There are a few different reasons that a person may explore their options with a debt collection attorney. On one hand, you may be a creditor and on the other you may be a debtor who is suffering from harassment at the hands of creditors. Whatever your reasoning is, you may have a few questions before you set up a consultation. Here are two of the most common questions answered for you.
Is a Debt Collection Attorney Expensive?
The answer to this question is not necessarily black and white. Different attorneys have different styles of billing that you have to abide by. When you meet for your first consultation, it is important to discuss billing with your lawyer. This will ensure that you don’t have any surprises throughout the course of your case. Now, some debt collection attorneys will work on a contingency fee basis. This means that he or she may not accept money until a settlement is earned. However, in other cases, where you are not looking to receive money, you may have hourly fees or other payment options. It is crucial to discuss billing with the attorney, especially if you are worried about the cost. Some attorneys will have different fees or expectations of payment based on the case and the amount of time he or she has to spend on it.
Do You Need a Debt Collection Attorney?
Cost aside, do you need a lawyer? Before you hire a lawyer, you want to ensure that it’s necessary. This makes sense. One thing that you should always remember is that if you plan to go through the court system in any way, you should always have representation. Whether you are filing for bankruptcy or fighting creditors, you need to have a lawyer with you. He or she can help to guide you through the important paperwork and keep you on track. You do not want to make mistakes on any of the paperwork because mistakes could lead to your entire case being dismissed.
Whether you are a creditor or a debtor, an attorney can help you make the right decisions. If you need to obtain your money or if you need to discharge your debt because it is impossible for you to pay it off, there are solutions for you. An attorney can help navigate you through all of your options to ensure that you make the right decision. Contact a debt collection lawyer today for a consultation.