What Is Debt Collection in Newark, New Jersey?

Find the right Debt Collection attorney in Newark, NJ

"Collections" refers broadly to the numerous tools that creditors have at their disposal to receive payment from debtors who are not paying what they owe. There are many Newark, New Jersey laws and regulations concerning the conduct of collections agencies, and what they can and cannot do in order to collect.

What if I Am Owed Money in Newark, New Jersey?

If you are owed money and the debtor won't pay, for whatever reason, you are entitled to seek collection by any lawful means. Of course, the means of collection that are considered "lawful" are quite limited. You should be aware of the laws that govern collections before you proceed, as breaking them can hurt your chances of collecting, and even expose you to liability.

For example, when attempting to collect, creditors are not allowed to use abusive language, contact any third party about the debt, and of course they are not allowed to use threats of violence in an attempt to get their money.

You may, however, send a written demand for timely payment which lays out to the debtor clearly how much is owed. If a large amount of money is owed to you, it might be a good idea to hire a collections agency in Newark, New Jersey. These agencies usually take their fee in the form of a percentage of the debt collected. You need to research agencies carefully however, and make sure the one you hire does not engage in illegal practices.

What if Someone Is Trying to Collect Money Against Me in Newark, New Jersey?

If you know that you owe the money being sought of you, and have the ability to pay it, you should do so - this is the quickest and surest way to end collections calls. Of course, this is not the case for everyone. Whatever your situation, you should always behave cordially with the collection callers, especially if they are doing the same. Whatever you do, you should not ignore the matter, because this will never make the problem go away, and will make things worse in the long run.

Luckily, you have some options in Newark, New Jersey. First of all, you should attempt to directly contact the creditor, and see if some adjusted payment plan can be worked out. If this doesn't work, you can ask the collectors to stop contacting you by phone, and they will normally be obliged to do so. Of course, this doesn't make the debt go away, but it might give you some time to collect yourself and prepare a legal defense. Once this happens, the collection agency can only contact you to inform you that it intends to sue you for the debt owed.

If you have retained a Newark, New Jersey attorney during this process, they might advise that the best course of action is to file for bankruptcy. This is a major decision, however, and should not be made lightly. You should only file for bankruptcy if an attorney advises you that it is a viable feasible option, given your individual circumstances.

How Can a Newark, New Jersey Collections Attorney Help?

If you think that the collection agency is violating the law in its attempts to collect, you should probably call a Newark, New Jersey attorney, since such behavior on the part of the creditor might actually give you a claim for damages against it.

Also, if you are considering bankruptcy as an option, a good New Jersey attorney can help guide you through the process.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Newark

Newark is a massive city. To give you an idea how massive, "The Brick City" is the largest in all of New Jersey and at a short distance of 8 miles from Manhattan, it's an ideal place for many New York professionals to call home. Port Newark is on Newark Bay along the Atlantic Ocean and is the largest port on the East Coast. The Port of Newark offers the most rail facilities, biggest cranes, and wide deep docking. It serves as the location for shipping nearly all New York containers. Newark's skyline shows what industrious city it is. Newark is home to the headquarters of Prudential Financial, Horizon Blue Cross and Blue Shield of New Jersey, New Jersey Transit, and the Public Service Enterprise Group PSEG are headquartered in downtown Newark.

Newark plays host to some of the nation's best universities and schools. The New Jersey Institute of Technology has educated NASA aerospace engineers to National Technical Medal of Technology winners. Rutgers University is located in Newark and has been consistently voted as one of the top business and graduate school in the United States. The city and local colleges draw outstanding talent for the New Jersey Performing Arts Center that is just adjacent to Military Park, a 6 acre green space with the well known "Wars of America" statue on display. You may also remember Brick City which was aired as a five part documentary on the Sundance Channel in 2009. The second installment comes in 2011. The documentary revolved around Newark's leaps and bounds to improve the safety and corruption of the past.

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