Hot topic: What are creditors legally entitled to?

Image source: ClientsArm.com 

Brennan & Clark, a business collection agency that has been operating since 1980, is also a member of the Commercial Collection Agencies of America. It has given high-quality and effective collections services for four decades, and in recent years, has shared the many things surrounding collections through its series of blogs.

Today’s blog is a rather important blog that explores one of the hottest topics in debt colletions. In here, Brennan & Clark answer the question “what are creditors legally entitled to?”

While that may sound like a question that begs for vague answers, Brennan & Clark assures readers that what creditors are legally entitled to are very clear. For starters, they have a legally protected right to collect both secured and unsecured debt when debtors fail to pay. There are several legal ways in which to go about it.

One way for creditors to legally collect debt is through the use of collection attorneys or lawyers. These law practitioners file lawsuits and use other legal collection methods to collect consumer or commercial debts, represent creditors’ interests in a bankruptcy proceeding, foreclose homes or commercial real estate if the buyer defaults on payment, or recovers secured goods such as vehicles if the buyer defaults on payment.

Image source: DontMessWithTaxes.com   

Brennan & Clark also notes that creditors can forego the use of lawyers and contact debtors either directly or through a collections agency. The best collections agencies, such as Brennan & Clark, are well-versed in the legalities of collections and are highly effective in collecting debts.

Brennan and Clark is a business collection agency that has been operating since 1980. A member of the Commercial Collection Agencies of America, the firm offers unparalleled service as well as the most comprehensive guarantee in the industry. For more information on the company, visit this website.