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About Business Money Master
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How long have you been in business and who do you collect for?
Your Collection Solution has been in business since 1998. Your Collection Solution, LLC specializes in NY, NJ and PA debt collection. As an outsourced resource, our collection agency serves as a low cost collection department for any size business and creditor. |
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How long should I wait before turning my accounts over for collection?
If an account is 90 to 120 days delinquent, you should initiate placement with our agency as soon as possible. The faster you respond, the greater the chances of collection. |
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Are there any other expenses I may incur during the collection process?
If a claim needs to be litigated in small claims court or with the help of an attorney, or if a judgment needs to be enforced, you are required to pay costs and fees associated. Please note that you will be contacted first to discuss ANY additional expenses. It remains your choice to proceed with litigation. These costs and fees may include, but are not limited to Court filing fees, Service of Process fees, post-judgment execution fees, attorney fees or costs and certified mail. For more information, contact us and speak to a collection specialist. |
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What important information must I know when my accounts are placed for collection?
Once you've placed the claim with our agency, you are required to stop any and all in-house collection activity, mailings and verbal communication with the debtor. If the debtor contacts you, simply state that our agency is handling the matter and refer them to our office. Should you receive payment, you are bound by the Client Agreement contract to report the payment to our office. We will invoice you for our fee. |
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What documentation is needed to place a collection claim?
Provide copies of invoices, contracts, statements, bounced checks, judgments, letters or emails. Include any other documentation showing proof of the debt and attempts to communicate with the debtor. We also suggest that you prepare a history of any collection attempts made and include responses received, if any. |
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