Accounts Retrievable Systems – Information About Judgment Collection
Accounts Retrievable is your global resource for international collections. We accept a broad variety of accounts such as Judgments, Commercial & Consumer accounts and we specialize in collecting Unpaid Child Support and Unpaid Alimony (Spousal Maintenance). The minimum account we will collect on is $1,500. There are not upfront fees, all of our fees are contingent upon successful collection of your accounts. All of our fees are contingent, we only get paid if you do.
If you are looking for an easy way to place your account or accounts, we have an easy placement system on our website. Whether you have one account to place or a large volume you can place them through our website, e-mail or by fax. We have made our placement process completely customizable so you can place you account in the easiest manner for you.
Determining the best time to place your account may vary due to your specific situation. Although there are no set parameters, we suggest that a good guideline would be 90 to 150 days from the date of the last payment or invoice. There are some situations in which you should place your account sooner such as loss of contact, broken promises, mail returns or lack of response. The sooner you place an account with us, the better chance that we have to recover your money.
Information that we need to start the collection process are the name, address, contact name, telephone and fax number and a statement from you showing the outstanding balance and invoice(s) information. Judgment collections require a copy of the Judgment or transcript. All additional backup documentation can be provided at the time of placement or at a later date. Backup documentation includes invoice copies, contracts, etc.
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 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 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.
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.
