Debt Collection Disputes: What You Need to Know
No one wants to deal with debt collection. Whether you are trying to get someone to pay money they owe or disputing that you owe someone a debt – the process can be time consuming, confusing, and frustrating for both parties. Self-Help is not allowed under the law and it is important to consult with an attorney before attempting to collect a debt or before attempting to stop someone from harassment. Here is what you need to know about debt collection disputes.
Common debt-collection situations:
- Enforcement of Judgments in personal injury and medical malpractice cases;
- Debts owed under commercial disputes, personal guaranties, and loan agreements; or
A landlord is often faced with a tenant owing large sums of money from unpaid rent, property damage, and other costs.
Sometimes a debt collection dispute can be resolved through negotiation, with the help of an experienced professional, you may be able to negotiate a payment plan or settlement of the disputed debt.
- Collection & Judgment
If negotiation fails, you can also purse a judgment or mechanic’s lien (click here to find out more about mechanic’s liens) or take steps to enforce a judgment previously entered by a court.
- Wage Garnishment
The debtor’s employer will deduct wages from the debtor’s take home pay.
In some issues, the creditor may be able to place a lien on the debtor’s real property or bank account to pay a part or the whole of the debt.
If you are involved in a debt collection dispute, regardless of which side of the issue you are on, a consultation with an attorney is recommended. Coleman, Roles, and Associates, PLLC can help you avoid or resolve a debt collection dispute. Feel free to email or call us at (502)-771-0588 for more information or to request a free consultation