At The Time Of Placement |
1. An initial demand notice is sent.
2. Accounts are assigned an "action plan"
3. Direct telephone contact is attempted once a day for the first five days.
Once verbal contact is established
All repayment options will be explored in an attempt to secure payment in full. A debtor is typically allotted a maximum of two days to gather the means for repayment. During this time, A&W will run a credit report and contact creditors, trade references, etc. to gather additional financial information.
An attorney demand letter will be sent and a private and civil investigator will be assigned to conduct an asset and liability investigation on accounts with a balance in excess of $3,000.00 or based on client requirement.
The investigation and attorney demand letter are contingent upon the accounts "action plan." Investigations are essential on large balance accounts to determine a debtor's ability for repayment. Investigator's are at our expense to help us to determine the solvency of the debtor and the ability to repay the debt.
[Click here to view our Action Plans]