What are your Accounts Receivable Worth?
If you have past due debt sitting on your books not paying you anything, essentially at this moment they are worth zero.
That is where we come in!
Whether you have used a collection agency and they have squeezed out all of the money they can from your non-paying accounts, or you would rather not have to deal with the hassle of dealing with another vendor and want a one stop shop to get the most out of your AR with the least amount of work, we can help.
The question is, what are your accounts worth?
Several factors will affect the value of your receivables:
1) Type of account
2) Age - How delinquent is it
4) Prior Collection Activity
We only buy charged off accounts. We do not do what is known as "factoring" where we buy accounts in good standing that are paying you.
As a general guideline., your accounts could range in value from older accounts that have little to known time left for credit reporting, that have already been through one or more collection agencies, are from a low collection recovery type client, and have little to no documentation from .1 to .25 cents on the dollar, to accounts with full documentation, between 6-12 months delinquent, and never at a collection agency going for 2 to 5 cents on the dollar*. To put that into numbers, for each $100,000 in charged off accounts sitting on your books you could get between $200 to $5000 as a general range.
Once we have all of your due diligence information we will review it to come up with a bid.
* This pricing is given only as an example, not a guarantee of any bid amounts for your specific accounts. Bids could be higher or lower than this range, should a bid be made.