Accounts Retrievable – Hiring The Right Collection Agency For You
When hiring a collection agency you want to be sure that they are in compliance with all laws in regards to debt collection. The Fair Debt Collection Practices Act was created in 1978 in order to eliminate harassment of consumers in the process of debt collection. This Act provides a list of do’s and dont’s when you are collecting debts.
Accounts Retrievable Systems is a national collection agency that is in compliance with all debt collection laws. All phone contact must be between 8:00am and 9:00pm, local time, any other phone contact is strictly prohibited by the FDCPA. Also when a debt collector receives a written notice to cease communication, they must immediately stop communication and then collection can only be done by litigation. There are other obvious prohibited behaviors such as never using abusive language.
ARS’s legal solution is centered around our network of experienced collection attorneys. Our Forwarding Department coordinates litigation services for all 50 states and beyond. By having successfully litigated tens of thousands of cases for creditors, our legal network has the litigation experience to help our clients achieve maximum results and minimize any potential exposures.
Accounts Retrievable Systems – Effective Debt Collection
Collecting debt can be stressful. We’ve provided tips in this article for effective and efficient debt collection. Debt collection can sometimes be an easy process but more often it is a tedious and tiring job. Bad debt seems to be a growing problem that is effecting businesses large and small, almost every company has its share of non paying customers.
The first and most important thing is you need to learn about your debtor. You should have a clear knowledge about your client’s account details and their credit report. This helps when you call and talk to the person. First and foremost you must always maintain a professional attitude when dealing with debtors. There are specific laws regarding debt collection that you should be familiar with, especially as to never harass your debtor. Always maintain a calm composure.
When trying to collect on past due accounts, writing is always better than calling. Sending debt collection letters are a highly effective way of collecting money that is owed to you. Customers are more likely to pay off their debts after receiving a series of collection letters. This can be less stressful than calling and being ignored. Always stay focused when making attempts at debt collection. Limit the amount of excuses that your debtor will use.
Remember to be cooperative and understand that your customer ma have financial problems, formulate a reasonable payment plan that will suit the debtor. This helps you to retain a good relationship with your customer. If you are attempting at making collections on your own be sure to read up on the Fair Debt Collection Act. If you decide you do not have the time or money to spend on debt collection, you can hire a collection agency.
Accounts Retrievable Systems – What A Collection Agency Does
Hiring a collection agency can not only save you time and effort but can also recover money that would have otherwise been deemed uncollectible. It is more important for you to focus on your business than chasing after money that is owed to you. When you use a collection agency you can add more money to your company that would have otherwise been written off.
During today’s tough economy it can be hard for your company to collect debt owed to you. With financial crises happening more often these days, your company may find it extremely difficult to collect on past due accounts. When hiring a collecting agency they are equipped with the skills and knowledge needed to collect money in nearly almost every situation. You can continue on with other business, and focus on customers that are paying and let the debt collectors do all of the necessary footwork to collect your money.
This can provide peace of mind for you and relieve the stress that you have been experiencing over trying to collect on your past due accounts. Our collection agency has a very high success rate on collecting debts. Since 1986 ARS has been a recognized leader in judgment collections, commercial collections and consumer recovery serving clients worldwide.
Accounts Retrievable Systems – Benefits Of Hiring A Collection Agency
When making the decision to outsource debt collection to a collection agency there needs to be a great deal of consideration into this. Once the decision is made now a great deal of consideration needs to go into hiring the proper collection agency for you. In a perfect world you would provide your customer with a service and they would pay you in a timely fashion. We know that this isn’t always how the world works and this is why collection agencies exist.
If you own a company you know that there will be delinquent customer payments, as they are often unavoidable. If your company does not have an in house collections department otherwise known as a first party agency, you may have to hire an outside collection agency knows as a third party agency. Investment of time, money and manpower are often too consuming to handle debt collections alone. Unless you are a skilled professional in the debt collection field you may be wasting a lot of valuable time and effort that will only be wasted in the end with failed efforts.
Third party collection agencies specialize in pursuing past due accounts. It is best to leave debt collection up to professionals as they know the proper techniques to collect on late payments. If you hire a collection agency and their efforts to collect the money owed to you fail there is no time or money wasted by you. If the collection agency you hire collects on the past due accounts they will charge you a fee, but if they do not there will be no fee. Accounts Retrievable Systems is a national collection agency which serves the needs of wholesalers, retailers, credit unions manufacturers, law firms, banks, universities, and mail order companies.
