CollectAR provides a dependable commercial collections service for a business from a business, designed to provide commercial account clients with an effective support solution for delinquent accounts that are considered as potential write-off accounts.

Under this service system, we go beyond outsourcing and handle the collections of this type of past due and/or charged off accounts under a contingency based third party intervention service system.

For these accounts our focus is on getting clients the highest return on lost or potential 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 fax and email communication and proactive follow-ups, including promise payment confirmations and arrangements for courier picking up payment for delivery direct to our clients.

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 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

Under our contingency fee system there is a one-time setup fee of $250.00 per client customer in the potential charge off portfolio, plus a contingency fee of 12% of the amount collected. 

However, this service is not designed for one-invoice bad-debt collections.  Our third party collection service is designed for blocks-of account portfolio collections as well as to complement the outsource collection services to new and existing clients, so as to convert their existing charge off accounts to cash and minimize write-off from new accounts.

This way, new clients on our service will have a team working on their current receivables portfolio management and collections, as well as working on old accounts scheduled for write off as bad debt.

To get started placing accounts under our contingency fee collections service system, call us and request a copy of our placement-Form.  As soon as we receive your completed placement form, we will contact you to review the information and discus the status and aging of the accounts for placement.

If after our discussion we have an agreement, we will send you the terms of engagement agreement for your signature and setup your company and customers for required collections action.

For more information, Click Here to contact us.