What immediate actions are taken within 24 hours of placing an account for debt recovery?<\/h3>\n

Within 24 hours of placing an account, a series of four letters are sent to the debtor, the case is skip-traced and investigated, and our collectors attempt to contact the debtor using various communication methods, with daily attempts for the first 30 to 60 days.<\/p>\n

What happens if attempts to resolve the debt fail in the first phase?<\/h3>\n

If all attempts to resolve the account fail during the first phase, the case is moved to Phase Two, where it is forwarded to one of our affiliated attorneys within the debtor’s jurisdiction for further action.<\/p>\n

What are the possible recommendations at the end of Phase Three?<\/h3>\n

At the end of Phase Three, we either recommend closure of the case if recovery is unlikely, or we suggest litigation if there is a possibility of debt recovery. The client then decides whether to proceed with legal action or not.<\/p>\n

What are the upfront legal costs if I decide to proceed with litigation?<\/h3>\n

If you decide to proceed with litigation, upfront legal costs such as court costs and filing fees are required, typically ranging from $600.00 to $700.00, depending on the debtor’s jurisdiction.<\/p>\n

How are collection rates determined?<\/h3>\n

Collection rates are competitive and depend on the number of claims submitted within the first week of placing the first account. Rates vary based on the age and amount of the account, and whether the account is placed with an attorney.<\/p>\n

What happens if litigation attempts fail to recover the debt?<\/h3>\n

If attempts to collect the debt via litigation fail, the case will be closed, and you will owe nothing to our firm or our affiliated attorney for these results.<\/p>\n","protected":false},"excerpt":{"rendered":"

Recovering debts from electronics service agreements can be a complex process, but with a clear understanding and strategic approach, businesses can improve their chances of recouping owed funds. This article delves into the intricacies of debt recovery within the context of electronics service agreements, providing insights into the legal framework,…<\/p>\n","protected":false},"author":1,"featured_media":46226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-46227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electronics-manufacturing"],"yoast_head":"\n