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Massachusetts debt collection laws: What do business owners need to know?

Collections Law

Cohen & Associates LLC, our commercial collections lawyers have more than 50 years of combined experience. They have dedicated their practice to collecting commercial debts in Massachusetts. It sets the standard for ethical collection methods. Massachusetts Fair Debt Collection Practices Act (MGL c.93,

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What are some common mistakes that businesses make when trying to collect unpaid debts?

Collections Law

Business owners in Massachusetts are likely familiar with the frustrations of trying to collect unpaid debts. Cohen & Associates LLC, our aggressive and relentless commercial collections attorneys have more than 60 years of combined experience helping Massachusetts business owners collect their unpaid debts.

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Business Debt Collection Laws and their Connection to Commercial Debt

Debt RR

What are Business Debt Collection Laws? Although commercial debtors do not enjoy the same level of protection as consumer debtors do, this does not mean they are left at the mercy of creditors and debt collection agencies (DCAs). The business debt collection laws protect them.

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In-House Debt Collection Training

Burt and Associates

With standardized language, tone, and protocols, collectors stay compliant with laws like the Fair Debt Collection Practices Act (FDCPA) , and reduce risk for your business. Non-Responsive Debtor : Multiple calls, emails, and follow-ups are met with silence or avoidance. Focus on empathy without enabling delinquency.

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Why you should choose a collections attorney to collect your business debts

Collections Law

They will also usually start with all of the same tactics that you have probably already tried: Making phone calls Sending late payment notices Attempt to persuade the debtor to pay their bills While collection agencies are persistent, their efforts often approach a level of harassment.

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Commercial Debt Collection for Businesses – 2023 Guide

Direct Recovery

In most cases, some qualifications and credentials will be required to distinguish that you are working with a reputable collection agent. Reasons Businesses Hire Debt Collectors Most businesses that hire commercial debt collectors do so to pursue non-payment of invoices and outstanding balances.

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A Comprehensive Overview of How Commercial Debt Collection Agencies Work

Debt RR

Routine phone calls: Demand letters are a formal process that gives debt collectors leverage if they have to sue for the balance owed, but phone calls are the most common way commercial debt collection agencies will use to try to communicate with debtors. How Long Can a Debt be Pursued?