Don’t Wait Too Long to Collect!

Should you write off the debt instead of turning it over?

Have you waited too long to collect?

Is there still time to file a claim?

According to Michigan debt collection laws, “for most collection actions, there is a specific period of time during which a creditor may pursue the collection of a debt. In Michigan, the filing of a breach of contract and/or open account action, for default of a credit card agreement, for example, must be done within the 6-year Statute of Limitations. MCL §600.5807(8). The relevant date for determining when the six-year Statute of Limitations begins to run is the date of the last activity on the account, whether it be a purchase or a payment made.”

Call Experienced Collection Companies in Michigan Today!

If you’re a business owner, you may decide that having a debt collection law firm work on your unpaid invoices is your best choice. That’s an area we specialize in, and we’re happy to discuss your options.

Our attorneys know how to get results for our clients and they’re dedicated to getting a satisfactory outcome. Contact our collection companies in Michigan today at (248) 645-2440 for a free no obligation consultation.

Should you write off the debt instead of turning it over?

Why should you pay $100 to collect $50? Good question. It doesn’t make sense to overspend when collecting accounts receivable. The costs of collection should never exceed the receivable’s full value. 

If your case goes into litigation, you incur collection costs in addition to the fee payable to your collections professional. Learn more here!

File for Debt Collection in Michigan Today!

If you’re a business owner, you may decide that having a debt collection law firm work on your unpaid invoices is your best choice. That’s an area we specialize in, and we’re happy to discuss your options.

If you run out of time to file a lawsuit before the statute of limitations runs, you may lose your legal rights to recover your receivable. To protect your creditors’ rights, contact one of the most experienced collection companies in Michigan today at (248) 645-2440 for an effective resolution to your collection matters. Let the experts worry about your collections, so you have more time to focus on growing your business.