Accounts Retrievable Systems – How A Collection Agency Can Help You
If you are a small business with a limited staff, hiring a professional collection agency can help save you time and money by collecting on past due accounts. When you try to collect on your own, if you are not successful that is time wasted, and we know that time is money. If you hire a collection agency and they are unsuccessful they do get any money, and so you have not wasted any time. Also hiring a professional collection agency helps because generally they get better results. This is because they have the time and experience collecting debts that you do not have.
So now that you have realized it is time to hire a collection agency, how do you find one that is right for you? The key is in finding a reputable collection agency to assist you. It is best to look into agencies that collect unpaid debts for small businesses and work within the industry you are trying to collect in. You should choose an agency that has experience in collecting debts for the type of business operation you run. If the people who owe you money are a commercial company it is best to choose an agency that goes after commercial debts.
To insure that the collection agency you are hiring is reputable you should check their references first. When contacting a reference, you can ask them how long they have been using that agency for their collections and if they have been successful and even methods they have used. Finding out how long a collecting agency has been in business is important because it shows their experience. A well-established collection agency is likely to have a good reputation.
Our collection agency is reputable and well experienced. We collect on accounts such as past due child support, judgments, alimony, past due medical bills and even past due rent. The Accounts Retrievable System, Inc is a national collection agency serving the collection needs of respected clients. Its client base includes wholesalers, retailers, credit unions, manufacturers, law firms, banks, universities, and mail order companies. The company receives claims from creditors all over the United States against debtors throughout the country. Our skilled professionals are experienced in all aspects of debt recovery.
Accounts Retrievable Systems – Hiring A Collection Agency
When you are owed debt and have tried time and time again, you might be thinking, is NOW the time to contact a collection agency? If you are unsure when is the “right” time to hire a collection agency, we’ve written this article to help you better understand when and why to hire a collection agency. Accounts Retrievable Systems has it’s own FAQ page for any questions that you might have in regards to debt collection.
Generally when you have an accounts that is 90 days past due or 120 days after the invoice date, you should make a placement with a collection agency. If you have tried contacting the customer and you can not reach them when there accounts it that over due, hiring a collection agency can help get the money that is owed to you. The longer you wait to place collections, the chances of us collecting on your account(s) gets smaller. We have had much success with collecting on accounts that seemed to “uncollectable”.
We know that if your accounts is 90 days overdue you have made attempts yourself at collecting on the account that is overdue. This can be very stressful when trying to focus on new business and paying customers, you have to take time out to try and collect on an account only to be unsuccessful. All of our staff and attorneys specialize in debt collection and can relieve this stress that you have been experiencing.
We collect on international accounts, judgments, past due child support and provide many other services. To find out more about the services we offer, check out our Services page. As with all collection agencies there is a fee if, and only if we collect on your account. We work on a contingency fee basis, meaning we only collect money from you if we collect on your account. If you’ve never worked with a collection agency before, we can help you better understand what we are all about. Give us a call today if you are having problems with debt collection of any type of account.
Accounts Retrievable Systems – Why Use A Collection Agency
When you have a client who owes you money, chances are you are very stressed out. Placing an account for collection with Accounts Retrievable is stress free. Our collection agency has a very simple method for placing collections. Whether the account you are placing is one, or a large volume or accounts, the process is simple. We have an online application where you can place your collection easily. You can also place an account with our collection agency through e-mail or fax.
Our collection agency works as most agencies do, all fees are contingent, which means we only get paid if you do. There are no upfront charges that you have to pay, as our fees are based on the successful collection of your accounts. If we do not collect on your accounts, there is no fee. We collect on international accounts. Accounts Retrievable System is your global resource for all international debt collections. Many people will ask us if there is a minimum debt that we collect on. That is one of the questions we are most commonly asked. The minimum accounts that we will collect on is $1,500.
Accounts Retrievable System is a collection agency that collects on all types of accounts. We accept accounts such as judgments, commercial accounts, unpaid child support, consumer accounts, landlord/tenant matters, spousal maintenance, auto loans, student loans and personal loans. We begin to collect on these accounts as soon as 48 hours after our attorneys receive the claim.
