Debtors
dread hearing from collectors looking for money, and creditors hate when those
in debt dodge their phone calls. If you’re in either situation, you may help
from a legal professional.
A
debt collection attorney can represent you if you’re a creditor or a debtor. A
lawyer can help come up with strategies either to get back money that you’ve loaned
out or to protect you from overeager creditors. Your attorney can handle
paperwork for you or represent you in court.
If
you are a creditor, an attorney can help you put a plan in place to gain back
the money you loaned out. Should you go to court, the time frame and the amount
you get will depend on the judge’s ruling/decision. If you’re able to settle
outside of court, you and the debtor will be able to negotiate terms.
A lawyer with experience in debt
collection can help fight for your rights as a consumer, defending you against
a debt collector or creditor. Conversely, if you have successfully sued someone
but still haven't been paid, a debt collection lawyer can help you recover
money you are owed.
Many laws detail consumer
protection laws as well as debt collection regulations, requirements, and
procedures, and a debt collection attorney can help determine which legal
strategies will be most effective in your case. In some cases, debt collection
attorneys work for a percentage of the amount owed and only receive payment
when you collect your money.
A debt collection attorney is the
best defense from being taken advantage of, so if you feel that you can’t
handle either a creditor or a debtor on your own, an attorney will be able to
help you.
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more about the legal issues surrounding businesses in Nigeria and to find
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