This division of CollectAR is a bonded and licensed collection agency. As a result, where required, we are positioned to go beyond outsourcing and handle the collections of past due and/or charged off accounts under a contingency based third party intervention service system.

This segment of our receivables collection service is designed to provide commercial clients with an effective support solution for delinquent accounts that are considered as charge off or as potential charge off/write-off accounts.

In this division, the focus is on getting clients the highest return on lost revenues. Utilizing a team of professional third party collection representatives, we implement an effective, direct telephone contact program to senior executives of the debtor company.

This is supplemented with letters, fax and email communication and proactive follow-ups, including promise payment confirmations and fixed arrangements for picking up payment checks/cheques.

In addition, whenever necessary, based on the account balance or invoice size and clients approval, we will do site visits with the debtor which will always result in us getting paid in the process.

We use a number of investigative techniques and resources to learn as much as possible about the debtor, and use this information to increase the collections effectiveness so as to get the debtor to pay your account.

Since most companies in trouble do not have resources to pay everyone, early identification and timely placement of accounts has a significant impact on collectability.

Our Approach

We are persistent, consistent and methodical with timely follow-up procedures. We treat outstanding balances as if they were our own money, although we never lose sight that it is your money we are collecting.

We use a variety of strategies to pursue debts, based on your request and our assessment of what is most likely to succeed.

We recognize that we will usually be competing with other collection agencies and creditors for the limited funds a debtor may have available; as a result, we pursue claims quickly, vigorously and continuously.

Comprehensive Reporting

We believe that you need continuous access to the status of accounts placed with us. As a result, we provide a variety of weekly and monthly accounts collections status reports, including weekly electronic notification of developments and debtor feedback.

Our Team

Made up of professionals with decades of high-level experience as accountants, collection managers (Canada/United States) entrepreneurs, financial managers, corporate managers, deal-makers and negotiators. We combine this experience to develop and execute the best negotiation and collections strategies to fit each client debtor situation..

Collection Fee

These are customized to fit each client collections' needs, number of accounts and aging. However, at all times, fees will be fixed and will average 12% - 15% of the amount collected under our contingency fee collections service system.

This way, your contingency fee collections cost is predictable, with a return on investment that will be significantly higher than with most other agencies or collection services.

To get started placing accounts under our contingency fee collections service system, call us and request an accounts placement form and/or to discuss any specific collections requirement, or send us an Email.

Click Here to request more information and/or our accounts placement form.