At Law Offices of Alan M. Cohen & Associates LLC, our experienced and innovative commercial collections attorneys are relentless and aggressive when it comes to collecting unpaid debts. Often, finding the money to collect becomes the biggest piece of the puzzle. With more than 50 years of combined experience, our commercial collections lawyers have an intricate understanding of Massachusetts collections laws and have learned several ethical tactics that can help you get paid.
When it comes to debt collection, every piece of information matters. One often overlooked but invaluable source of data is the check you receive from your debtor. Making copies of every check provides critical insights that can significantly bolster your collection efforts. Here’s why you should make this a standard practice.
Identify where your customer banks and provides clues for accounts
A check reveals the bank where your customer holds an account. This information is crucial for several reasons. Knowing the bank provides leverage for an attachment and freezing the debtor’s accounts, as allowed under Massachusetts laws. Identifying the bank can also help in locating other assets that the debtor might have.
A check reveals who is paying the bills
The name on the check can tell you who is actually paying the bill. This can be different from the person or entity you initially dealt with. Understanding who is footing the bill can provide key contacts. Being able to contact the person responsible for payments can expedite the collection process. It also reveals other parties who may be liable for the debt.
You can monitor changes in bank accounts
Over time, your debtor might change banks. Keeping copies of checks helps you track these changes, offering updated information. You can stay ahead by knowing where current financial assets are being held. It can also provide you with a strategic advantage.
Consult a relentless and aggressive commercial collections attorney
At Law Offices of Alan M. Cohen & Associates LLC, our innovative lawyers utilize every tool available to us under the law to help our clients ethically collect past-due debts. Don’t leave money on the table. Equip yourself with the information needed to take decisive action.
For aggressive, relentless, effective and ethical debt collection, contact us today to schedule an appointment. You can find out more by calling our office at 508-763-6604 or by sending us an email through our website.