Small Business Debt Collection Coverage

 

No matter how successful your business, there will always be times you encounter customers who fail to pay their bills. When you need help collecting on a debt owed to your business, legal help collecting those debts may be the solution.

Many small businesses aren't sure where to turn when they need help collecting debts, but with our small business legal subscription plans, help with debt collection is just a phone call away.

Traditionally, there have been three main ways for small businesses to collect a debt: doing it yourself, hiring a collection agency, or work with a debt collection attorney. All three avenues have their pros and cons. Going the do-it-yourself route to collect on a debt owed to your business may be a good way to go if client relationships are important to you or if you only have a couple of debts to collect. But many times, these small problems evolve into larger issues and you need to bring in help. Hiring a collection agency may be a good way to go if you have a large number of delinquent accounts from debtors who are hard to track down, but collection agencies often take up to 50% of the amount recovered as part of their fees and aggressive tactics sometimes used by collection agencies may reflect poorly on your brand. Hiring an attorney specializing in debt collection is often a quick way of getting delinquent accounts paid and maintaining a customer-friendly brand.

If you're struggling with collecting a debt and don't have the time or knowledge to collect it yourself, your membership in our small business legal protection plans means that you can contact your provider attorney and they can give you solid legal advice and help you devise a strong collection strategy. All of our small business plans include attorney-drafted debt collection letters on their law firm’s letterhead and sent to your debtor on your behalf. This saves you time and worry as letters from an attorney are often taken more seriously by debtors than communication from you or your business. And when the debt is paid, you get 100% of the amount recovered - our network attorneys take no commission for these services.

If the debt collection process needs to be taken further, to small claims court, your attorney can advise or represent your business in court. Having proper legal help can be the difference to winning your small claims case. Your attorney will be able to give you legal advice for small claims court situations, including advising you on the steps required for the laws in your state. These may include verifying that your case meets the monetary limits for small claims court or if attorneys are required or not allowed in small claims court in your state. Your attorney will make sure that the forms and documents are correct and filed in the appropriate court or venue for your case, prepare you for court if needed, and how to collect on any judgment you may win.

Our small business legal subscription plans start at just $49 per month, and include so many benefits that your plan will likely pay for itself the first time you use it. Sign up today and get the peace of mind of knowing that, no matter what happens while running your business, you're covered!

We have a variety of plans suitable for all kinds of business needs. Check out the benefits available at the various plan levels and see which one is right for you and your business!

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Debt Collection