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Frequently Asked Questions
1. How do I
place an account?
We personally pick up local files, fax, disc, mail, or
electronic mail. However, if your business model for placements is not found
here let us know. We will make necessary arrangements to make your placements
possible.
2. Do I have
to have a judgement before I place the account?
No. We don't recommend going to court if you do not have
to. If after a placement court is necessary, we pay those fees up front.
Don't waste your time and money when you have other clients to take care of -
let us do that for you.
3. How long
past due must a debtor be before I can place it with your agency?
Time of placements all depend on your current schedule.
We don't encourage you to change that. We just encourage you to not give up
on the ones you don't collect. Remember, the longer you wait, the harder they
are to collect.
4. How much
will I have to pay to sign up with your company?
Nothing! Our success depends on yours.
5. How does
the agency get paid?
We work on 100% contingency. Our success depends on
yours.
6. Do you
report to the credit bureaus?
We will report to the Credit Bureau upon our client's
request.
7. What is the
collection process?
After placement, we will begin collections according to
the FDCPA. We have state of the art skip tracing tools that allow us to begin
collections effectively.
8. What forms
of payment do you accept?
·
Western Union
Code
City: RCRS
State: MN
·
Check by phone
·
Visa and Master Card
·
Standard mail in payments
9. How will I
know what is going on with our accounts?
You will receive a status report with all of your
updated information on all of your accounts monthly. We are always available
for any questions regarding your account status in the mean time.
10. What do I
do when a debtor calls me once we have placed an account with the agency?
Direct your client back to us if they contact you after
placement. It is illegal for two different people to be collecting on the
same debt.
11. Do we
purchase bad debt?
Through the ACA, we are members of the Asset Buyers
Group.
12. Do you
accept payment plans?
We will accept payment plans. Remember, sometimes
getting the payment from your customers may require payment plans if it is a
substantial amount.
13. Legal
Process
We partner with reputable third party law firms
to maximize your recovery.
14. How do you
find people?
We have state of the art skip tracing techniques that
enable us to locate people that you may not be able to find in first party
collections.
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