Collection disputes in Boca Raton, FL can be volatile and can cost everyone involved a significant amount of money to resolve. Luckily, there is a better option than litigation available that is effective and efficient. Mediation for collections disputes can save time, money, and frustration.
Mediation is a resolution process overseen by a neutral third-party – the mediator. He or she has no ability to make a ruling or judgment and is there to guide parties through the negotiation process. Those involved in the dispute design a resolution that is satisfactory to both sides. The goal of mediation is to settle the dispute in a way that makes everyone feel as though they have won.
In some cases, debt collection cases are automatically referred to mediation by the court, but mediation might also be an option if the debtor or collector wishes to attempt an out-of-court resolution.
One of the primary benefits of mediation is that it saves those involved money. Debt collectors do not need to invest the time and other resources into taking the collections case to court to get a judgment in their favor. They are able to arrange a payment plan without the hassle and expense of litigation. It saves the debtor money because they have negotiating power. They do not need to deal with having their bank accounts levied or their paychecks garnished. Instead, they are able to present during the mediation what they are capable of doing and negotiate a repayment plan they are actually able to afford.
Collections dispute mediation can also be used in cases in which the debtor asserts the collector has overstepped its boundaries. The two sides can discuss debt collection practices and come to an agreement regarding repayment that does not include the collector breaking the law.
Finally, collections disputes can be used to resolve issues in which a debtor claims a debt is not theirs. This can be a tedious process and it can take years to remove a debt from your credit report. Mediation streamlines the process and allows you to move forward as quickly as possible.
Keep in mind, collections dispute mediation only works when both parties are willing to negotiate in good faith. Not all collectors have the incentive to negotiate through mediation because they are not concerned about saving money.
If you are dealing with a debt collection dispute, Nathan Schwartz can help.
Nathan is an experienced collections dispute mediator who offers unique solutions for common issues that arise in the credit industry. His goal is to help you resolve issues related to debt through the amicable and cooperative process of mediation. Nathan has been a member of the Florida and DC Bars since 1986 and has participated in hundreds of mediation as an advocate. He knows how beneficial it can be to resolve collections disputes outside of the courtroom and he understands how much mediation has helped Florida consumers and lenders over the years.
For more information or to discuss the possibility of mediating a debt collection dispute in Boca Raton, FL, contact Nathan at 855-973-4835.
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