While we always prefer to avoid litigation since it is time-consuming and costly, there are accounts where it is the only alternative to achieve a payment. Some of these include accounts that can pay but won’t or others that won’t pay because they adamantly dispute that they are not liable.
Sometimes, litigation is used as a tool to secure your debt, as individuals have assets such as property, but refuse to use their equity to pay their debts. For those accounts, litigation is an investment to secure payment at some point in the future when the property is sold.
As Credifax provides full-service from cradle-to-grave, from the identification of a collection problem to litigation, if necessary, Credifax has a fully licensed paralegal on staff to meet those needs. As our paralegal services complete the collection cycle, we provide those services at cost. Since we handle significant collection volumes, we are often able to provide legal services at significantly discounted rates over what creditors can obtain suing accounts on their own.
Our legal manager fulfils that need, handling Small Claims Court actions directly, but also managing Superior Court claims in Ontario. Our paralegal staff have extensive experience in subrogated damage recovery, construction claims, landlord tenant matters and a variety of other general litigation for goods sold and delivered or services rendered.
As we provide legal services from coast-to-coast, we utilize a number of law firms and independent paralegals that we have selected based on exceptional performance at a price point based on above average litigation volumes.
At Credifax we believe that having extensive collection expertise in the resolution of seriously delinquent accounts, combined with legal knowledge and experience, will ensure the best possible recovery and maximize your return.
Contact a CREDIFAX representative for more information about these services.