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Annually,
creditors spend thousands of dollars on wasted legal fees. Due to
apathy and the “cattle call mentality” of many collection
partners in the U.S., once an account becomes a liability in their
own system, most agencies choose to “farm it out” to co-counsel
for litigation. Although not a bad idea, appropriate measures should
be taken to assure that the recommendation to sue is sound and that
the owing party is viable.
Singer, Bach & Associates has initiated a revolutionary program
designed specifically to assist companies wishing to send their
delinquent accounts straight to an attorney for legal action. We
offer an experienced “Litigation Liaison” as an intermediary
between your in-house collection staff and the litigating attorney.
Prior to transferring a receivable direct to legal counsel, Singer,
Bach & Associates will initiate brief third collection efforts
and in doing so, through a thorough investigation confirm or deny
the recommendation to prepare for suit. Within 10 working days, if
our efforts are unsuccessful in recovering the account, we will
prepare a report and offer all of our investigative findings to your
attorney at no charge. This will help to reduce your cost in:
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Attorney
hourly rate charges
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Possible
losses due to oversight
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Advanced
costs
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Increased
contingency rates
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Non-contingent
suit fees
-
Staff
time to facilitate legal requests
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Travel
expenses
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Time
value of your money
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