Retail Collections
Our FDCPA- compliant, experienced collections staff works for you to recover past due & charged off retail debt. Our retail collections practice operates independently from our commercial collections practice to ensure compliance with the special laws that govern the collection of consumer debt. This also enables the Retail Department to better address the special needs of our clients' retail collection practices including accounting, batch remitting and reporting, computerized statistics updates, etc.
Our technology infrastructure helps us accelerate the collection process and assess the best options for each situation. We are capable of adjusting to the particular needs of any client. Our standard retail collection rates:
| |
Days Past Due |
Collection Rate* |
| |
0 - 60 |
20% |
| |
60 - 120 |
25% |
| |
120 - 180 |
30% |
| |
180 - 360 |
35% |
| |
360+ |
40% |
In the event collection negotiations are unsuccessful, we offer these additional services through our affiliates and partners:
- Litigation/Replevin
- Repossession
- Deficiency Judgments
- Deficiency Collection
Litigation is managed for a contingency fee, plus
court costs.
* Rates negotiable based on volume and age of debts. |