Accounts Retrievable Systems – Hiring A Collection Agency
Our goal at Accounts Retrievable is to provide fast and effective collection service at competitive rates. We have been providing fast and effect services to clients all over the United States for over thirty years. Our client base includes a broad range of industries. The client base at Accounts Retrievable includes retailers, wholesalers, manufacturers, banks, mail order companies, law firms and credit unions. We receive claims from clients all over the country against debtors all throughout the country. We specialize in international debt collection services.
When you choose Accounts Retrievable as your collection agency, you can take confidence in our skilled professionals and their decades of experience. Our skilled staff members are experienced in all aspects of debt recovery and know the ins and outs of debt collection.
Common questions that one will ask when hiring a collection agency are what types of accounts do we collect on, the minimum debt we collect on, if we collect on international accounts and many more. We collect on a wide range of accounts such as Judgments, Commercial and Consumer accounts and specialize in unpaid child support and spousal maintenance. The minimum debt that our collection agency will collect on is $1,500. We are your global resource for all international debt collection services.
Accounts Retrievable Systems – Debt Collection Services
A collection agency is a third-party agency, called such because such agencies were not a party to the original contract. The creditor assigns accounts directly to such an agency on a contingency-fee basis, which usually initially costs nothing to the creditor or merchant, except for the cost of communications. This however is dependent on the individual service level agreement (SLA) that exists between the creditor and the collection agency.
What is a Debtor?
The person who owes the bill or debt is the debtor. Debtors may fail to pay (default) for various reasons: because of a lack of financial planning or overcommitment on their part; due to an unforeseen eventuality such as the loss of a job or health problems; dispute or disagreement over the debt or what is being billed for; or dishonesty on the part of either the creditor or the debtor. The debtor may be either a person or an entity such as a company. Collection of debts from individual people is subject to much more restrictive rules than enforcement against a business.
What are Sale of Debts?
An increasing number of collection agencies, sometimes referred to as “debt buyers”, purchase debts from creditors for a percentage of the value of the debt and pursue the debtor for the full balance, sometimes plus “interest”. This prevents a debtor from merely defaulting or forgetting a debt. It also generates immediate revenue, albeit much reduced, for the creditor and reduces the public relations risks involved with defaulted debt collection.
Some states have specific laws regarding debt buying. For example, Kansas does not allow wage garnishments on purchased debt.
When you have money that is owed to you, whether you are a business owner or other professional, this is very stressful. When you hire a collection agency a lot of this stress is alleviated because you the professionals you are dealing with are experienced in debt collection. The staff at a collection agency is highly trained and experienced in all aspects of debt collection and know what works and what does not in various situations.
At Accounts Retrievable we have over 30 years of experience in debt collection. We serve a broad spectrum of industries, businesses and clients. If you have never worked with a collection agency before, we have friendly staff who are ready to help you through every step of the way. Working with our collection agency is very simple. Placing claims is very easy and straight forward. You can place a claim through our website, email or fax.
You may not be sure of when the right time is to hire a collection agency. We suggest that you place an account with us as soon as possible to increase the likelihood of us collecting on your account(s). There are not set parameters on when the exact right time is but we suggest placing a claim when you account is 90 days past the due date of the invoice. Others choose to wait 120 days and if you are not sure if it is the right time, we can help you out with that too. The purpose of working with a collection is to alleviate stress, not bring on more!
Accounts Retrievable Systems – Hiring A Collection Agency
Recovering money owed to you can be very stressful and next to impossible if you are not experienced in debt collection. The Accounts Retrievable System is a national collection agency that has over 30 years experience in debt recovery. Our client base includes a vast variety including retailers, wholesalers, credit unions, law firms, manufacturers, banks, mail order companies and universities. Our collection agency serves clients all over the United States against debtors all throughout the country and to help in your process of debt recovery.
At Accounts Retrievable our goal is provide fast efficient collection services at competitive rates among our competition. We work on a contingency fee basis, this is the standard in the debt recovery industry. What this means is that if we collect the money owed to you, we will earn a fee from the money collected. Also if we do not collect money owed to you, there is no charge to you for our efforts.
