What Is The Difference Between A Law Firm And A Collection Agency?

Every creditor owed money by a debtor has to make an important decision as to who to hire to collect the debt. While many creditors work with collection agencies, the fact is that working with a law firm that focuses on debt collection can offer tangible benefits over a debt collection agency. At the Law Offices of Scott N. Bergman, LLC, we maintain a strong commercial and consumer debt collection practice. While located in Rockville, we represent clients across Maryland, the Washington, D.C., area, and across the United States. We represent a diverse clientele, including banks, construction companies, medical service providers and more.

Why Work With A Law Firm To Collect Your Company's Debts?

Our clients have come to appreciate the many advantages of working with a law firm as opposed to a collection agency. These advantages include:

  • The ability to file a lawsuit: Collection agencies can call debtors, send them letters and take other steps to collect a debt. We do these things as well, but we have leverage that collection agencies don't have. Specifically, we can file a lawsuit. Once we get judgment, we can then pursue all available remedies, such as garnishment, attachments, liens or other remedies. We don't always have to file suit against debtors, but simply having the option to file a suit gives a law firm far more leverage, and for more options, than a collection agency. Rather than forward past due accounts to a collection agency and then to a law firm after collection attempts are unsuccessful, why not just forward the account to us? We can immediately give you the best chance of maximum recovery.
  • Knowledge of the law: Collection agencies aren't allowed to give legal advice to clients. Our lawyers can lay out the pros and cons of each course of action in a given account. As a result, our clients have the information they need to make educated decisions about their financial recovery.
  • We are held to a higher standard: We are bonded, insured and licensed by the Maryland Department of Labor, Licensing and Regulation. Many collection agencies and law firms are not licensed by this action. Furthermore, as attorneys, our conduct is regulated by the Maryland State Bar Association. This holds our law firm to a higher standard of conduct when engaging in debt collections.

In addition, we offer flexible fee arrangements. We take the vast majority of our cases on a contingency fee basis. This way, we have "skin in the game" and are invested along with our clients to recover maximum amounts. When our clients prefer, however, we can work on an hourly basis. Above all, we are committed to delivering the highest levels of client service and legal representation.

Set Up Your Free Initial Consultation Today

It costs nothing to speak to us about what we can do for your company. Call 800-631-4841, or contact us online. We are available 24 hours a day, seven days a week, 365 days a year.