How old should a bill be before I consider placing it for collection?
As a general rule, you should place it if:
- The bill is 90 days overdue.
- You have received returned mail.
- Your customer begins stalling.
You increase the likelihood of collection by assigning your debts sooner rather than later.
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Are there any up-front or setup charges when I assign a debt for collection?
There are no up-front charges or setup charges for any case assigned to us.
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What is your fee for collection?
We only charge on a contingency basis. No fee will be charged if a collection has not been made. Our fee schedule is based on a variety of factors, such as balance and age of the debt.
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Will I have to appear in court if a suit is filed on my behalf?
In most cases, a court appearance is not necessary.
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Can I assign a judgment I currently hold against a debtor?
Yes. We specialize in collecting judgments.
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What is the statute of limitations on the age of an outstanding debt?
In most cases, the limitation is 4 years from the last payment or charge. Generally, a judgment will be good for 10 years.
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Can I include the fee paid to you in my collection assignment?
No. The costs of collection are not transferable to the actual debt.
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