Our success rate on collecting accounts depends on the age of the debt at the time of placement and varies depending on the industry on which debt is owed. Of course there is not guarantee that we can collect on your accounts, but we do guarantee that each and every account placed with us is worked thoroughly.
Accounts Retrievable Systems – Hiring A Collection Agency
A collection agency is a business that serves to pursue payments of debts that are owed either by individuals or businesses. Collection agencies are basically agents of creditors and will collect your debts for a fee or percentage of the total amount collected. Most collection agencies are third party agencies, they are called this because they are not a party to the original contract. When working with a collection agency understand that they work on a contingency-fee basis, which means there will usually be no initial cost to you. When you hire a collection agency it is important to know that they only make money if they collect the money that is owed to you, this is a “No collection – No Fee” basis.
The fee that will be charged after an accept has been collected can vary. Depending on how old an account is and how many collection attempts have already been made, the fee can range from 10% – 50% but typically fees range from 25% – 40%. Hiring a collection agency that is highly motivated to collect on your debts is important but so is hiring an agency that follows The Fair Debt Collection Practices act. There are state laws that protect consumers and it is vital that your collection agency follows these laws.
In the United States many states and a few cities require that collection agencies be licensed and/or bonded. Accounts Retrievable is a licensed and bonded collection agency! We are committed to collecting on your past due accounts while keeping the integrity of our agency. We follow all laws while collecting on accounts. This is part of what sets our agency apart from the rest. We also have an online form where you can easily make a claim in the convenience of your own home.
Accounts Retrievable Systems - The Right Collection Agency
When choosing a collection agency there are many things to consider. Our collection agency has three decade of experience both internationally and domestically, we serve a broad spectrum of industries. Accounts Retrievable System strives to continue to be a leader in the collection industry. We are comprised of a cohesive, committed, strain team of staff members. We have a consistent track record for successful collection outcomes.
Why choose our collection agency? We have experience and integrity that spans over three decades. Most claims that are filed and collected by us are done without forwarding additional legal costs. Our collection agency is bonded and insured by the ACA. We are always focused on our commitment to building quality relationships with creditors of all sizes and of all industries which results in higher client satisfaction.
We hold integrity at ARS and are up to date with all collection laws and follow them all. Funds are remitted weekly to clients while all ethical procedures are followed. We have a worldwide network of collection attorneys that quickly address client’s needs and skillfully maximize recovery. We also have an application online that is state of the art and allows paperless claims placement and easy email communication with our staff. As much as 90% of our staff has been employed for at least 4 years our of the 24 years that we have been in business.
When filing a claim with us, the debtor is usually contacted within 48 hours of our attorneys receiving your claim. Our clients have been satisfied time and time again. We have competitive rates which are based solely on results, if we do not make a collection on your claim, there is no fee to you. If you choose our collection agency we can not guarantee your claim will result in collection 100% of the time but we can guarantee that we will put 100% into trying to collect your claim.
Accounts Retrievable Systems - Information About Judgment Collection
Trying to collect a judgment on your own can be very stressful, especially if you are not familiar with debt collection practices. Hiring a collection agency to help collect your judgment is a smart move. We can help you with any questions you may have in regards to debt collection. One question we hear quite often is “At what point does a Judgment become “uncollectable”? The answer to this is almost never. Rarely does a judgment become uncollectable. Most judgments are valid for 5 – 20 years. Sometimes when we cannot collect on a judgment after exhausting all of our efforts we may review the file again in a year or too and see if the debtor’s financial status has improved in any way.
We have been successful in collecting judgments that are 2, 4 and ever 7 years old or longer. If you have a judgment that is three years old, send it to our office immediately. We have had much success in collecting judgments that are years old. Now collecting a judgment when the debtor has filed bankruptcy can be difficult. In many cases the judgment will become uncollectable but you can send it to our office anyway with the necessary paperwork so that we can check it out. We work online in real time with the United States Bankruptcy Courts and through this we can very easily obtain the status of any bankruptcy filing.
Hiring a collection agency is very beneficial to both individuals and businesses. We know that you are busy in your lives working on the future and that becomes difficult when trying to collect from the past. We can help you with this, our employees are experts on debt collection and have proved time and time again our success with collections. If you have any claim that you are unsure of, whether it be if it is collectable or not, send it to us right away and we will get started on that for you.
