Accounts Retrievable Collection Agency – Enforcing A Judgment
If your business has struggled with collecting on past due accounts, you may want to consider hiring a collection agency. If you’ve already made the decision to hire a collection agency, consider us. The Accounts Retrievable is a national collection agency that serves the needs of respected clients on a worldwide basis. Our clients include many different industries and different types of businesses such as wholesalers, retailers, credit unions, law firms, universities, banks, manufactures, and mail order companies. We receive claims from creditors all over the United States and even internationally. We receive claims against debtors all throughout the country. All of the staff at Accounts Retrievable are professionals and experienced in every aspect of debt recovery.
At Accounts Retrievable, our goal is to provide fas and efficient collection services at competitive rates. The standard in the collection agency is collecting on a contingency fee basis. We work on a contingency fee basis which means that if we collect we earn a fee from the money collected. If we do not collect on your account(s), we do not charge you for our efforts.
We collect on different accounts such as Judgments, past due child support, past due alimony, and other accounts from all different businesses and industries. If a judgment is entered in your favor this entitles you to certain remedies under the law. These laws enable us to collect the balance due on your judgment. Remedies that we will use to collect your judgment include garnishment of debtors bank and brokerage accounts, garnishment of wages and levy and execution of personal property. Personal property includes automobiles, boats, equipment, etc. And in exceptional cases we can levy and execute real estate and business assets.
Creditors often wonder when they should place an account with a collection agency. Accounts should be placed with a collection agency if an account is 90 days delinquent and you have received no response from the customer.
Accounts Retrievable Systems – Should You Hire A Collection Agency?
We serve a broad spectrum of clients such as credit unions, retailers, law firms, wholesalers, banks, universities and even mail order companies. ARS Collection Agency will receive claims from all over the United States against debtors all throughout the country. Their company is staffed with only skilled professionals with experience in all aspects of debt collection.
It is important to keep up with any overdue accounts because over time, your chances of collecting the money owed decreases drastically.
We collect on a variety of different accounts. We accept judgments, commercial accounts, unpaid child support, spousal maintenance, consumer accounts, auto loans, personal loans, student loads and landlord/tenant matters. The minimum debt we will collect on is $1,500. There are no upfront charges or fees, our fees are contingent upon successful collection of your accounts.
Accounts Retrievable Systems – Collecting Your Judgements
Since 1986, ARS has delivered professional, highly effective results for clients on a worldwide basis. ARS is recognized as a leader in Judgment Collections, Commercial Collections, Consumer Recovery, and is a specialist in collection of Child Support and Spousal Maintenance. Our partnership approach, rapid collection and ability to preserve relationships form the cornerstone of our commitment to excellence.
FORWARDING SERVICE : We forward your account to attorneys in the debtor’s locale for either collection or suit. We forward accounts to attorneys who are bonded and are chosen from the membership in the Commercial Law League of America and NARCA, the most distinguished associations of attorneys engaged in collection law. Execution of our placement form constitutes authority to forward your claim to local counsel. No legal action will be initiated by any attorney without your authorization. If legal proceedings are recommended and approved, there are required costs, including advanced court costs and/or suit fees, to be paid.
Every claim entrusted to us, regardless of the amount placed, will receive the same high quality collection effort.
Upon receipt of the debtors’ file, the designated attorney researches it and provides to ARS an overview with a recommendation as to whether litigation is a viable option. Their recommendation is based upon several factors including the debt amount, location, operational status, the ability to serve the debtor and other relevant criteria.
In the case of Judgments, an initial demand letter is sent to the debtor requesting payment in full as to the Judgment principal, along with all post-judgment interest allowed by law.
Accounts Retrievable Systems – Having Trouble With Debt Collection?
Our focus is on the specific needs of each client’s portfolio, whether it is for one claim or for thousands and is built on systems and personnel already developed, tested, and proven on a day to day basis. ARS will never close an account until every collection option has been exhausted.