We serve a vast variety of businesses in many different industries and we also collect on many different types of accounts. We accept claims for judgments, commercial and consumer accounts and we specialize in unpaid child support and spousal maintenance. With all claims the minimum amount we will accept is $1,500. It is very simple to place accounts with us. Debt recovery has just become easier for you with our easy to use claim placement system. You can place your claim through our website, e-mail, or by fax. If you need further help in the claims placement process you can contact us and we are glad to help answer all questions that you may have.
Accounts Retrievable Systems – The Right Collection Agency
A collection agency is a business that pursues payments of debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.
There are many types of collection agencies. First-party agencies are oftentimes subsidiaries of the original company the debt is owed to. Third-party agencies are separate companies contracted by a company to collect debts on their behalf for a fee. Debt buyers purchase the debt at a percentage of its value, then attempt to collect it. Each country has its own rules and regulations regarding them.
A collection agency is a third-party agency, called such because such agencies were not a party to the original contract. The creditor assigns accounts directly to such an agency on a contingency-fee basis, which usually initially costs nothing to the creditor or merchant, except for the cost of communications. This however is dependent on the individual service level agreement (SLA) that exists between the creditor and the collection agency.
The agency takes a percentage of debts successfully collected; sometimes known in the industry as the “Pot Fee” or potential fee upon successful collection. This does not necessarily have to be upon collection of the full balance; very often this fee must be paid by the creditor if they cancel collection efforts before the debt is collected. The collection agency makes money only if money is collected from the debtor (often known as a “No Collection – No Fee” basis). Depending on the type of debt, the age of the account and how many attempts have already been made to collect on it, the fee could range from 10% to 50% (though more typically the fee is 25% to 40%).
Accounts Retrievable Systems – Debt Recovery Experts
When you own a small business you have enough things to worry about, recovering money owed doesn’t have to be one of them. Having past due accounts and clients that won’t pay is unfortunately part of running a business. We understand that although it is part of business, you don’t have to write off that money or stress yourself out trying to recover it yourself. When you hire a collection agency your stress and worry is drastically reduced. Our staff at Accounts Retrievable is highly trained and experienced in debt recovery. We know what works and what doesn’t in almost every debt recovery situation.
Accounts Retrievable is a national collection agency that serves the needs of respected clients. Our client base includes retailers, wholesalers, credit unions, law firms, universities, banks, manufacturers, and mail order companies. We have experience with debt recovery with all different businesses of all different sizes. We receive claims from creditors throughout the United States against debtors all throughout the country. The skilled professionals are experienced in all aspects of debt recovery.
We are experienced in Judgment Collection, Commercial and Consumer Collections, and specialize in unpaid Child Support and Spousal Maintenance. The minimum amount for claims that we will accept is $1,500. There are no upfront charges to pay when you work with our collection agency. In the collection industry, working on a contingency fee basis is the standard. What this means is that if we collect the money owed to you we will earn a fee from the money collected. If we are unsuccessful with the collection of your account, we do not charge a fee to your for our efforts.
Accounts Retrievable Systems – Debt Collection Services
For over the past 30 years Accounts Retrievable System has been delivering highly effective results for clients throughout the United States and even on a worldwide basis. Accounts Retrievable System has been recognized as a leader in Judgment Collections, Consumer Recovery and Commercial Collections. We specialize in the collection of Child Support and Spousal Maintenance. Through our partnership approach we can provide rapid collection and the ability to preserve client relationships.
We pride ourselves in striving to remain a leader in the industry. We are comprised of a strong, cohesive and very dedicated team. When you hire a collection agency you want to find one with a consistent track record for successful outcomes. Our successful outcomes stem from a forward-thinking corporate mix where personal and professional aspirations thrive and progressive ideas flourish.
One of the most important factors you should consider before you hire a collection agency is choosing one that is kept current on all laws and statutes. Our team at Accounts Retrievable System is kept current on all laws, FDCPA and FCRA compliance through ongoing education and by attending seminars. We are affiliated with the Commercial Law League of America (CLLA), the American Collectors Association (ACA) and DBA International (DBA).
