Few aspects of business ownership cause more stress than collection problems. When a customer fails to pay for goods or services you’ve already delivered, it threatens not only your business, but also your livelihood. You have the right to seek the payment you’re owed. Allow a team of commercial collections attorneys help you fight for what you deserve.
As business owners ourselves, we at Philip D. Collins & Associates, P.C. understand the strain that incomplete payments can have on your day-to-day life. That’s why we’re committed to advocating on behalf of other businesses in the state of Texas. If you’re looking to collect outstanding debts in Richardson, Plano, Frisco, or Fort Worth, get in touch with us. We’ll set you up with a free initial 30-minute consultation at our office in Dallas.
The Debt Collection Process
When your customer’s past-due debt is threatening your financial security, tell us how we can help. Our team has the knowledge to guide you through the commercial collection process, and we’ll be by your side every step of the way.
Step One: Gather Information
Your contract with the debtor will be your biggest asset in a commercial collection case. By having a document that clearly outlines the rights and responsibilities of both parties, your chances of achieving results may significantly increase. A well-written business contract can play a valuable role in a variety of collections issues. It can prove especially helpful if it includes clauses that address:
- Unpaid debts
- The assessment of collection costs
- The responsibility of debtors to pay attorneys' fees
In addition to your contract, letters, notices, phone calls, and other forms of contact that prove your efforts to collect payment may help bolster your case. The more information you’re able to gather, the better.
As your attorneys, part of our role is assessing your debtor’s likelihood of repayment. We’re prepared to research online databases and public records for details surrounding your debtor’s financial status.