Our services are based on a contingency fee arrangement; therefore if our attempts to collect are not successful, you will not be charged! We’ve provided below a summary of the collection fees that we do charge if we are successful upon collecting your account.
CHILD SUPPORT / SPOUSAL MAINTENANCE COLLECTION DIVISION
RATES: Contingent Upon Collection
33% of collections, net, after execution costs. Such costs include, and may not be limited to, Sheriff Fees, Marshal Fees, Attorney Fees, and Court Costs.
JUDGMENT COLLECTION DIVISION
RATES: Contingent Upon Collection
33% of collections, net, after execution costs. Such costs include, and may not be limited to, Sheriff Fees, Marshal Fees, Attorney Fees, and Court Costs. You should note that if the Judgment Debtor moves to another state, and you desire to domesticate your Judgment in the “new” state, you must advance the local Court Costs to domesticate your Judgment.
INTERNATIONAL CLAIMS
39% of collections
Foreign attorneys may require retainers or handling fees as is customary in their country and such rates will be quoted in our lawsuit requirement letter prior to authorization. ARS is fully compliant and adheres to all Federal and State Collection practices regulations. We follow high standards for compliance, confidentiality, and privacy requirements. Our company’s commitment is to constantly reinvest in our employees, new technology, recovery resources, professional staff, legal solutions, and innovative systems and procedures. ARS strives to remain a leader in the industry.
Accounts Retrievable Systems – Collection Agency Will Collect
When placing an account with our collection agency you may fax or email your judgment to our office. We will always follow up with an acknowledgment of receipt and prove you with a “Placement Form” in which you need to sign. This form reflects the fact that the Judgment is not paid and you desire us to collect it for you. When a judgment is entered in your favor allows us to practice certain remedies under the law. These laws allow us to collect the balance due. Remedies that we use to collect Judgments may include:
– Garnishment of the debtor’s bank and brokerage accounts.
– Garnishment of wages.
– Levy and execution of personal property including automobiles, boats, equipment, etc.
– Levy and execution on real estate and business assets, in exceptional cases.
Fees that we will charge for Judgment collection are as follows:
RATES: Contingent Upon Collection
33% of collections, net, after execution costs. Such costs include, and may not be limited to, Sheriff Fees, Marshal Fees, Attorney Fees, and Court Costs. You should note that if the Judgment Debtor moves to another state, and you desire to domesticate your Judgment in the “new” state, you must advance the local Court Costs to domesticate your Judgment.
If you have had trouble will collecting a Judgment that was entered in your favor, let us help you. The professionals at our collecting agency have years of experience in collecting past due Judgments. They know which tactics are most effective in collecting Judgments in different situations.
Accounts Retrievable – Hiring The Right Collection Agency For You
The Accounts Retrievable System is a well established national collection agency that serves the collection needs of respected clients. The client base of ARS includes wholesalers, retailers, credit unions, manufacturers, banks, law firms, universities and mail order companies. We receive claims from creditors all over the United States against debtors all throughout the country. Our skilled professional expert debt collectors are experienced in all aspects of debt recovery.
Every collection agency will charge you a fee for recovering money owed to you. Our goal is to provide fast and efficient debt collection services at competitive rates. We work on a contingency fee basis, which is standard for collection agencies. What this means is that if we collect the money owed to you, we will earn a fee from the money we collect. If we do not collect, there is no charge to you for the efforts that we put in to attempt to collect your money. This is why we highly suggest to place any account with us no matter the age of it. It is also highly recommended that you place an account with us as soon as possible but even if it has aged a bit you can still place it with us and we will put in every effort possible to collect.
Here are a basic list of the fees we charge for collection on different accounts:
COMMERCIAL COLLECTION DIVISION
RATES: Contingent Upon Collection
Before Litigation:
29% of collections
After Litigation:
When suit is recommended, client’s authorization will be required. Should suit be authorized, creditor will be responsible for advanced court costs. Court Costs vary from state to state and these rates will be quoted in our lawsuit requirement letter prior to authorization.
