WHICH IS BEST- A LAW FIRM OR A COLLECTION AGENCY?

 

It depends on what you need, and on the nature of the debt recovery problem you face. 

 

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 salespeople and collectors are most often paid on commission, and if and only if accounts are recovered. Their people generally have no training in the law, and their goal is to “liquidate” the debt by securing full or part payment in a short period of time.

 

Law firms are more “geared” toward litigation. Their personnel are mostly salaried and may work only on an hourly basis- though many 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 is A LEGAL QUESTION by its very nature, the better course of action is to forego a collection agency, and go directly to a law firm. The matter will likely wind up in he 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, trying to resolve A LEGAL QUESTION. The same goes for disputes that are likely to wind up in court anyway, because of the nature of the relationship between the parties or otherwise. Stated simply, if for any reason the matter is going to wind up in court anyway, the best course of action is to get it there ASAP, while memories are fresh and documentation has not been misplaced.

 

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.

 

THE “COLLECT WORLDWIDE/DAVID A. HAYS, PLC SOLUTION”

 

International collections often do not lend themselves well to resolution through the local Courts of Law. Laws differ significantly from country to country, and resolution by the court is even more of a “last resort” than when both the creditor company and the debtor company are both located in the same country. For this reason, debt recovery by relying principally on lawsuits, in the international arena, is not a good idea. The optimal combination is a law firm, with the necessary legal knowledge and background that nevertheless has the dexterity and nimbleness of a collection agency.

 

We are THE EMBODIMENT of this solution! Collect World Wide/David A Hays, PLC is a law firm, licensed and a 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. But we also bring to you 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 World Wide/David A. Hays, PLC itself, are paid only upon our being successful on behalf of our clients.

 

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.

 

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

 

THE BEST OF “BOTH WORLDS”- The Collect World- Wide/David A. Hays, PLC debt recovery solution!