Business Debt Collections in Maine
Don’t let the lackluster results of the typical Maine collection agency convince you to simply write off your company’s delinquent accounts. Instead, consider using a debt collection attorney. The commercial debt recovery firm of Stevens and Ricci can provide you with a 72% recovery rate. When you compare this figure to the 28% rate that the average collection agency delivers, it’s easy to see why you’ve been disappointed in the past. In addition to collecting a higher percentage of your money, our collection team can also complete the negotiation process much faster. In the vast majority of cases, payments begin coming in for each account within 45 days from the time you place the account with our firm. Sometimes, the process is even faster. If your company is located near Bangor, Maine or Portland, Maine, give us a call today!
Westbrook, ME Collection Attorneys Succeed Where Others Fail
There’s a very good reason for the success of the Stevens and Ricci firm. We never miss a critical opportunity. Your collection agency must rely on phone calls, voice mails, and collection letters to collect on your accounts. If this worked, you would have been able to collect on these accounts without their help. The debt collection attorneys at Stevens and Ricci will physically locate your debtor, no matter where they may be, for face-to-face negotiations when needed. Our national support network includes attorneys and private investigators in every state. When a delinquent customer owes money to one of our clients, there is truly no where to hide! Although our services stay in the pre-litigation arena, just a hint of a legal battle is usually enough to make your debtor begin satisfying their financial responsibilities. After all, how much weight does a call from a collection agent carry when compared to a conversation with an actual attorney? At Stevens and Ricci, we have combined the legal and collection functions to make sure that we take full advantage of every critical opportunity. Don’t miss your opportunity in Yarmouth, Maine to use our services to collect your next corporate claim!
Statute of Limitations on Debts in Maine
In Maine, you only have six years from the time a debt is incurred to collect your money. Of course, if you take the time to have every contract signed in the presence of witnesses, you’ll have 20 years. Who has time for that when they think they’re dealing with honest business people? If your time is running short, don’t waste even more trying to collect on your own or using a regular collection agency. Use the Stevens and Ricci firm for the fastest and most efficient corporate debt recovery method in the industry.
Bangor, ME Collection Attorneys vs. Collection Agencies
When you use the corporate debt recovery services of Stevens and Ricci, you’ll gain more than a substantial time savings. Not only does a collection attorney outperform a collection agency time and time again, we also have the knowledge and authority to use recovery strategies that a collection agency wouldn’t even know about. A collection agency may only get voice mail, but a debt collection agency can gain direct access to your debtor and their agents. If your debtor hires their own attorney, a collection agency is usually forced to cease their collection efforts. In comparison, our debt collection attorneys welcome this situation. They will immediately act to seek out the opposing counsel for more advanced negotiations. The next few sections detail even more advantages that come with retaining a corporate debt attorney in Portland, Maine.
Bounced Checks in Westbrook, ME
If you really need to collect on your delinquent accounts to pay your own bills, you may be so glad to see a check come in that you don’t think twice. Unfortunately, this can be the start of new problems if the check bounces. When accepting a check on a delinquent account, be very careful with any check that has a low number. This usually means that the account is new, and most bad checks are written within the first year of opening a checking account. Always hold onto the check itself until you receive payment in full, including any fees, in either cash or other secured funds. By using the Stevens and Ricci corporate debt recovery lawyers, you’ll never have to worry about this situation with an account that we are handling. We always collect and deliver secure funds.
Creative Methods in Yarmouth, Maine
Do you think the standard collection agency will do anything out of the ordinary if your debt is hard to collect? They’ll simply sit in their little office and move on to easier pickings. We often hire private investigators to research your debtor’s other business partners including banks, vendors, and suppliers. Our debt collection attorneys may review public records or meet with the district attorney to prepare to collect on a judgment. Our process servers are creative, too! It’s amazing how a tricky debtor will suddenly open their door when our server dresses up like a delivery person or uses other unconventional attire. As a last resort, we may even send a team of collection attorneys to work with your debtor’s lawyer. In this way, we can bill their time to the debtor and use this as a new reason to collect on your debt.
A Case Study in Bangor, Maine
One of our clients provides a wonderful example that shows how our services are far superior to a regular collection agency. They sold surgical equipment to a Maine surgery center, but couldn’t collect after the center closed their doors and left the area without leaving any contact information. The surgery center was incorporated, and there was no personal guarantor behind the debt.
As our client tried to decide how to proceed, they began calling the credit references that the surgery center had listed on their credit application. One, another vendor, was also left with a large delinquent account. They had been told by their collection agency to write the debt off. With a failed corporation, there is no one to collect from.
However, our client just couldn’t afford to do this. It was just too big of a loss to give up on. They called our offices in Bangor and spoke to one of our collection attorneys who looked into the matter. After speaking to employees at both our client’s location and the other vendor’s office, he found out that a local hospital administrator was very familiar with the debtor. From this contact, he obtained the name of the surgeon who had owned the surgery center as well as the phone number for his private practice.
Our attorney made contact and spoke directly to the surgeon. He found out that the doctor was in the process of opening a new surgery center with other financial backing. He convinced the doctor to accept the debt personally by signing a Letter of Responsibility for the equipment.
While the debtor in this case did not have a legal responsibility to pay for the medical equipment after the corporation failed, we managed to collect the amount due for our client plus interest. Instead of giving up quickly like the original collection agency, our debt collection lawyer acted in a professional manner. His skillful investigative and negotiation practices resulted in a very positive outcome for our client. As a bonus, he also created a win-win situation for all parties involved. The doctor protected his reputation and continues to be a valued customer for our client’s company to this day.
Business Debt Collections in Maine
Don’t let the lackluster results of the typical Maine collection agency convince you to simply write off your company’s delinquent accounts. Instead, consider using a debt collection attorney. The commercial debt recovery firm of Stevens and Ricci can provide you with a 72% recovery rate. When you compare this figure to the 28% rate that the average collection agency delivers, it’s easy to see why you’ve been disappointed in the past. In addition to collecting a higher percentage of your money, our collection team can also complete the negotiation process much faster. In the vast majority of cases, payments begin coming in for each account within 45 days from the time you place the account with our firm. Sometimes, the process is even faster. If your company is located near Bangor, Maine or Portland, Maine, give us a call today!
Westbrook, ME Collection Attorneys Succeed Where Others Fail
There’s a very good reason for the success of the Stevens and Ricci firm. We never miss a critical opportunity. Your collection agency must rely on phone calls, voice mails, and collection letters to collect on your accounts. If this worked, you would have been able to collect on these accounts without their help. The debt collection attorneys at Stevens and Ricci will physically locate your debtor, no matter where they may be, for face-to-face negotiations when needed. Our national support network includes attorneys and private investigators in every state. When a delinquent customer owes money to one of our clients, there is truly no where to hide! Read the rest of this entry »