Accounts Retrievable Systems – Hiring A Collection Agency
The Accounts Retrievable System is a national collection agency that serves a broad base of respected clients. We serve clients such as retailers, wholesalers, law firms, banks and universities, along with other types of industries. Since ARS collection agency is national, we receive claims from creditors all of the United States against debtors all of the country. The company is staffed with skilled professionals who are experienced in every aspect of debt recovery.
Our goal is to collect your money as fast and efficient as possible. We want to provide our collection services to you at competitive rates. Our collection agency works on a contingency fee basis, which is a standard in the debt collection industry. What this means is that if we collect on your accounts, we will earn a fee from the money that we collect. This also means that if we do not collect, there is no fee to you for our efforts at collecting. This is why we suggest that an account of any age you should submit to us for collections, because even if we do not collect there is no risk for you.
Accounts Retrievable Systems – Debt Collection Services
A common question creditors often as is when they should place an account with a collection agency. Generally you would place an account with a collection agency when it is 90 days past due or 120 days after the invoice date. If there has been no contact with the customer then you should definitely consider placing your account with a collection agency.
If an accounts is 90 days past due you have probably sent out several statements or collection letters to your debtor. If you have tried bring attention to your customer and there is no response or you have received a response that they won’t pay it is time to place your account with us. There are a few instances where you might not wait the full 90 days after the due date, one being if the customer has already broken two or more promises of payment.
Sometimes it is not the best to hire a collection agency with the lowest fee. Every collection agency has a different fee for collection. Our fees are on a contingency basis, we do not collect a fee if we do not collect the money owed to you. If you need help collecting on the money owed to you, give a us a call and we can help you out.
Accounts Retrievable Systems – Hiring A Collection Agency
The Accounts Retrievable System is a collection agency that works with both international and domestic accounts. ARS has over 30 years of experience in the debt collection industry, and has provided clients with highly effective results on a worldwide basis. Clients of the ARS collection agency benefit from a variety of collection solutions that are designed specifically to increase cash flow, reduce expenses and to improve operational efficiency and maintain positive customer relations.
Every collection agency has a different success rate, and it is dependent on the experience of the staff and the age of the account at its time of placement. The staff at ARS collection agency will tell you that their success rate is largely depends on the age of the debt at the time of placement and always varies depending on the industry. There is no guarantee that a collection agency can always collect on past due accounts, but ARS provides a guarantee that each and every placement is worked thoroughly.
There are many variables that are found in every claim that is placed. Such variables include time past due, backup documents, signed credit applications, personal guarantees and previous collection efforts. ARS has clients in which they collect 70% of the accounts places, but also represents industries, and even companies within the same industry where the recovery rate is less. The longer a customer delays in paying a vendor, the lower the chances of recovery on that accounts. It is always worth placing a past due account with a collection agency because whether the collect the money or not there is no risk to you. If the money is not collected, you are not charged.
Accounts Retrievable Systems – How A Collection Agency Can Help You
Accounts Retrievable collection agency has delivered professional, highly effective results for clients since 1986. With three decades of experience with both domestic and international accounts, Accounts Retrievable serves a broad spectrum of industries. While being recognized as a leader in Judgment Collections, Commercial Collections, Consumer Recovery, ARS also specializes in collection of Child Support and Spousal Maintenance.
The minimum debt that we will collect on is $1,500. There are no upfront fees when working with our collection agency. Our fees are contingent upon successful collection of your accounts. Whether it is one account or a large volume, placing an account for collection with ARS is very simple. You can place a claim 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.
Determining when an account should be sent for collection may differ for different companies and different accounts. 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.
Accounts Retrievable Systems – Debt Collection Services
Our goal is to provide fast and efficient collection services at competitive rates. We work on a contingency fee basis, which is standard in the collection industry. That means that if we collect, we earn a fee from the money collected. If we do not collect, there is no charge to you for our efforts.
Accounts Retrievable is a national collection agency that serves the collection needs of clients. Our client base includes both wholesalers and retailers along with manufacturers, banks, universities and mail order companies. We receive claims from all over the United States against debtors throughout the country. Our collection agency is staffed with skilled professionals that are experienced in every aspect of debt recovery.
We use different remedies to collect on judgements that are ruled in your favor. A judgement ruled in your favor will entitle you to certain remedies under law. These remedies covered by law allows us to collect the balance due. Some remedies may include, garnishment of the debtor’s bank and brokerage accounts and garnishment of wages. Also in exceptional cases we the levy and execution on real estate and business assets may be necessary. The levy and execution of personal property including automobiles, boats and equipment is more common.
Accounts Retrievable is recognized as a leader in Judgment collections, commercial collections and consumer recovery. Since 1986 our collection agency has delivered professional and highly effective results for our clients worldwide. We also specialize in collection of Child Support and Spousal Maintenance. If you are considering hiring a collection agency, give us a call to find out more about how we can help you recover money owed to you.
Accounts Retrievable Systems – Dealing With Debtors
If you are concerned about money owed to you by an individual or a business, employing a collection agency can help you recover it. Collection agencies are equipped with the knowledge and skills that are needed when figuring out which methods will be most effective when collecting debt from debtors. As a business you should focus on current operations and other way to increase revenue and leave collections to the professionals.
Depending on the size of your business, you may not have the manpower to collect debts. A collection agency has the right amount of manpower that is specially trained for debt recovery. This is a highly specialized skill because of how complex it is to collect on money that is owed. Debt collectors have studied consumer behavior and know the ins and outs of their excuses to not pay and how to get around that. Debt collectors have mastered all the moves the a debtor will do to avoid paying. If you have money that is owed to you and have had trouble trying to collect it or if you just don’t know where to start, consider hiring a collection agency. When you hire a collection agency if they do not collect, they do not charge so there is no risk!
Accounts Retrievable Systems – Information About Debt Collection
Are you a business owner and have several debts in your accounts that have gone beyond and “normal” time frame for collecting? You might want to consider hiring a collection agency. There are different time frames for different types of businesses, and different accounts. Whether it is 60, 90 or 120 days overdue, and you have reminded your client to pay, and they haven’t yet, you might need to hire a collection agency to get this money that is owed to you.
If you have tried collecting on the debts by yourself, you may have already wasted time and efforts that you can’t get back. Stop wasting your time and money on collecting debts, only to fail, hire a debt collection expert. While debt collection agencies are not always successful, they have tactics of collecting debts that you may never have thought of and always show better results than a business owner with not debt collecting experience.
The thought of using third party collection services may have never occurred to you, but it is not too late. The only cost of hiring a collection agency is a percentage they take of the money if, and only if they collect the money that is owed to you. Instead of you wasting time and effort on collecting money only to fail, if you hire a collection agency and they do not successfully collect your money, you have wasted no money, time or effort. Hiring a collection agency is a simple process and will greatly relieve stress that you were experiencing over collecting money owed to you.
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.
