Phase One
Within 24 hours of placing the account with our office
the first of three letters is sent to the debtor via the
US Mail. Each of the three letters will be sent seven
days apart.
All
payments
go directly to you.
You pay no
commissions on any money collected. If the debtor pays
during Phase One you notify us of payment and we close
our file.
If 30 days after placement all attempts to reach a conclusion to the account
fail, we go to Phase Two where we immediately forward
the case to one of our affiliated attorneys or
collection agencies located within the debtors
jurisdiction.
Phase Two
(If
the debtor pays during Phase Two we charge a fee of 35%
of anything collected but deduct the $29.95 upfront fee paid
out of our 35% commission.)
Upon our office sending your case to a local firm within
our network, you can expect the following.
-
The receiving firm will immediately draft the first
of several letters to the debtor on his firm
letterhead demanding payment of the debt owed to
you.
-
The receiving firm or one of his staff members will
immediately start attempting to contact the debtor
via the phone, in addition to the series of
letters.
-
If all attempts to reach a conclusion to the account
continue to fail, we will send you a letter
explaining the issues surrounding the case and what
we recommend for the next and final step.
-
If the debtor pays during Phase Two we charge a fee
of 35%.
Phase Three
Our recommendation will be one of two things.
If after a thorough investigation of the facts
surrounding the case and of the debtors assets, we
determine the possibility of recovery is not likely we
will recommend closure of the case. You will owe
nothing to our firm or our affiliated attorney for these
results.
If our recommendation is litigation you will have a
decision to make. If you decide not to proceed with
legal action we will drop the case and you will owe
neither our firm or our affiliated attorney anything.
If you decide to proceed with legal action, you will be
required to pay the upfront legal costs such as court
costs, filing fees, etc., these fees typically range
from $600.00 to $700.00 depending on the debtors
jurisdiction. Upon payment of these funds, our
affiliated attorney will file a lawsuit on your behalf
for all monies owed, including but not limited to the
cost to file this action. If the debtor pays during
Phase Three we charge a fee of 45%.
If our attempts to collect via litigation fail, the case
will be closed. You will owe nothing to our firm or our
affiliated attorney.
|