There are many reasons to choose Accounts Retrievable System. We have experience and integrity spanning over three decades. Most of the claims collected by us are done so without forwarding additional legal costs. We are bonded and insured by the ACA. We use a state of the art web application that allows paperless claims placement and constant email communication with our staff. If you need to hire a collection agency, call us and our expert staff is here to answer all questions you may have in regards to debt recovery.
Accounts Retrievable has been serving the respected needs of clients in the collections industry for over 30 years. We pride ourselves in constantly striving to remain a leader in the industry. We collect claims from creditors from all over the United States against debtors throughout the country. We specialize in Judgment collection, Child Support and Spousal Maintenance along with other areas of debt recovery.
We accept accounts such as Judgments, Commercial and Consumer accounts, Unpaid Child Support, Spousal Maintenance, Landlord/tenant matters, personal loans, auto loans and student loans. The minimum debt we will collect on is $1,500.00. We collect on international accounts as well. Accounts Retrievable is your global resource for all international collections.
There are no uproot charges to pay when you work with us. All of our fees are contingent upon successful collect of your accounts. We do not require a contract when yo work with us. Placing an account with us is very simple. Whether you have one account or a large value it is simple. You can place a claim through our website, e-mail or by fax.
The placement process of claims is completely customizable, we work with you to find out what will be easiest for you. For clients that will require assistant in establishing an automated process, we can provide the technical expertise to help extract and transmit your data securely.
Determining when you should place your accounts for collections is different for everyone. There are no set rules or parameters on when you should place an account but a good guideline would be 90 to 150 days from the date of the invoice or last payment. The sooner you place an account with us the greater change of recovering the money owed to you.
Accounts Retrievable Systems – Why Use A Collection Agency
Accounts Retrievable is a national collection agency that serves businesses of all sizes and a large variety of different industries. We serve clients that include wholesalers, retailers, credit unions, manufactures, banks, and mail order companies. We receive claims from creditors all over the United States against debtors all throughout the country. Our highly skilled team of professionals are experienced in all aspects of debt recovery.
For over thirty years Accounts Retrievable has been providing highly effective results for clients on a worldwide basis. We are recognized as a leader in the industry. We specialize in judgment collections, commercial collections, consumer recovery, and the collections of child support and spousal maintenance. With our partnership approach, we provide rapid collection and the ability to preserve relationships from the cornerstone of our commitment to excellence.
If you need help collecting a Judgment that has been ruled in your favor, we can help. When a judgment is entered in your favor entitles you to certain remedies under the law allowing us to collect the balance due. Remedies we may use to collect on the judgment owed to you are garnishment of debtor’s bank and brokerage accounts and garnishment of wages.
The goal of our collection agency is to provide fast and effect collection services at competitive rates. The standard in the collections industry is working on a contingency fee basis. This means if we collect on the money owed to you, we earn a fee from the money collected. If we do not collect the money owed to you, there is not charge to you for the efforts that we put in.
Accounts Retrievable Systems – Use A Collection Agency
Accounts Retrievable has delivered professional and highly effective results for over 30 years. We serve the collection needs of clients on a worldwide basis. Accounts Retrievable is recognized as a leader in judgment collections, commercial and consumer recovery and we specialize in child support and spousal maintenance (alimony). With our partnership approach, rapid collection and ability to preserve relationships from the cornerstone of our commitment to excellence.
With over three decades of collections experience with both domestic and international accounts, we serve a broad spectrum of industries. Our clients benefit from an array of solutions that are designed to reduce expenses, increase cash flow, improve operational efficiency and maintain positive customer relations. We pride ourselves on our ability to deliver professional, effective and timely results on a worldwide basis.
We strive to remain a leader in the collection industry and are comprised of a strong, cohesive and committed team. We have a consistent track record for successful outcomes and it stems from a forward-thinking corporate mind where personal and professional aspirations thrive and progressive ideas flourish. All of our team members are kept current on all laws and statutes in regards to debt collection. Our employees will go through ongoing education by attending seminars and meetings throughout our affiliations.
