How does Schel address problem accounts once identified?
If your initial in-house efforts, and then our process garner no response from your debtor, you clearly have identified a problem account and Schel generally recommends proceeding directly to litigation, providing there are no obvious factors that would impede the process (receivership, no contact information, etc.). Court proceedings are the most effective demand available and are frequently less cost-prohibitive than one might expect. Our long-term association with experienced civil debt lawyers results in the efficient and cost-effective use of legal resources to obtain payment and utilize the Court collection processes BEFORE your debtor’s other creditors. While collection success cannot be guaranteed, early judgment creditors are the ones most likely to succeed in collection.
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