always prudent to have experienced legal guidance on your side.

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CreditorCollections, A Law Firm

West Palm Beach Office
200 Butler Street, Suite 307
West Palm Beach, FL 33407

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