Chicago collection agency
Are you finding it difficult to collect your debts? If this is the case then you can take the help of a collection agency. These agencies can help you by reducing your frustration of debt collection and would focus on the core of your business. The main aim of the collection agency is to send collection demand letters and if the debtor does not respond then they try out the process of phone calls and move to a legal procedure if the situation demands. It is not important that all the collection agencies have to function in the same manner. Every collection agency has its own way of functioning and handling things.
Selecting a Chicago collection agency
If your business in Chicago is suffering from debts that need to be collected and your clients are not paying up then you need the help of a Chicago collection agency. You should select the agency based on certain criteria like :
You should make sure that the collection agency is a member of The Association of Credit and Collection Professionals or the Commercial Law League of America, both of which necessitate that their members work according to the code of ethics, and are familiar with The Fair Debt Collection Practices Act .
You should also make sure the collection agency has insurance that will protect your business, in case the agency makes a mistake during the process of collection.
You should ask the agency about its experience in successfully handling previous debt collections and also ask for a list of references. You can contact some of the references on the list and find out how the agency is and how long it took the agency to collect on late accounts, whether the agency collected the whole debt or a portion of what was owed, and if they were contented with the collection efforts of the agency.
Chicago debt collection agencyIf you have bad debts and your debtors are not paying back the money that they owe you then you should contact a collection agency. The collection agencies work on your behalf and contact the debtors to get your money from them. Some of the Chicago collection agencies are mentioned below.
Magnificent Mile Center:
They are a full-fledged collection agency serving in the metropolitan area of Chicago. They offer the following features:
Ten Day Free Demand Period
In-Field Collectors
Due Diligence/Claim Review
Comprehensive Litigation Platform
Personalized Client Service & Support
Online Access
Monthly & Statistical Reports
Electronic File Transfer
They work for the benefit of their client and keeping in mind that they should spoil the relations of the client with their debtors who could be their future clients. They work according to the Fair Debt Collection Act and make it easy for their clients to receive the money.
They don\'t charge you if they are unable to get you the collection.
You can contact them at Magnificent Mile Center; 980 No. Michigan Ave., Ste. 1400; Chicago, IL 60611; Phone: 312-214-3515 ? FAX: 312-214-3510;.
Manufacturers Clearing House:
They have been in the field of debt collection and have experience of 15 years as credit specialists. Their collection department has been given the highest certification given by the Collection Agency Association.
They work with you to customize the collection process that would go well with your clients. They handle all the collection process right from the 10 day demands to the legal handling of the claims. They understand the complicated situations that you are facing and would work hard to get your money back.
They are licensed by the State of Illinois and work in accordance to the Fair Debt Collection Act. You can look into their previous records of debt collection and have confidence that they will give you the best services.
You can contact them at Manufacturers clearing house; 4875 North Elston Avenue Chicago , IL 60630 ; 773-545-6300.
Cash Recovery :
They are a premier provider of the complete debt recovery. They know what steps they need to take to get your money back and have 20 years of experience in handling such cases in Chicago. They would keep you informed about all the steps that they are following in relation to debt collection and take your suggestions.
They have a team of professional who are dedicated to serving their clients in the best possible manner and they offer the following services:
Collection of Past Due Amounts
Restructuring of Debt
Repossession and Remarketing of Collateral
Initiation and Supervision of Litigation
Pursuit of Creditor\'s Rights in Bankruptcy
They have different ways of dealing with different clients
and make sure that you relations don\'t get spoilt or you don\'t get a bad name
in the market. you can see their previous records of debt collection and then
contact them at Cash Recovery LLC
180 North LaSalle Street, Suite 3120 ; Chicago, IL 60601; Phone: Mark Arvin
(312) 346-7993; Larry Dinaso (312) 346-7622; Fax: (312) 346-2731.
Bonded Collection Corporation:
They are a full-time collection agency and help you in recovering debts. They have an outstanding reputation in he market and provide the following services:
Contingent Collection Services
Credit Department Outsourcing Programs
International Collection Services
Payment Identification
Account Dispute Resolution
General Credit Policy Consulting
The fee that is charge differs from one client to another depending on the services that are opted for. You can contact them at Bonded Collection Corporation; 29 E. Madison St, Suite 1650; Chicago, IL 60602; Phone: 1-312-279-8300 or 1-800-326-6333; Fax: 1-312-279-8310.
RMK Holdings:
They specialize in account receivable management and also medical billing. They provide the following services:
Collection of Delinquent Accounts
Medical Billing and Accounts Receivable Management
Staffing
Managed Care and Insurance Collections
Accounts Receivable Analysis
Delinquent Account Purchase Program
You can contact them at 625 North Michigan Ave.; Suite 2101; Chicago IL 60611; Phone: 312-337-2372; Fax: 312-337-2621.
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