The strict guidelines of the Fair Debt Collections Practices Act (FDCPA) that regulate other types of debt collections does not apply to commercial collections. Commercial debt collectors at Accounts Retrievable are able to to take a custom approach to each claim as a result. Most debt collection agencies use script reading as in retail collections. However with our team of highly skilled commercial collectors, we are able to recover your debt dramatically better than other companies. As a professional debt recovery agency, we do not specialize in one thing or another. We can satisfy any type of claim as well as work our way through any industry.
Debt collections agencies in New York that specialize in one thing or the other do not have the experience to jump from one type of claim to another. Retail collection laws and commercial collection laws vary greatly. At Accounts Retrievable, our team of attorneys know how to navigate through laws in New York, nationwide, and internationally.
There are many types of debt collection services available to you. It is important to figure out which is right for you. With Accounts Retrievable, we can satisfy one claim or thousands. We can take a personal approach to claims such as child support collections. We also can strictly focus on more standard claims such as retail collections.
Collect Debt From Consumers: Retail Collections In New York
Accounts Retrievable is a reputable collection agency that fully adheres to all retail collections laws. The Fair Debt Collections Practices Act (FDCPA) has strict guidelines of what can be done and what can be said in order to collect consumer debts. Accounts Retrievable fully adheres to this law, while ensuring that your debt gets fairly and legally collected.
Retail collections carried out by Accounts Retrievable have proven to be the most effective economical solution for debt recovery. Once your claim is placed with ARS, a debt collection specialist assumes the responsibility of securing payment on that account. We use the latest technology and innovative techniques to locate, contact, report and secure payment for all claims.
There are different legal requirements for collecting different kinds of debt. The laws also vary from state-to-state and internationally. Accounts Retrievable is backed by a team of attorneys that are well versed in the collections processes in New York, nationwide, and internationally. When you are collecting debts from a consumer it is important to utilize a third party agency such as ARS because navigating the legal system can be daunting. If done incorrectly, it could result in legal punishments and fines.
There are many types of debt collection services and figuring out which is right for you is a vital part of getting the job done quickly and efficiently. Accounts Retrievable offers a wide range of debt collection services in New York, nationwide and internationally. When you are in need of debt collection, retail collections, or consumer collections, ARS is the solution to collecting outstanding debt. We also provide services for child support collections and spousal maintenance collections.
The first question you need to ask yourself is how many accounts do you need collected currently. Account Retrievable can address your debt recovery needs whether you have one claim or thousands. Many debt collections agencies can not address the needs of larger companies in need of retail collections or consumer collections. Even though we are a company that can handle a multitude of debt collections claims, we pride ourselves on being able to give every client our personal collection. Whether your claims are large or small, we have specialists and attorneys on hand who can give your needs personal attention.
There are many types of debt that we see clients inquiring about. Although some agencies specialize in one form of debt collection services or another, Accounts Retrievable has specialists that are deeply experienced in all categories of debt collection. Whether you are an individual or a business, we are here to help. We can assist individuals that are looking for judgment enforcement, judgment recovery, child support collection, or alimony collection. We can also assist companies with their retail collections, commercial collections and consumer collections.
Accounts Retrievable – Collecting Judgments In New York
At Accounts Retrievable we specialize in Judgment Collections in the state of New York. We are entitled to certain remedies under law to collect your judgment for you. We know the right tactics to collect Judgments, especially in the state of New York. We do charge fees to collect on your judgment, which is listed below:
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.
CCP Section 695.010(a) provides that all property owned by the debtor, subject to certain exceptions, is subject to enforcement of a judgment. Community property owned by a debtor’s spouse is included within the “all property owned by the debtor.”
Additional costs and interest may be added to the judgment. As money comes in from the debtor to the creditor, it is first applied to satisfy any additional costs and interest, and only then, the principal balance of the judgment. Interest accrues only on the original amount of the judgment unless judgments are periodically re-recorded, in which case interest compounds. Judgments continue to exist for 10 years from the date of the entry of the judgment.
Judgments may be renewed for additional terms of 10 years. Judgments are usually collected through the lien mechanism. The creditor will place a lien on the debtor’s real and personal property (by recording the judgment with the county recorder’s office or entering it with the Secretary of State), and the lien will be satisfied when the property is sold by the debtor or foreclosed upon by the creditor. Once the underlying judgment is satisfied, the lien must be released.
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.
Accounts Retrievable Systems – Debt Collection Services
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.
What is a Debtor?
The person who owes the bill or debt is the debtor. Debtors may fail to pay (default) for various reasons: because of a lack of financial planning or overcommitment on their part; due to an unforeseen eventuality such as the loss of a job or health problems; dispute or disagreement over the debt or what is being billed for; or dishonesty on the part of either the creditor or the debtor. The debtor may be either a person or an entity such as a company. Collection of debts from individual people is subject to much more restrictive rules than enforcement against a business.
What are Sale of Debts?
An increasing number of collection agencies, sometimes referred to as “debt buyers”, purchase debts from creditors for a percentage of the value of the debt and pursue the debtor for the full balance, sometimes plus “interest”. This prevents a debtor from merely defaulting or forgetting a debt. It also generates immediate revenue, albeit much reduced, for the creditor and reduces the public relations risks involved with defaulted debt collection.
Some states have specific laws regarding debt buying. For example, Kansas does not allow wage garnishments on purchased debt.
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 – 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 – 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.
