This will serve as an outline of the various stages of the collections process , even though you may not want or need all “stages” of collection, we can customize your needs with any or all of the below.

Stage I: Pre-collect

The account(s) will be loaded into our collections database. The debtor will be sent a series of customized-for-your-company letters for a fixed fee per account. Typically, these letters are looking for immediate payment in full and don’t even mention the option of a payment arrangement.

During this stage, we will field all calls, take all payments and send you a monthly report. We will also send, each month, an actuary so that you can tell how successful this stage is doing.
At this stage, all money that is collected is transferred to you at the 100% rate.

Stage II: Full collections/ Pre-legal

After loading the accounts (if not already on our system) the debtor will be sent at least one more notice (and possibly many more depending on the circumstances) that is more harshly drafted than the pre-collect notices. The debtor’s account is also flagged for credit reporting and the debtor is notified of this. Our pre-legal collectors will review the accounts and either send additional notices or call the debtor directly in an effort to either get the account paid in full or set up some meaningful payment arrangement.

If those efforts are unsuccessful, the collectors will prepare the account for legal action (verify address, phone number and employment), and notify the debtor that this is happening.
After all the above tasks are completed the account will be sent to the legal department where a Summons and Complaint will be generated.

Stage III: Legal Collections

If the Debtor is determined not to pay voluntarily, we will file a lawsuit seeking judgment for the principle amount owed plus 5% statutory interest (unless your contract has a higher interest rate) plus statutory attorney’s fees (currently $75 per case). This process may involve preparing for and conducting a trial and garnishing the Debtor after Judgment has been entered. Additionally, as we discussed, we may have to be involved in a probate action.

This option does involve advanced costs that must be paid to the Court like filing fees and process service fees. The Client will be responsible for those costs and will be billed on a monthly basis. These costs are reimbursed by the debtor and are paid out of the first monies collected from the debtor.

At every stage of the collection process, we attempt to make repayment as convenient as possible for your clients. Therefore, we offer the following methods of payment for your clients: Credit Card, Check by Phone, Direct Debit from savings or checking, Wage Assignment, Internet, C21, and the time honored cash, checks or money orders.

I hope this very brief illustration paints a clearer picture of what we do. We would like the opportunity to discuss your needs and how we can help your company recover your accounts receivable.

 

As a client of John D. Bradshaw, PC you have the option to either complete our online referral form or pay your invoice online. Please choose from one of the two options below.

Client Referral Form

 

This is an attempt to collect a debt and any information obtained will be used for that purpose.