A collection agency, a law firm or Collect Worldwide?

Collection agencies are perhaps like sprinters; law firms are more akin to long distance runners.

Collection agencies are geared toward fast turnover and rapid recovery of debt. Their salespersons and collectors are most often paid on commission, if and only if accounts are recovered. They generally have no training in the law, and their goal is to “liquidate” the debt by attempting to secure full or part payment in a short period of time.  Frequently this hurried strategy results in a lower partial settlement.

Law firms are structured toward litigation and results. Their personnel are mostly salaried and may work only on an hourly basis- though many law firms in the industry do work on a “contingency” basis. As a result of their higher internal costs and greater emphasis on lawsuits, results may take longer, but the incentive to accept partial payments or settlements may be less.

I have told my clients for years that if the reason for non-payment of a debt is essentially a dispute that it is A LEGAL MATTER by its very nature, the better course of action is to forego a collection agency, and move the case directly to a law firm. The matter will eventually wind up in the hands of an attorney anyway, and you will avoid the time “lost” by trying to have an agency that is without legal training or knowledge struggling to resolve A LEGAL MATTER. This likewise applies to disputes that are likely to wind up in court eventually, because of the nature of the relationship between the parties or complicating factors. Simply stated, if for any reason the matter could is going to wind up in court, the best course of action is to be proactive and get it there ASAP, while memories are fresh and documentation has not been misplaced. The longer you waste time with inappropriate collection activity, the less your chances of recovering your debt.

If, on the other hand, the matter is “resolvable” by someone without legal training and knowledge, agencies are more often able to act faster than law firms to resolve the problems and engineer a solution. Agencies who lack our resources are often capable of resolving debt more or less satisfactorily. The key is having an understanding of your rights under the law, and having the full force of a Law Firm behind you in exercising those rights.

“THE BEST OF BOTH WORLDS”- COLLECT WORLDWIDE, LLC

International collections often do not lend themselves well to resolution through the domestic Courts of Law. Laws differ significantly from country to country, and resolution by the courts is even more difficult than when both parties are both located in the same country. For this reason, debt recovery by relying principally on lawsuits, in the international arena, is difficult at best. We offer our clients the necessary legal knowledge, power, and background, combined with the dexterity and task orientation of a collection agency to optimize success.

Collect Worldwide is THE EMBODIMENT of this solution! This is because Collect Worldwide is affiliated with a law firm that specializes in corporate collections, and a licensed member of the Arizona State Bar, bringing to your debt recovery problem all of the legal knowledge, training, background and experience of a LAW FIRM. Additionally, we bring to your debt collection issue highly trained and successful collectors, each with many years of experience in the industry, whose training and background come from the COLLECTION AGENCY side of the industry. They, like Collect Worldwide itself, are paid only upon successful debt mitigation and client satisfaction.

WE DO NOT GET PAID UNLESS YOU GET PAID. WE TAKE THE SAME RISK AS OUR CLIENTS, AND HAVE THE SAME INCENTIVE TO ACHIEVE A SUCCESSFUL DEBT RECOVERY AS YOU DO. COLLECT WORLDWIDE LLC WILL BE YOUR PARTNER IN COLLECTING YOUR DEBTS.

In fact, we take MORE of the risk than our clients, given that WE ALONE ARE RESPONSIBLE FOR AND PAY THE COST of any pre-litigation out-of-pocket costs that become necessary to collect your account.

“THE BEST OF BOTH WORLDS”- The Collect Worldwide debt recovery solution will be your partner in successful, professional debt collection!