Our Strategies

To bring your collection issues to resolution, we will...

Work with your credit department and personnel in determining a timely placement of the commercial account matters to watch for:

  1. Business relocation.
  2. Principals of the business no longer available.
  3. Credit rep being relegated to third parties such as accountants and attorneys.
  4. Divorce action filed or other litigation.
  5. Failure to supply timely financial statements.
  6. Notice of suits filed, IRS involvement, repossessions, and disposition.
  7. Partial payments, return drafts, several changes of banking over a short period.

Use the latest technology available to locate the debtor and proper parties of responsibility.

  1. On-line business reports, Trans Union, Lixis Nexis, Accurate Credit Bureau, and CreditSafe.
  2. In-house records and system files on 245 million households/25 million businesses.
  3. Know systems for liens and UCC-1 filings, bankruptcy review, and litigation filed.
  4. DBT for property searches, vehicles owned, and criminal records.

Define the financial posture of the debtor and determine the companies ability to pay as agreed.

  1. Financials filed with other institutions.
  2. Present debt service.
  3. Personal guaranties given for anothers debt.
  4. Personal lines of credit used to benefit a business.
  5. Present paying habits to general creditors.

Locate assets to determine equities.

  1. Research present ownership of properties, investment made and fair market values.
  2. Equipment operated, leased or owned, and depreciation schedules, long term obligations.
  3. Personal loans of principals/corporation, corporate and personal guaranties.

Be persistent in our efforts to bring the account to a conclusion.

  1. Communication made with the debtor on the date account is received.
  2. Persistent contacts with persons of responsibility.
  3. Decision process from information gained from sources whether debtor is worthy of time extensions for term payments.
  4. Notify Client as to debtors ability to pay/ lack of cooperation/ preference to other creditors/ litigation required and collection possibilities.

Properly close file when account becomes inactive.
Bankruptcy, settlement, dissolved or foreclosed business, defunct corporation, and paid in full.

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