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.
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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.
We offer Account Receivable Collections for Hospitals, Doctors, Clubs, Businesses, and others. Let us help you recover those profits.
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