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Shrinking Dollar $
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Client Resources
Summary of State Bad Check Laws
Summary of Maximum Permissible Rates Under State Usury Laws
Shrinking Dollar $
The more you wait the less chance you have to recover.
Our recovery rates are highest in the industry.
Your Shrinking Dollar!
What happens when there is a Delay in Collecting Accounts Cash flow is
the engine that drives businesses large and small. Delinquent accounts are
the brakes which bring companies to a screeching halt. In recent years, the
tenuous nature of the economy has pushed many companies to extend the time
they will permit an account receivable to age prior to instituting formal
collection efforts.
Based on a recent survey of members of the
Commercial Collection Agency Association of the Commercial Law League of
America (CLLA), this "loosening" of payment requirements may be severely
impacting companies' cash flows and bottom lines.
Probable Recovery
According to the survey results, the probability of collecting a
delinquent account drops dramatically with the length of delinquency. For
example (see fig. 1a), even after only three months, the probability of
collecting a delinquent account drops to 73%. After six months, the
probability of collecting drops to 57%. After one year, the chance of ever
collecting on a past due account is a dismal 29%. The results of this survey
clearly demonstrate the critical importance of taking positive action when
an account receivable ages past its due date.
Companies must take a hard line on past due receivables, and turn to
professional help when their internal efforts do not prove successful. What
can a company do, internally, to minimize and better control problem
accounts? Talk to one our account representatives for a detailed account of
not only how we can collect but help you in the future prevent these problem
accounts.
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Why Outsource to Collections
- Experts ! - Who use the best practices spanning a
collective knowledge-base of hundreds of years.
- Experience ! - Our team of seasoned collectors have
an average of 20 years of large-balance commercial collections
experience.
- Fortune 1000 Clients have entrusted us with their
collections for over a decade.
- Technology savvy professionals, our associates are
well trained to effectively and efficiently manage your portfolio.
We work as an extension of your organization to collect the outstanding
debt and bring an effective closure to it so your staff can concentrate on
your core business.
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