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.
Call Accounts Retrievable System For More Info at (800) 327-4687