39% of collections
Large claims (over $500,000) – rates negotiable on an individual basis
CONSUMER (RETAIL) COLLECTION DIVISION
RATES: Contingent Upon Collection
Before Litigation:
34% of collections
After Litigation:
When suit is recommended, client’s authorization will be required. Should suit be authorized, creditor will be responsible for advanced court costs. Court Costs vary from state to state and these rates will be quoted in our lawsuit requirement letter prior to authorization.
44% of collections
JUDGMENT COLLECTION DIVISION
RATES: Contingent Upon Collection
33% of collections, net, after execution costs. Such costs include, and may not be limited to, Sheriff Fees, Marshal Fees, Attorney Fees, and Court Costs. You should note that if the Judgment Debtor moves to another state, and you desire to domesticate your Judgment in the “new” state, you must advance the local Court Costs to domesticate your Judgment.
CHILD SUPPORT / SPOUSAL MAINTENANCE COLLECTION DIVISION
RATES: Contingent Upon Collection
33% of collections, net, after execution costs. Such costs include, and may not be limited to, Sheriff Fees, Marshal Fees, Attorney Fees, and Court Costs.
Accounts Retrievable Systems – Debt Collection Services
In 1986, The Accounts Retrievable System, Inc. (ARS) established a national network of leading collection attorneys who excel in their field to handle all phases of the collection cycle.
FORWARDING SERVICE : We forward your account to attorneys in the debtor’s locale for either collection or suit. We forward accounts to attorneys who are bonded and are chosen from the membership in the Commercial Law League of America and NARCA, the most distinguished associations of attorneys engaged in collection law. Execution of our placement form constitutes authority to forward your claim to local counsel. No legal action will be initiated by any attorney without your authorization. If legal proceedings are recommended and approved, there are required costs, including advanced court costs and/or suit fees, to be paid.
Every claim entrusted to us, regardless of the amount placed, will receive the same high quality collection effort.
Upon receipt of the debtors’ file, the designated attorney researches it and provides to ARS an overview with a recommendation as to whether litigation is a viable option. Their recommendation is based upon several factors including the debt amount, location, operational status, the ability to serve the debtor and other relevant criteria.
In the case of Judgments, an initial demand letter is sent to the debtor requesting payment in full as to the Judgment principal, along with all post-judgment interest allowed by law.
We streamline access to critical information with-
User-friendly reports ― valuable updated information adapted to your needs. Immediate notification of resolutions. Personal service and ease of communication.
Our attorney network was created to negotiate payments, resolve disputes and settle cases quickly and professionally. Additionally, links to federal and state agencies and industry-only databases allow us to perform thorough searches AT NO COST TO YOU.
Although we work closely with these attorneys, the attorney represents you and remains under our direction at all times. Any legal proceeding or any settlement comes only with your approval.
Forwarding Claims- Claims forwarded to attorneys are monitored closely by ARS’s experienced forwarding department. ARS’s attorneys accept all claims from us only on a contingent basis. Creditors will receive copies of attorney correspondence.
Skip Tracing- Our tenured skip tracers specialize in locating missing debtors. To assist them, they have access to ARS’s several “for-our-eyes-only” databases loaded with information. Other resources utilized by our skip tracers include:
– Accurint®
– Acollaid™
– PACER
– Credit reporting bureaus
– Dun & Bradstreet
– Property records
– UCC-1 filings
– DMV records
– Tax records
– Civil & criminal filings
– Asset location
– Business entity search
– Deceased records
– Personal locator
– Global business finder
– Judgment & tax lien records
– SSN, DOD & DOB resources
– Bankruptcy records
– Near-bys & landlords
Accounts Retrievable Systems – Collecting On A Judgement
What do I do if I have a Judgment in New York and the debtor moves to another state?
Send the Judgment to us so we can assess whether the Judgment should be brought (transcribed) to the new state of the debtor. In many cases it does pay to follow the debtor to the new state.
I have a Judgment that is three years old. Can I send it to your office to collect or is it too old?
Send it immediately. We are very successful with Judgments that are 2, 4, or 7 years old or longer.
