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Small Business Debt Collections Made Easy

Every business has customers who fail to pay their bills. When debt collection becomes a problem, getting legal help may be the solution.

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How a Debt Collection Lawyer Can Help You

If you’re struggling with credit card debt or medical debt and are unsure what to do, or are dealing with challenging creditors or a debt collection lawsuit, working with a collections lawyer can help you determine what legal options you have.  The Fair Debt Collection Practices Act (FDCPA) forbids harassing or threatening phone calls or text messages on the part of debt collectors, and having legal representation helps you protect your legal rights throughout the collection process.

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Get Legal Advice About Debt Collection Best Practices

A LegalShield membership offers consultation with a provider lawyer on an unlimited number of business legal matters related to debt collection to help keep you informed of your legal rights.

If you’re having difficulty collecting debt but you want to continue to handle it yourself, you can contact your provider law firm to see if your improved strategy is legally compliant.

The consultation benefit enables you to get legal advice on an unlimited number of business legal matters beyond debt collection. However, this does not include business legal matters specifically covered under the designated consultation benefit.

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Improve Client Contracts and Debt Collection Letters

Another valuable benefit attached to a LegalShield membership is the ability to submit documents, (15 to 25 pages, depending on the type of plan), to your provider lawyer for review and feedback. Depending on the type of plan, a designated number of documents are included each month at no additional charge.

If you’re unsure about debt collection requirements as they relate to an agreement signed by the debtor or you have drafted a debt collection letter you’d like  a lawyer to review, you can submit documents right in the LegalShield app. Your provider lawyer will provide feedback to make sure you’re following the law.

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Debt Collection Done for You Without Commissions

All of our small business plans include lawyer-drafted debt collection letters created on their law firm letterhead and sent to the debtor on your behalf. Depending on the type of plan, a designated number of debt collection letters each month are included at no additional charge as part of your membership. 

Not only does this save you time and stress, a debt collection letter from a lawyer’s office lets the debtor know you are serious about the matter, plus you get to keep 100% of any funds collected.

Like other plan benefits, your provider lawyer can provide a letter on your behalf or make calls on your behalf for legal matters beyond debt collection. If customers owe you money or you have other business legal needs, a LegalShield membership really is a no-brainer.

Three Ways to Collect Debt

If you’re looking  to collect consumer or business debt, you can try to do it yourself, hire a collection agency, or work with a debt collection lawyer.

The best method may depend on the specific circumstances surrounding the type and amount of the debt you want to collect. Sometimes you need to negotiate a settlement, while other instances may require you to be more aggressive and take legal action.

Getting advice from a debt collection lawyer is a great way to figure out which method will work best. LegalShield makes accessing this valuable legal advice easy and affordable.

Select A Topic To Learn More:
DO IT YOURSELF
COLLECTION AGENCIES
COLLECTION LAWYER
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Do it Yourself

If your company has only a couple of delinquent accounts each year and you are sensitive about maintaining positive customer relationships, trying to collect debt yourself may be a good option.

However, if you're searching for tips on debt collection, you’re probably having an issue and may benefit from legal advice.

A small business plan from LegalShield can help you improve your debt collection results in three main ways. Learn more 

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Collection Agencies

If you have a large number of delinquent accounts from debtors that are hard to reach, hiring a collection agency to handle the work might be a good option.

However, if you have only a handful of larger debts to collect from customers that are easier to contact, collection agencies may not be your best option. Agencies take 25% to 50% of the amount of the debt recovered and rogue collection agents repeatedly calling customers may tarnish your brand.

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Debt Collection Lawyer

If you have a large number of delinquent accounts from debtors that are hard to locate, hiring a collection agency might be a good option.

However, if you have only a handful of larger debts to collect from customers that are easier to contact, collection agencies may not be your best option. Agencies take 25% to 50% of the amount recovered and rouge agents harassing customers can tarnish your brand.

If you’re dealing with particularly challenging debtors, a debt collection lawyer can have better success at getting the situation resolved. Similar to a debt collection agency, a debt collection lawyer handles much of the work of contacting debtors for payment. Additionally, collection letters on a law firm’s letterhead communicate your seriousness about collecting upon the debt, and should the matter go to court, a lawyer would be invaluable.

How LegalShield Works

Finding solutions to your legal issues doesn’t have to be stressful, complicated or expensive.

LegalShield puts the power of legal representation within reach of any individual, family, or business. We work hard to make it easy, simple, and affordable to get the legal help you need, when you need it.

See What Our Customers Say

  • The attorney who assisted me was very knowledgeable in regards to my questions! He was very patient and courteous as he gave great detail to advise me in the best manner. I was able to achieve my personal goal of obtaining an LLC and EIN for my business by completing the tasks independently.
    Patty J.
    Mississippi Member
    The attorney who assisted me was very knowledgeable in regards to my questi..
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    I had some critical questions I needed answered for my business. I received a quick response with the exact information I was looking for.
    Steven T.
    Minnesota Member
    I had some critical questions I needed answered for my business. I received..
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    I was completely clueless at how to begin the trademarking process for my business and about to spend hundreds of dollars unnecessarily, however thanks to the attorney I spoke with he led me in the right direction and helped me save so much money and time.
    Ashley A.
    Arkansas Member
    I was completely clueless at how to begin the trademarking process for my b..
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Get Help With Debt Collection Today
Small Business Plans Start at Only $49 Per Month

Frequently Asked Questions

How long after I join can I use the plan?

You can use your plan as soon as your membership application is reviewed and your account is set up. The review process takes 12-24 hours (or less) from the moment you purchase your plan (on regular business days). Once accepted, you can be in contact with a lawyer in 4 hours or less and begin to use the plan benefits and member perks outlined in the membership agreement right away.

How much can I save with a membership?

The average lawyer in the U.S. charges between $150-$400 per hour. If you use your membership for even just a few hours a year you could easily save over $1,000. If you have a bunch of small legal issues or one rather complicated issue, you can easily save multiple thousands of dollars over hiring a lawyer directly. Not to mention the stress you’ll save by having a lawyer on call instead of trying to handle legal issues yourself. Also, the lawyers in our network often help our members recover thousands of dollars of damages or avoid thousands of dollars in fees over what they would have experienced had they tried to resolve the legal issue themselves. Obviously every member and usage situation is different, but when used correctly, your membership can easily save significant amounts of money. Not to mention savings from our member perks.

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