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...and we don't get paid until YOU do! We know how important it is to you to collect outstanding debts from nonpaying customers! We also know how valuable your time is! You do not have to spend your time making collection calls and sending out nasty letters. You do not even have to pay benefits or taxes to an in-house collector. MAD Collection Agency, LLC can do all the work for you... and you only pay if we collect! It is a win-win situation! MAD Collection Agency, LLC has the training and experience in all phases of collection work to include skiptracing. We are thoroughly knowledgeable of the requirements of the Fair Debt Collection Practices Act, as well as regulations encompassing every state in America. What happens when you place an account for collection?Communications from a collection agency convey immediate urgency to the debtor. We begin collection proceedings immediately upon receipt of your request by sending a letter advising the debtor that the account has been placed with MAD Collection Agency, LLC. By law, as a collection agency, we are required to inform the debtor of his rights and provide him with pertinent information regarding his/her past-due account. Therefore, in our initial communication we include:
Our FeesOnce an account is placed for collection, MAD Collection Agency, LLC charges a 25% commission on all monies that we collect, or all monies that are paid directly to you by the debtor during the time that the account is under contract with us for collection. If no monies are collected, you pay us NOTHING!If an account is under $75.00, or over one year old, we charge a 50% commission, as the sooner an account is placed with us the better the chances are of recovery. You will be charged if a debtor pays us or pays you directly. If the debtor pays MAD, we keep our commission and send you the balance. Payments are sent out monthly. If the debtor pays you, you must advise us IMMEDIATELY so we can invoice you for the commission. Reporting direct payments is required under the terms of our collection agreement. Second placements are accepted at a 50% commission rate. Forwarded placements carry a 40% commission rate. Commission rates for placements referred for litigation are independently negotiated. Returned merchandise/equipment as payment of claim: 50% of normal fee. Payments made directly to you will be invoiced subject to the standard rates. MAD Collection Agency, LLC invoice payment terms are "Payable Upon Receipt." Call today (603) 357-2922 for FREE INFORMATION! *MAD accept accounts for clients domiciled in the following states: ALABAMA, ARKANSAS, CALIFORNIA, DELAWARE, DISTRICT OF COLUMBIA, FLORIDA, GEORGIA, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MARYLAND, MICHIGAN, MISSISSIPPI, MISSOURI, MONTANA, NEW HAMPSHIRE, NEW JERSEY, NEW YORK (EXCEPT BUFFALO), OHIO, OKLAHOMA, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, TEXAS, UTAH, VERMONT AND VIRGINIA. | |||||||||||||||
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(603) 357-2922
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