Choosing a collection agency to work on your past due accounts can be a difficult choice. Will they be able to recover the money owed to you? What might they charge? And how long will it take? In order to determine whether a collection agency is right for you, there are certain questions you should ask.
What is their success rate?
How often do they see money recovered on an account? It is always a good idea to know what chance the agency has of getting your money. Just keep in mind that certain factors (such as age) will affect the recovery rate on your own account.
How long before they start on your case?
It is always wise to know how long a collection agency will take with your case. Some collection agencies will begin working on your case right away, while others might take days or weeks before giving your case the attention it deserves.
Rumson, Bolling & Associates begins working on your case within 24 hours of it being submitted. With our high recovery rates and fast turnaround, is the perfect choice when deciding what collection agency to use for your needs.
How well prepared are the collectors?
Do the collectors keep updated on the latest collection techniques and technology? Do the collectors understand your industry and have experience collecting for that industry?
Rumson, Bolling & Associates employs only highly professional collectors that are knowledgeable in the latest forensic collection techniques. Rumson, Bolling & Associates has collectors with experience in all kinds of industries, so we can find a collector suited for your case. We believe the key to success is being prepared for anything that might lie ahead.
What options does the collection agency provide if they are unable to collect?
Some agencies have the option of forwarding your account to an attorney to proceed with litigation if it is deemed necessary. The collection agencies will handle the process for you.
Rumson, Bolling & Associates has a network of attorneys with the ability to handle all kinds of cases in order to give you the highest chance of a successful litigation.
Can the collection agency handle judgment collections?
If you have a judgment against your debtor, it is vital to make sure your collection agency understands them and is able to collect on them. There are many steps that can be taken concerning a judgment, and it is important the collection agency fully understands them.
Rumson, Bolling & Associates is experienced when comes to collecting on a judgment. We understand all of the options available, as well as experts when it comes to finding your debtor and their assets.
Thursday, March 26, 2009
Monday, March 9, 2009
Quick Guide on Litigation
First, a complaint is filed with the clerk of the court. A summons is issued, notifying the defendant that a lawsuit has been filed. The defendant is then served in writing the complaints against him, and can now file an answer or file a motion to dismiss.
If the defendant files an answer in response, both parties have the opportunity to discover all evidence the other side has that supports his or her side.
The defendant also has the ability to file a counterclaim. This is where the defendant may assert their own claims against the plaintiff. This counterclaim will be defended separately from the original claim brought on by the plaintiff.
Before the trial begins, any and all motions are reviewed, such as a motion to dismiss. During the trial, the plaintiff must prove their case through their witnesses and other evidence. Failure to do so will result in a dismissal. Once the trail is over, a judgment is put forth in favor of either the defendant or plaintiff. Later proceedings will go to enforce that judgment. Either side at this point can appeal if they so desire. If a defendant fails to answer or appear at trial, a default judgment is then awarded to the plaintiff.
If the defendant files an answer in response, both parties have the opportunity to discover all evidence the other side has that supports his or her side.
The defendant also has the ability to file a counterclaim. This is where the defendant may assert their own claims against the plaintiff. This counterclaim will be defended separately from the original claim brought on by the plaintiff.
Before the trial begins, any and all motions are reviewed, such as a motion to dismiss. During the trial, the plaintiff must prove their case through their witnesses and other evidence. Failure to do so will result in a dismissal. Once the trail is over, a judgment is put forth in favor of either the defendant or plaintiff. Later proceedings will go to enforce that judgment. Either side at this point can appeal if they so desire. If a defendant fails to answer or appear at trial, a default judgment is then awarded to the plaintiff.
Wednesday, March 4, 2009
Rumson, Bolling & Associates' Services
Contingency Based Collections
Rumson, Bolling & Associates collect on a contingency basis for accounts. If we are unable to collect, you pay nothing for our services.
Professional Collectors
Rumson, Bolling & Associates employs professionals who are experienced and knowledgeable in the field of forensic collection techniques. Rumson, Bolling & Associates constantly strives to improve, requiring all employees to undergo training and testing. We believe the key to success is being prepared for anything that might lie ahead.
Research
Rumson, Bolling & Associates makes use of the latest technologies in order to run in depth investigations on your debtor. Our collectors are skilled with skip tracing and tracking of assets. We use all information obtained to help the collection process and choose the appropriate actions that need to be taken.
There are many situations where extensive research is needed:
- Debtor may move or change their contact information without giving you the new information.
- Debtor may lie about their financial situations.
- Debtor may hide behind other businesses or names, any way that will deter you from collecting on their debt.
Rumson, Bolling & Associates do not charge extra for investigating a debtor. If we are unsuccessful collecting, you still do not pay no matter how much time we have spent investigating a case. Do not let lack of debtor’s information deter you from collecting what is rightfully yours!
Credit Reporting
Rumson, Bolling & Associates has the option to report all accounts gone in collection to the major credit reporting agencies. Debtors are notified, giving them all the more reason to pay off their existing debt. Oftentimes debtors refuse to take their debt seriously. Potential negative marks on their credit report force them to take the issue seriously.
Results
At Rumson, Bolling & Associates we have streamlined our account submissions to better suit you and your needs. The process only takes minutes, saving you time and frustration. There is no reason for you to waste any more time on a debtor who refuses to settle their past due account.
While some collection agencies may take days or weeks to get started, our streamlined system allows us to working on your past due accounts the same day they are submitted. We know how important time is when it comes to outstanding accounts and thus waste no time getting started.
Associate Counsel
Rumson, Bolling & Associates provides confidential complete case management services when and where litigation is necessary. We have working relationships with attorneys in every jurisdiction in order to connect you to collection law specialists. Our specialists have years of experience and will be able to go after your debtor no matter where he may have run off to. Our experienced staff takes the hassles and frustrations out of the complicated litigation process by handling most aspects of the case filing. Rumson, Bolling & Associates manages and supervises your cases so that all correspondences are processed confidentially. If your case is sent to litigation, our dedicated staff will keep you updated at every step, letting you know exactly where your case is at. At Rumson, Bolling & Associates, we are dedicated to protecting your interests.
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