Business Collection
Business debt collection involves the collection of debts between businesses. Conversely, consumer debt collection, involves the collection of debt owed by an individual.
Revered by his commercial clients as a seasoned debt collection attorney, Mr. Pourcho has regularly demonstrated successful results in collecting upon various outstanding account receivables. Act now and contact the legal team at the Pourcho Law Group, PC to spearhead your business debt collection account today!
Business debt collection is commonly referred to as business-to-business (B2B) collection amongst professionals within the debt collection industry. Often times, court intervention is required in commercial collection. As such, the Pourcho Law Group, PC will file lawsuits on behalf of our commercial creditor clients to recover their outstanding accounts receivable.
Business debt collection is a less regulated, but more complex type of debt collection than noted in its counterpart, consumer debt collection. While business debt collection isn’t regulated under the Federal Debt Collection Practices Act (FDCPA), other legislation remains intact, such as prohibiting unethical and aggressive collection tactics.
There are two main differences between business debt collection and consumer debt collection accounts. Business debt collection accounts usually have more involved parties and stronger relationships relative to personal debt collection.
1). MORE INVOLVED PARTIES. While personal debt collection accounts involve debt owed only by a debtor (the consumer), business debt collection can involve many parties (low-level employees, managers and/or owners) which can attach liability (aka debt) to a business.
2). STRONGER RELATIONSHIPS. Businesses usually maintain a strong rapport with each other, based in large part upon the regularity in which they repeatedly do business. Conversely, personal debt collection usually involve situations with debtors that lack the same bond and often times, process fewer transactions. The Pourcho Law Group, PC is mindful that some commercial clients do desire to preserve their ongoing, future business relationship with a commercial debtor. In such instances, our legal team will formulate and propose a strategy to best accomplish a “win-win” scenario with our client to maintain a level of harmony between the parties.
In business debt collection, you may own or manage a business, responsible for acquiring outstanding accounts receivable arising from a debt owed by another business.
As business debt collection involves the recovery of all business-to-business debt, this industry is understandably quite broad. However, business debt collection in the construction space (breach of contract cases involving contractors/subcontractors) is one of the most prominent industries.
Personal Collection
Personal debt collection pertains to the collection of debt owed by an individual. Typically, the most common personal debt collection accounts involve medical debt, loan balance defaults (student loans, a Promissory Note secured by either a Deed of Trust or Mortgage) or credit card debt.
Mr. Pourcho’s experience and knowledge of personal debt collection has resulted in achieving monetary success and collecting upon many outstanding accounts receivables owed by individuals. The legal team at the Pourcho Law Group, PC will vigorously pursue your interests and collect upon your consumer debt, so contact us today!
The Pourcho Law Group, PC is mindful of both the Fair Debt Collection Practices Act (FDCPA) as well various state laws designed to protect each person’s rights and privacy. The legal team at the Pourcho Law Group, PC adheres to, and complies with, both the federal and state law pertaining to debt collection.
We review each case thoroughly to analyze its collectability, and depending upon the circumstances, some cases may be declined.
The enactment of the Fair Debt Collection Practices Act (FDCPA), in addition to various state laws designed to protect consumer privacy rights, makes for the collection of personal debt a highly regulated industry. However, personal debt collection is more straightforward than business debt collection in that the former only pertains to a single personal debtor, not potentially multiple parties of a business debt (owner, manager and/or low-level employee). Occasionally, there may be two personal debtors in the context of a signed Promissory Note.
TAKE ACTION TO RECOVER THE MONEY THAT YOU OR YOUR BUSINESS EARNED!
Contact the Pourcho Law Group, PC right now! You have nothing to lose with our “No Recovery, No-Fee” contingency fee agreement. Simply put, if we don’t recovery your money, there’s no fee for out services. We also guarantee that your personal finances won’t be at risk! Regardless of whether you’re pursuing debt collection in the context of either a commercial collection or personal collection account, the Pourcho Law Group, PC is here to provide valuable service to you!
Collection Law Group vs. Collection Agency
Collections agencies will be your best option if your outstanding account receivables involve nominal bad debt—e.g., $3,000 or less owed in bad debt. Not all, but many collection agencies hire and train employees with either little or no prior debt collection experience. Often times, debt collectors’ hourly pay will commensurate with their experience. And as one might imagine, many of these inexperienced debt collectors lack the perseverance, intuition and passion required to successfully recover upon these bad debts.
Unlike many collection agencies, debt collection attorney Ben Pourcho and the team at the Pourcho Law Group, PC streamline the collection process. The Pourcho Law Group, PC not only implements collection agency strategies, but also utilizes the great power and authority of the law. If communication with the debtor is unproductive, the Pourcho Law Group, PC won’t simply close your file and return it to you. Instead, the Pourcho Law Group, PC can move forward with filing a lawsuit on the client’s behalf up to and including the final judgment. If the debtor thereafter refuses to timely pay the money he/she owes, we have the skill and expertise to take additional collection measures to enforce the judgement(e.g., obtaining a lien on the debtor’s property, (like a house or car) thereby placing a cloud on title. The debtor will then be forced to pay the judgment upon transfer of the property to clear title. wage garnishment or even foreclosing on the property! With our company’s “No Recovery, No Fee” contingency fee agreement, we’re more motivated to win a higher recovery, as our interests are aligned.
The “secret sauce” to recovering the largest debt is who you choose to recover your bad debt. Enter lawyer and businessman, Ben Pourcho, Esq. and the experienced debt collection team of the Pourcho Law Group, PC. Mr. Pourcho and his team review each file, tailoring a specific strategy and plan of action on how to best proceed on each collection account. Legal action is regularly incorporated into the master strategy. As the owner of a small business, Mr. Pourcho fully appreciates the proverbial phrase, “You Catch More Bees With Honey Than With Vinegar” using his negotiations skills to persuade debtors into paying on their bad debt and candidly explains the repercussions, if left unresolved. Unfortunately, sometimes “win-win” outcomes are futile and when faced with no other option, lawsuits are filed in the appropriate jurisdiction and served by the local sheriff.
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.