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.
This communication is not intended as legal advice. A local attorney should always be consulted for legal advice. No client/attorney relationship is intended or created by this communication.
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.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).