faq's

Question:  How big does my bill have to be to assign it?

Answer: "We will take any bill from $1.00 to $10,000,000 and above."

Question: How long does it take to collect?

Answer: "It can take 1 day, which happens most of the time, typically with one telephone call, or it can take several months if a collection lawsuit is needed."

Question: Are there any up-front fees?

Answer: " Only if a lawsuit is needed to collect your debt, we have two ways to proceed: a) if we advance the costs, we are a party to your debt lawsuit until our legal costs are recovered. b) If you advance the cost, typically between $275.00 and $2000.00 (depending on the court venue, amount, and resistance from the debtor), we will get a judgment with our attorneys, which is good for 10 years. The debtor historically reimburses us under a court order for any attorneys’ fees, court costs, etc.

Question: Do you adhere to the Fair Debt Collection Practices Act?

Answer: Yes,  we do. We record all of our debtor interactions and ensure that every debt collector working for our firm is trained and complies faithfully with the act and also the California Rosenthal Act. However, Business debt is not covered by the FDCPA; therefore, it is easier to collect, and neither are any non-consumer debts, such as medical bills and many other debt classes.

Question: What is a consumer debt?

Answer: Consumer debt refers to the personal debts incurred by individuals as a result of purchasing goods and services for personal or household use. This includes various types of debt such as credit card debt, student loans, auto loans, and mortgages. In essence, it represents the amount of money owed by consumers, distinguishing it from debts owed by businesses or governments. 

Question: Are you just a letter-writing firm?

Answer: Many of our competitors simply write letters and do nothing else. Some competitors list debts with Credit Bureaus. We do that as well; however, we take immediate action and file either a civil lawsuit to collect your debt. If you have a judgment, we will file a writ of execution to take assets. Our goal is to use the Civil Judgment enforcement process to force payment. We enjoy taking property and levying bank accounts on behalf of our clients. We are also one of the few companies nationwide that will foreclose on a property. Judgments give you power and effectively terrify debtors.

Question: How do you save businesses money?

Answer:  By offering competitive rates and aggressive individual account service. Each account is reviewed and brought to a conclusion. In addition, by quickly taking affirmative action to recover your money, we give you the chance to reinvest that long-forgotten money into new ventures or expenses. Our goal is to return it to your bank account, where it belongs. Money owed over time depreciates (sometimes) due to fluctuations in the debtor’s financial profile. It is always prudent to act quickly. Assets disappear, and debtors go into hiding upon learning there is a judgment against them.

Question: Is your fee negotiable?

Answer: Depending on the amount of the debt and the volume, we will lower our fee if it helps you reach your profit margin.

Question: What is the statute of limitations for collecting debt?

Answer: It varies from state to state. In California, the statue to file a lawsuit over a unpaid debt is 4 years. It starts anew everytime a debtor makes a payment.