Surety Acceptance Corporation offers programs with highly competitive rates based on services offered.
Our collection agency’s competitive rates make collecting your accounts receivable assets a very cost-effective investment. We work on a contingency basis: NO COLLECTION, NO FEE!click here to contact us.
CommercialCompetitive NO RECOVERY, NO FEE
35% on accounts assigned with balances under $2500 ; 25% on balances assigned with balances between $2500 and $5000.
20% on assigned balances over $5000; Rates negotiated on assigned balances over $10,000.
Legal and placements with assigned balances under $100 are 40%.
Surety acceptance must due plenty of research before contacting the debtor. This can include background checks, payment history, corporate structure, skip tracing, access to non-public databases, and any other pertinent information. This requires skilled debt collectors and a professional approach.
Commercial agencies must follow all local and state regulations. Many agencies work with local attorneys to ensure adherence to regulations. Training is ongoing for commercial debt collectors, as they must keep up with all new laws or any other changes that impact the industry.
Rates vary dependent upon services provided.
Programs may be priced per claim or on a contingency basis.
Collection rates are determined by volume, age, and average balance of accounts assigned.
These rates apply to each individual account. Commissions will be charged on accounts collected, paid di rect or withdrawn after demand for payment has been made, and also on claims settled by the return of mer chandise (usually one-half regular fee on returned merchandise).
In order to provide many free services, in cluding complete research, credit and collection systems advice, "final notice" demand service, and complete skip tracing, while at the same time maintaining low competitive commercial rates, interest and recovered attorney fees will be retained. Special rates may apply for collection in small installments (usually fifty percent).
Suits and JudgmentsCompetitive NO RECOVERY, NO FEE
Whenever a suit is filed, or other legal action is required, or the account is forwarded to other agencies or attorneys for collection, the rate will be increased to 40% on all authorized suits. Legal action will not be filed without authorization by you.
There are usually additional charges for legal action, including advance costs and suit fees. Unusual litigation may require an additional fee commensurate with the work done. If court appearances are necessary for any reason including trials, the attorney may require a separate fee based on time and travel requirements.
We have developed an established method that involves a series of steps that produce proven results over and over. We make contact with the consumer that owes the debt and we put a clear plan of action together to recover your funds. We know it works because we consistently out-perform our competitors when it comes to collections.