Debt collection attorney
Debt collection attorney A debt collection attorney is a legal representative, specialised in matters of recovering debts and past-due amounts from debtors. Such solicitor can be part of a third-party debt collection agency (not connected with the contract between creditor and debtor), part of a first-party (working within lender’s organisation subdivision) or can be a private representative, operating independently from DCAs (Debt Collection Agencies) and creditors. His role is of great significance for the whole debt collection process, as the debt collection solicitor is the last recovery tool before the inception of court proceedings.
Debt collection lawyer
Debt collection lawyer A debt collection lawyer is hired by a debt recovery agency or by the original creditor in order to negotiate with subjects of debt and, if needed, to process the debt recovery to litigation actions and transfer it to court. Debt collection lawyers are legal representatives, who specialise in default payments’ issues and practice fair debt collection. Debt buyers employ private debt solicitors as well. After they purchase delinquent accounts from an original creditor, they will start the collection process.