What Is Debt Collection in Memphis, Tennessee?

Find the right Debt Collection attorney in Memphis, TN

Broadly, the term "Collections" refers to the practice of creditors trying to force debtors to pay what they owe. There are various laws and regulations in Memphis, Tennessee that govern collection agencies, and strictly limit the types of tactics they are authorized to engage in.

What if I Am Owed Money in Memphis, Tennessee?

If somebody owes you money and is declining to pay, you have many options at your disposal. However, in doing so, you will be governed by very specific consumer protection rules that govern the collection of debts. Violating these rules can hurt your chances at effectively collecting, and might even expose you to civil liability.

As an example, when attempting to collect, creditors may not use abusive language, contact third parties regarding the debt, or use violence or threats of violence.

You may, however, send a written demand for timely payment. The demand should lay out clearly how much the debtor allegedly owes. If there is a large amount of money involved, it may be worth it to hire a Memphis, Tennessee collections agency, which will probably take its fee in the form of a percentage of the debt collected. You should do some research on different collections agencies in your area, to make sure the one you hire is dependable, and thoroughly follows the law.

What if Someone Is Trying to Collect Money Against Me in Memphis, Tennessee?

If you really owe the money being sought, and you are able to pay it, you should of course do so. If the collection caller is behaving amicably, you should do the same. Even if the caller doesn't behave in an amicable manner, you should resist the urge to respond in kind, and ask to speak with a supervisor, or simply end the conversation. Whatever you do, you should never ignore the issue. This will not make the problem go away.

Your best option in Memphis, Tennessee might be to contact the creditor directly, and try to work out some type of new repayment plan. The earlier you do this, the more receptive to your ideas the creditor is likely to be. If this isn't successful, you can demand that the collectors stop contacting you by phone, and they will normally be obliged to do so. Of course, this doesn't make the debt go away, and you should only take this route if you are ready to defend against a lawsuit from your creditors, since demanding that they stop contacting you typically leaves them with no other option but to sue.

If you have hired a Memphis, Tennessee attorney to help you through this process, he or she may advise that you declare bankruptcy. Once this occurs, creditors are legally barred from trying to collect against the debtor. Of course, this is a major decision, and should not be made lightly.

How Can a Memphis, Tennessee Collections Attorney Help?

If you believe that a creditor is violating the law in its effort to collect from you, you should get in touch with a Memphis, Tennessee attorney, since you may actually have a claim for damages against the creditor.

If you are thinking about applying for bankruptcy, a seasoned lawyer in Tennessee can help you with that process, too.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Memphis

Memphis, Tennessee has something for everyone. Popular family attractions include Graceland, Main Street Trolley, AutoZone Park, and the Gibson Factory. Memphis is also known as a city rich in history, so there are many museums to see! Some museums include the National Civil Rights Museum, Stax Museum of American Soul Music, Mississippi River Museum at Mud Island, and the Memphis Rock 'n' Soul Museum.

Amongst all the cities in the United States, Memphis is deemed the twentieth largest city in the U.S. Along with Nashville, Memphis is known to be one of Tennessee's most exciting and metropolitan cities with a population of around 1,316,100 people. Downtown Memphis lies along the Mississippi River and is home to many companies and law firms. Memphis attorneys have a reputation of being competent and client oriented, focusing on providing excellent legal services to Memphis residents.

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