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You can sell the note to a collection company and probably take a deep discount or you can assign the debt to a collection attorney, also a significant cost. However, the size of your note is just large enough not to be small claims and the cost of prosecuting especially if they attempt a counterclaim may not be much different than the discount you would take from the collection agency. I think I would look to sell the note to a collection agency and be done with it. It will save a lot of headache.
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Do you know of any collection companies that buy notes? How do I find them?
No I do not but you should be able to find them by doing a search for collections agencies on line, note purchasers and collection attorneys. That should get you a good start for what you need.
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