Debt Collection Cases
Comprehensive Commercial Debt Collection Services
Rapid Collections is one of the few commercial collection agencies worldwide that can manage the entire collection process. We work with clients individually, tailoring our process to satisfy their specific needs. From planning and restructuring to providing ongoing support and modernization, we’ll fit our debt collection solutions to your business’s specific requirements.
Image is a non-issue when you work with us. Our clients’ reputations always come first. With decades of experience in the collection industry, we’ve amassed a wealth of knowledge and project management experience. Our expansive knowledge and in-depth collection parameters provide unparalleled cash flow results for our clients. We strive to exceed our client’s expectations and develop long-term business relationships in which we become true partners.
Our Professional Process
Rapid Collections maintains a professional and ethical approach to debt collection cases, focusing on the relationship between you and your debtor. Our team of collection specialists carries out the collection process in house, contacting both by phone and in writing while adhering to federal and state laws.
When there is a case of dispute, we reach an amicable solution between you and your debtor by analyzing all contractual documents, including signed contracts, purchase orders, confirmations, invoices, what was delivered, and all standard terms that have been agreed upon. Collections don't have to be tough to be effective—our team proves it.
Our agents review all files thoroughly and discuss any concerns with the client before making contact with the debtor. We completely understand that you are in full control, and you make the final decision to accept an offer or proceed with legal representation. If necessary, our agents are prepared to go to court for your debt collection needs.
A Commercial Collection Agency With a Range of Solutions
Our commercial debt collections are ideal for accounts like these:
- Financial Hardship
- Heavily Disputed
- Large Account Balances
- International Clients
More Than Collections: Simplify the Entire Debt Process
Rapid Collections offers solutions for any situation. If you’re a business owner interested in improving your debt management process, we’re here to help. Our services are continuously expanding to match the evolving needs of our clientele, and we’re prepared to adapt to your business’s debt management goals.
Not only do we collect past-due accounts, but we also offer:
- Training Solutions
- Temporary A/R Calls
- Operating System Evaluation
- Legal Representation
- Outsourcing of Our Services
Our global team includes consultants, collection agents, paralegals, and attorneys across the U.S., Canada, EMEA, and the Pacific Rim, covering 27 different languages. Not only does our awarded team reach across the globe, but they do so with a reputation for getting results. With a 95% success rate, you can count on us to handle your collection needs.
Rapid Collections has maintained this average recovery time on debt collection cases for over 10 years. The volume associated with this recovery is measured on Accounts Receivables totaling over $500 million 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 which collection costs become the responsibility of the debtor and when.
If the matter becomes legal and we file proceedings 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.
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 and conditions binding both parties.
If legal representation is required, we may need further documentation, such as copies of the contract, purchase orders, written confirmations, documentation to prove what work was delivered, and more, all of 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.
Solve Your Debt Collection Case by Contacting Rapid Collections Today
Take back control of your accounts receivable by getting in touch with Rapid Collections. Our global, experienced team is backed by decades of success and millions of dollars in retrieved debt. From relatively small amounts to larger, long-term delinquent accounts, our team is prepared to solve your debt collection case ethically and effectively.
With us, you never have to worry about consequences for your business’s reputation while still being confident that your debts will be retrieved. Contact one of our professionals today to see how we can help you.