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PRE-SUIT COLLECTION STRATEGIES Submitted by: Timothy T. Trump, Esq. CONNER & WINTERS 3700 First Place Tower 15 East 5th Street Tulsa, Oklahoma 74103-4344 (918) 586-8513 PRE-SUIT COLLECTION STRATEGIES
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Pre-suit collection strategies are plans or methods used by creditors to attempt to collect a debt before taking legal action.
Creditors or debt collection agencies are typically required to file pre-suit collection strategies.
Pre-suit collection strategies can be filled out by providing information about the debt, the debtor, and the steps taken to collect the debt prior to legal action.
The purpose of pre-suit collection strategies is to attempt to resolve a debt without going to court, saving time and money for all parties involved.
Information such as the amount of the debt, the debtor's contact information, and the collection methods used must be reported on pre-suit collection strategies.
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