Collection Agency Cases

Your Professional Solution To Debt Management

We are one of the few companies worldwide that can manage the entire collection process, from planning and restructuring, as well as providing long-term added value in ongoing operations and modernization. Our approach is based on working with clients individually, tailoring our process to satisfy their specific requirements. Protecting our client’s image is always first. We have accumulated a wealth of knowledge and project management experience which has led us to expand our knowledge and deepen our collection parameters, resulting in our ability to provide unparallel cash flow results for our clients. We enjoy exceeding our client’s expectations and strive to develop long-term business relationships in which we become true partners.

Let Us Help With Your Debt Collection

Our Professional Process

Rapid Collections maintains a professional collection process, focusing on the relationship between client and debtor at all times. Our team of collection specialists carry out the collection process in-house, contacting both by phone and in writing while adhering to federal and state laws.

Client Centered Solutions

Where there is a case of dispute, we aim to reach an amicable solution between creditor and debtor. We do this by analyzing all contractual documents (e.g. signed contracts, purchase orders, confirmations, invoices and what was delivered as well as all standard terms that have been agreed upon).

Our Agents

The agents we use review the file thoroughly and discuss any concerns with the client before before making contact with the debtor. They fully understand that the client is in full control and makes the final decision to accept or reject an offer or to proceed with legal representation.

We offer solutions to your commercial debt collection process

Our Commercial Debt Collections Ideal For Accounts Like These:

Financial Hardship
Delinquent
Unresponsive

Heavily Disputed
Large Account Balances
International Clients

Rapid Collections not only collects past due accounts, but also helps with the entire debt management process.

The solutions provided by Rapid Collections LLC can applied to all businesses around the world that want to improve their debt management process. Our services continue to expand, following the needs of our clients. Rapid Collections not only collects past due accounts, but also helps with the entire debt management process, from training through webinars, seminars, on-site training, group training, one-on-one training, temporary A/R calls (calling on behalf of each agency), consulting, operating system evaluation to help leverage all data with collections, legal representation and outsourcing, which includes all services. Our global team includes consultants, collection agents, paralegals and attorneys that reach across the U.S., Canada, EMEA and the Pacific Rim, covering 27 different languages.

Expected Timeframe
Debt Collection Costs
Other Requirements

Rapid Collections has maintained this average of recovery time for over 10 years. The volume associated with this recovery is measured on Accounts Receivables totaling over $500M a year.

(Recovery is measured from the time we receive the account to the time the payment is received)

Invoice age (30 days to 1 year old) = Average recovery time: 27 days
Invoice age (Over 1 year old to 2 years old) = Average recovery time: 39 days
Invoice age (Over 2 years old to 3 years old) = Average recovery time: 60 days
Invoice age (Over 3 years old to 4 years old) = Average recovery time: 84 days
Invoice age (Over 4 years old to 5 years old) = Average recovery time: 180 days

Debt collection costs are not chargeable to debtors unless the client’s terms and conditions and/or contract specifically outline exactly which collection costs become the responsibility of the debtor and when. Again if the matter becomes legal and we file proceedings in the Court for the debt’s recovery, then our claim will include court fees and solicitors’ costs as agreed under each state’s laws and the court system. These will be charged to the debtor.

In order to begin our collection efforts, we require copies of the invoices and a clear statement of account indicating payments and credit notes that have been paid against the outstanding invoices, as well as any contract or terms & conditions binding both parties.

If legal representation is required, we may require further documentation such as copies of the contract, purchase orders, written confirmations, documentation to prove what work was delivered...etc, which can be requested when needed.

In case of dispute, all notes of conversations between creditor and debtor via letters and emails that may assist our collection agents should be sent over with the file.

In the case of oral negotiations, we may require meeting or system notes about what was agreed.

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