No Collection…No Fee
When you hire Accounts Retrievable as a collection agency, we work on a contingency fee basis. This is usually the standard in the debt collection business. What this simply means is that if for any reason we do not collect your debt, there is no fee to pay for our services. Contingency collections is effective for individuals and businesses looking to collect debts. Companies that have older debt benefit from the contingency fee method because old unpaid debts are the hardest to collect and there is no out of pocket expense to get started.
COMMERCIAL COLLECTION DIVISION
RATES: Contingent Upon Collection
Before Litigation:
29% of collections
After Litigation:
When suit is recommended, the client’s authorization will be required. Should suit be authorized, creditor will be responsible for advancing the 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, the client’s authorization will be required. Should suit be authorized, creditor will be responsible for advancing 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
35% 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.
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.
OTHER TERMS AND CONDITIONS
A. Return of Merchandise- When the client elects to accept a return of merchandise, one-half of the applicable rate will be charged on the value of the returned merchandise.
B. We must be advised of direct payment immediately by fax or telephone. It is important to let us know as soon as possible that a payment has been made directly to you to avoid the potential of violating Federal and/or State collection Laws. (i.e. FDCPA)
C. After an account has been placed for collection, any payments made direct to our clients are subject to full fees as detailed above.
D. Court Costs must be advanced if the Judgment Debtor moves to another state and you desire to domesticate your Judgment in the “new” state.