|
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 is considered as charge off or as
potential charge off accounts.
In this
division the focus is on getting clients the highest return
on the lost revenues. Utilizing a
team of professional third party collection representatives,
we
implement
an effective direct telephone
contacts program to senior executive of the debtor company.
This
is supplemented with letters, fax and email communication and
follow-ups, including promise payment confirmations and
fixed arrangements for picking up payment check/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, 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, 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
We charge a low fixed Collection fee
of 14% of the amount
collected under our contingency fee collections service
system.
This way your contingency fee collections
cost is predictable. This means your return on investment will
be significantly higher than with most other agencies.
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.
To
Email us for more information, click
HERE::
|
