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Collect-It-Quick

Debt Collections
 
Phone: 1-888-506-0152
Email:
info@collectitquick.com

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Account Receivable Collections

 

Bottom Line…We don’t get paid unless we collect. Let us do the work for you.

It’s your money; let the experts at NorthStar assist in getting it back for you. Our phase II collections are strictly contingency based. Contingency collections is a "no fee, no pay" system of placing accounts for collections.  An account is placed with us at no charge and a % fee is deducted when we are able to effect a payment from your debtor.

The % fee is determined by a number of factors.  Some of these factors are:

  • Balance of account or average balance of accounts.

  • Age of account.  The age is determined by measuring the date of last payment to the date placed.  A 90 day past due account has a higher probability for collection and therefore should command a lower rate.  An account over 1 year past due has a lower probability for collection and would most likely be charged a higher rate.  Generally speaking, your company's A/R loses .5% in value for each day it is past due.

  • Retail or Commercial

 

The key to measuring Outcome versus Cost is to take into account the contingency fee as it relates to the success of recovery.  By focusing on the contingency fee clients sometimes lose sight of the big picture, which is the Effective Rate. Give us a call and we can discuss your factors and give you a percentage rate.

 

 

 

 

 

 

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This site was last updated on Wednesday, May 12, 2010 08:22:41 PM