FAQ
Is there an upfront cost to engage Professional Asset Recovery?
No. We provide all our commercial collection services on a contingency basis – we get paid only if we collect money due you.
What is a Commercial Collection Agency?
A Commercial Collection Agency provides debt collection services on business to business transactions. If it was a business to business transaction with a sole proprietorship (e.g. not a corporation or limited liability company), then a commercial collection agency can also attempt to collect directly from the individual owner in addition to the company that ordered the product or service. If an individual provides a personal guaranty to a corporate or LLC liability, then a commercial collection agency can also collect from the individual who provided the personal guaranty.
Is a local or national collection agency right for you?
When it comes to debt collection, being local is not critical. The effectiveness of a commercial collection agency is determined far more by the background and training of the collectors, the collection approach, persistence, timely follow-up, and ferreting out myth from reality. Most work is done over the phone or by fax; most research is done via Internet and phone. Professional Asset Recovey provides commercial collection services to clients from all over the U.S. on debtors located throughout North America.
What are the collection rates for account placements?
There is no fee unless we collect your money. As each situation is different, we need to speak with clients to determine if our extremely competitive standard rates apply or special circumstances exist which may enable us to discount our regular rates.