Collections Are Not Like a Fine Wine! .
There are several factors that determine the collectability of your receivables. However, among the most important data points is the age of the debt. The consensus in the Collection Industry is that the longer a business waits to initiate collection against their current (or former) client the less likely the debt will ever be paid. The chart below reveals the drastic difference of collectability based on the age of your debt. Don’t wait!
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Our Approach to Collections
Because of the vast experience of ABS ownership, our collection process includes all of the best practices used by debt collection law firms, litigation law firms and, of course, commercial collection agencies.
Every file is unique and requires a fundamental credit analysis to determine which methods will yield the highest recovery with the least amount of cost to our clients. Even before contact is initiated, our Agents will obtain information about the debtor company and, based on many data points, will score out the likelihood of recovery. Knowing much about the debtor company before contact is made separates our firm from the rest. This information intelligence allows our agents to leverage conversations with debtor companies.
Our scoring method creates a solid starting point for determining which Agent’s talent matches up with the likely method(s) used for each particular file. By no means is our scoring system always correct. There are too many other variables involved in predicting recovery. However, we believe that this is a necessary first step.
A letter will go out to every debtor company within two days after your file is placed with ABS. After the scoring is completed, your file will be assigned to an Agent within three days after placement. Game on!
Utilizing Ally Business Solutions, Inc. during the early stages of the collection process will yield higher recovery percentages, secures higher settlements and will reduce litigation costs. Further, we will have saved you time resolving difficult placements. You will be paid quicker and may eliminate the need for protracted litigation or costly judgment enforcement.
If litigation is necessary our team will give you a detailed explanation as to why filing suit is the next best step and outline all costs required. Our network of Collection Attorneys in all 50 states are among the most effective and experienced in the industry.
Because our clients have given us the great opportunity to assist them in recovering what is rightfully theirs, we owe our clients:
- Communication. We will provide the first status within two weeks of your placement. At any time, we will take your call and discuss your file. You deserve it!
- The highest recovery rates in the industry. You will benefit from the highest caliber, experienced Recovery Agents in the industry. All have been trained in the science of persuasion and negotiation.
- Protection of their good name. We will always protect the reputation of our valued clients. We promise never to utilize any methods that would put any of our clients at risk of reputation or legal exposure.