Five Rules Every Commercial Collection Consultant Should Follow in Los Angeles
The debt collections industry boasts a worth of over $18,6 billion and rising. The catch is that debt collectors don’t get paid unless the debtor pays which explains why collectors have the reputation of being aggressive and unrelenting.
If you live in Los Angeles and are being harassed by a debt collection agency, it’s important to know that California law provides protection for you under certain circumstances. A Debt Collection Lawyer Los Angeles can help you.
What is Debt Collection?
Debt collection is defined as the process of an individual or entity pursuing payments of debts owned by businesses or individuals. A debt collection agency specializes in recovering payment. Most collectors are not the original debt holders but rather operate as agents of creditors and charge a percentage or a fee for the sum of the debt.
How Can a Debt Collection Attorney Los Angeles Help?
A Debt Collection Lawyer Los Angeles is an attorney who specializes in dealing with issues associated with debt collection. For example, when a credit card company files a claim against your outstanding balance, most people believe they are responsible for the full amount. With a LA Debt Collection Lawyer, hundred of cases are settled for little to nothing being paid.
It's wise to enlist the professional assistance of an attorney who has fought for scores of clients with outstanding results like the expert team at The Law Offices of Jacob Partiyeli.
Debt Collection Defined
When you neglect to pay a bill – be it a credit card bill, utility bill, insurance payment, or another debt, the creditor often writes the bill off as a loss and sells it to a third party. This generally takes place around 90-180 days after the bill was originally due but sometimes it happens much quicker.
Different collection agencies have their own regulations and guidelines. Some send follow the laws governing their actions to a tee while others ignore the rules entirely. If you are the victim to unlawful debt collection practices, an LA Debt Collection Lawyer can put a stop to the harassment and help you work the collection out in a more constructive and often times less expensive way.
Fair Debt Collection Act
One of the laws set in place to protect people from harassment by collection agencies is the Fair Debt Collection Act (FDCPA) – a federal law that sets limits on third-party debt collectors in their attempt to collect debts for another entity or person. The restrictions include the time of day, where the contacts can be made, and the number of times contacts can take place.
Does a Debt Collection Hurt Your Credit?
A debt collect can have a negative impact on your credit score where it can remain for up to seven years and sometimes longer. Your credit score not only determines what credit cards and loans you qualify for (or don’t qualify for), but also makes a difference in what rate you get on your auto and home insurance as well as utility rates.
How to Dispute a Debt Collection
Just because you are being charged with a debt doesn’t mean you owe it. Many debt collections stem from false charges or inaccurate records where the debt has actually been paid or was never owed in the first place. There are also instances where another person used your identity and incurred the debt. A Debt Collection Lawyer Los Angeles specializes in all the possible extenuating circumstances that may surround a case.
How to Win a Debt Collection Lawsuit
You will want to take action on the lawsuit rather than ignore it because it will not go away on its own. Once a suit is filed, the court will set a date by which you are to respond. If you don’t respond, the court may issue what is called a judgement default which may give the collection agency the right to freeze your bank account, put a lien on your home or other assets, or garnish your wages.
Replying to the lawsuit is the best way to take it head-on. Here are actions you can take if you are summoned to court:
Make the collection agency bear the burden of proof.
Protest the debt.
Counter-sue.
Request proof.
File for bankruptcy.
You will typically have 20 to 30 days to respond. The most important action you can take that will give you the best chance for a successful outcome is to hire an LA Debt Collection Lawyer. A seasoned attorney who specializes in debt collection will know just how to handle your individual case. He will defend you and reach an agreement that is in your favor.
You may be thinking that you can’t afford to hire an attorney to represent you in your debt collection lawsuit when the truth is – you can’t afford not to. No matter how simple or complicated your situation is or whether you legitimately owe the debt or not. You need to trust an attorney with your case and not just any attorney but an experienced one who practices collections law in the location you are in.
LA Debt Collection Lawyer
If you are looking for help with your debt collection issue, be sure to speak with a Debt Collection Lawyer Los Angeles. If you’re not in the LA area, simply conduct a search online for “debt collection lawyer near me”. When hiring a lawyer for debt collection, check for his or her success rate and reviews of past cases so you can ensure you’re getting the best lawyer for debt collection – like the expert team at The Law Offices of Jacob Partiyeli.
Jacob Partiyeli is an outstanding Debt Collection Attorney Los Angeles who will fight to get you the best results possible in your debt collection case. Give a call today and find out what he can do for you - (310) 801-1919.
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