Is my Judgment uncollectable if the debtor filed Bankruptcy?
In many cases, the answer is yes. But send us your Judgment and paperwork to us so we can check it out. We are online in real time with the US Bankruptcy Courts and can easily obtain the status of any bankruptcy filing.
At what point does a Judgment become “uncollectable”?
Rarely. Most Judgments are valid from 5 to 20 years. Even if we cannot collect on the Judgment after we have exhausted our current collection efforts, we may review the file a year or two later, to see if the debtor’s financial position has improved.
My separation Agreement called for spousal support payments, and my spouse stopped paying me. Can you collect the arrears that are due to me?
Yes, we specialize in spousal support and alimony collections.
Is there any additional cost to me if an account has to go to litigation?
Yes. Our attorney will never litigate an account without your consent. Once you authorize us to begin litigation, our attorney will commence the action against the delinquent debtor. Court disbursements are the fees charged by the process-server to serve the summons and complaint. A fee is also charged by the court to purchase a Court index number. Currently, the disbursement fees generally run between $250.00 and $600.00.
Accounts Retrievable Systems – Pay Your Debt Collection
Accounts Retrievable is a national collection agency that has been serving the respected needs of clients for over 30 years. We are a collection agency with integrity and follow all laws, rules and regulations in regards to debt collection. When hiring a collection agency to recover money owed to you, be sure to ask as many questions as you feel necessary to feel comfortable. We have provided questions and answers that we are most commonly asked.
If your collection agency doesn’t collect anything am I still charged a fee?
No collection, No Fee! Our fees are contingent upon successful collection of your accounts. All fees are contingent, which means we only get paid if you do. There is no minimum or maximum placement volume required.
How should I determine when an account should be sent for collection?
There are no set parameters, but a good guideline would be 90 to 150 days from date of invoice or last payment. Circumstances such as loss of contact, broken promises, mail returns or lack of response would be signs that the account should be forwarded sooner. The sooner the open items are sent to collection, the better chance for recovery. This chart shows that the longer you wait to collect your receivables, the less likely it will be that you collect those receivables.
What information do you need to collect my account?
To start the collection process we need the name, address, contact name, telephone number, fax number, and a statement showing the outstanding balance and the invoice(s) information. For Judgment Collections, a copy of the Judgment or Transcript is required. Additional backup documentation (invoice copies, contracts, etc.) can be provided at time of placement or at a later date.
Do you have a minimum number of months the account is worked by your attorneys before you close it?
No. Generally we will work a file for at least 90 days, at which time we should have a determination as to its collectability. Should circumstances dictate, we could close the file earlier (bankrupt, out of business, skip, paid, or settled) or hold them (solid contact, negotiating payment, payment plans, litigation, Judgment execution, etc.) longer.
Accounts Retrievable Systems – Debt Collection Services
When you own a business and you are owed money you may want to consider hiring a collection agency. Before you hire any collection agency it is best to do research. There are questions that you will want to ask before hiring a collection agency. We’ve provided below a few standard questions that you would ask and answers from our collection agency.
Do you have a minimum debt you will collect on?
The minimum amount for Claims we accept is $1,500.00.
What type of accounts do you collect?
ARS accepts Judgments, commercial accounts, consumer accounts, unpaid child support, spousal maintenance, landlord/tenant matters, auto loans, personal loans, and student loans.
Do you collect international accounts?
Yes. ARS is your global resource for all international collections.
What is your fee structure?
All fees are contingent, which means we only get paid if you do. There is no minimum or maximum placement volume required.
Are there any upfront charges to pay?
No. Our fees are contingent upon successful collection of your accounts.
Do you require a contract?
No.
How do I place my accounts for collection?
Whether it is one account or a large volume, placing with ARS is very simple. You can place through our website, e-mail, or by fax. The placement process is completely customizable – whatever is easiest for you. For those clients that may require assistance in establishing an automated process, we can provide the technical expertise to help extract and transmit your data securely.
