Is Gide Law Firm collecting money?

There are two kinds of law firms entrusted by creditors, one is collection, and the other is real prosecution. Debtors don't have to be afraid when they receive a phone call from a law firm or a letter from a lawyer. Just be realistic. Make more money with one heart and pay back the money slowly is the way to land.

Collection methods of law firms.

1. Collect as much information as possible, find the debtor and learn more about the debt. Creditors will remind them to repay all outstanding money by phone or in writing. They may ask about the recent situation and what caused the delay or difficulty in payment.

If the collection company still can't get the latest contact information of the debtor by using some tools they have, they may take some other means, such as establishing contact with the debtor through the real estate and vehicles under the debtor's name, or even sending a collector to visit you at home.

2. If the debtor doesn't cooperate with the communication, the creditors may exert more pressure, and they may start threatening to take further actions. They will issue a legal letter signed by a lawyer and provide a final written warning before filing a lawsuit. This letter will once again outline the possible consequences of non-payment and inform you that any extra expenses may be added to the debt owed.

Other more serious actions may appear soon. For example, if you live in China, some creditors may consider taking your debt to the court for judgment, which has a great impact on personal credit reporting.