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Once A Collection Agency Goes To Work, What Are The Chances Of Success?

The odds of collection are pretty good at an early stage but drop dramatically with the age of the account. The longer a delinquent account is held by the creditor, the lower its chances of being collected at all. When you turn over an account, especially if it's of an advanced age, be realistic; don't expect miracles. If you are dealing with a solid business that hasn't paid, you have a fair chance of collecting once the agency sets to work. But, if the debtor­business is financially shaky or irresponsible, recognize that the agency will have tough going. Using professionals can increase the odds of collecting, but there are no guarantees.

Speak to an Experienced Creditors Rights Attorney Today

This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified creditors rights lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local creditors rights attorney to discuss your specific legal situation.

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