Corporate Debt Collections in Washington State
If your business is not satisfied with the less than stellar results that the typical Washington collection agency delivers, it’s time for a change! The corporate debt collection firm of Stevens and Ricci can take your collection effort from the low 28% recovery rate that most collection agencies offer to our much higher 72% success rate. In addition to collecting more of your outstanding debts, we can bring your money in faster, too. Our usual timeframe is between 30 and 45 days, but we often produce results even faster. If your offices are located near Everett, WA, Seattle, WA, or Tacoma, WA, call your local Stevens and Ricci office today to start the commercial debt collection process.
Everett, Washington Collection Attorneys Succeed Where Others Fail
If you have a few accounts that have been marked uncollectible by your regular collection agency, let the business collection lawyers at Stevens and Ricci take over. While the standard collection agency misses critical opportunities, our debt collection lawyers never let a chance to collect your debt pass them by. Instead of making a few phone calls and waiting on your debtor to call us back, we will take the extra steps of physically locating them. Our national support network includes expert private investigators in addition to our commercial debt recovery attorneys. By combining the collection and legal functions into one organization, Stevens and Ricci has created the most effective corporate debt recovery system in the industry. Don’t miss your opportunity to use our system to collect your delinquent commercial accounts.
Be Careful When Accepting Checks in Washington State
When a delinquent debtor tries to pay their account with a check, take care! If this check bounces, you’ll have even more trouble on your hands. Not only will the payment have to be reversed, but you’ll now have to add a fee for the bad check. Although the debtor may decide to make good on the check, the laws in Washington State don’t do much to compensate you for your inconvenience. No matter how much the check was for, you can’t charge more than a $30 service fee, and the debtor won’t be charged with more than a misdemeanor if you decide to prosecute. If you do go to court, the debtor will be held responsible for “reasonable” legal fees, but won’t have to pay more than $300 in civil penalties. With no strict penalties to make the debtor think twice, this is a frequent situation. If you do end up with a bad check on your hands, never return it to the account holder until they have paid you in full with cash, a cashier’s check, or a money order. If you’d like to prevent the problem in the first place, allow the Stevens and Ricci firm to collect your corporate debts. We will make sure that your payments are received in a secure fashion in Seattle, Washington.
Tacoma, Washington Debt Collection Attorneys vs. Collection Agencies
When you choose to use an experienced business collection attorney in the state of Washington, you’ll receive more benefits than just bad check protection. Not only do the Stevens and Ricci attorneys outperform a collection agency every time, but they also have the knowledge and authority to use strategies that aren’t known by a typical collection agency. While your collection agent is stopped by voice mail, a business collection lawyer can gain direct access to a debtor and his agents. If your delinquent account holder hires their own legal team, it can stop a collection agent in their tracks. However, Stevens and Ricci welcomes this development. Our collection attorneys will actively seek out the opposing counsel for more advanced negotiations.
Pursuing Principals in Everett, Washington
Our debt collection attorneys often use the theories of liability and alter-egos to collect our client’s outstanding debt from business owners. In many cases, corporate debt that has reached the collection stage is fraudulent. Business owners will hide behind a corporate veil in order to run up debt in the company name before closing or selling a business. Without a personal guarantor behind the debt, our clients are often in a poor bargaining position. However, our business collection lawyers can use the theory of liability to go after the principals. If your debtor has ever used a non-corporate check to pay company debts, we can even claim that the corporation is illegal due to the theory of alter-egos. This is very strong evidence that the business owner owes the debt personally.
Seattle, Washington Payment Plans
After the economy took a downturn in 2007, we began seeing many more extended payment plans instead of full payments. Although it’s better to see any payment than no payment at all, this could turn into a crisis situation if the debtor can’t keep up with the payment schedule. At Stevens and Ricci, we have turned this potential problem into an opportunity. By drafting aggressive agreements, we can increase our client’s chances of receiving timely payments and add additional default security, too.
While a typical collection agency relies on verbal agreements when creating informal payment plans, our debt collection attorneys do not make this mistake. To fully protect our clients, we don’t miss a chance to profit from offering extended payment terms.
When we start drafting the payment plan, we add a Consent Judgment clause to the payment agreement. This allows our client to enter for an automatic and immediate judgment against the delinquent debtor if a payment is missed. There’s no need for lawsuits, trials, discovery, additional time, or extra expenses. This strategy alone has increased our payment rates by more than 40%.
Next, we add a Personal Guaranty clause. This gives us an individual to go after in the event that the corporate entity eventually fails. In most cases, the business owner agrees in exchange for the extended payment terms.
Before we complete the payment plan agreement, we add in a 1.5% per month interest rate. The debtors rarely try to ask for a lower rate, and this extra amount covers most of the collection fee for our client. With this strategy, we can offer our services for practically nothing when compared to the high commission rates that collection agencies charge.
Corporate Debt Collections in Washington State
If your business is not satisfied with the less than stellar results that the typical Washington collection agency delivers, it’s time for a change! The corporate debt collection firm of Stevens and Ricci can take your collection effort from the low 28% recovery rate that most collection agencies offer to our much higher 72% success rate. In addition to collecting more of your outstanding debts, we can bring your money in faster, too. Our usual timeframe is between 30 and 45 days, but we often produce results even faster. If your offices are located near Everett, WA, Seattle, WA, or Tacoma, WA, call your local Stevens and Ricci office today to start the commercial debt collection process.
Everett, Washington Collection Attorneys Succeed Where Others Fail
If you have a few accounts that have been marked uncollectible by your regular collection agency, let the business collection lawyers at Stevens and Ricci take over. While the standard collection agency misses critical opportunities, our debt collection lawyers never let a chance to collect your debt pass them by. Instead of making a few phone calls and waiting on your debtor to call us back, we will take the extra steps of physically locating them. Our national support network includes expert private investigators in addition to our commercial debt recovery attorneys. By combining the collection and legal functions into one organization, Stevens and Ricci has created the most effective corporate debt recovery system in the industry. Don’t miss your opportunity to use our system to collect your delinquent commercial accounts.
Be Careful When Accepting Checks in Washington State
When a delinquent debtor tries to pay their account with a check, take care! If this check bounces, you’ll have even more trouble on your hands. Not only will the payment have to be reversed, but you’ll now have to add a fee for the bad check. Although the debtor may decide to make good on the check, the laws in Washington State don’t do much to compensate you for your inconvenience. No matter how much the check was for, you can’t charge more than a $30 service fee, and the debtor won’t be charged with more than a misdemeanor if you decide to prosecute. If you do go to court, the debtor will be held responsible for “reasonable” legal fees, but won’t have to pay more than $300 in civil penalties. With no strict penalties to make the debtor think twice, this is a frequent situation. If you do end up with a bad check on your hands, never return it to the account holder until they have paid you in full with cash, a cashier’s check, or a money order. If you’d like to prevent the problem in the first place, allow the Stevens and Ricci firm to collect your corporate debts. We will make sure that your payments are received in a secure fashion in Seattle, Washington.
Tacoma, Washington Debt Collection Attorneys vs. Collection Agencies
When you choose to use an experienced business collection attorney in the state of Washington, you’ll receive more benefits than just bad check protection. Not only do the Stevens and Ricci attorneys outperform a collection agency every time, but they also have the knowledge and authority to use strategies that aren’t known by a typical collection agency. While your collection agent is stopped by voice mail, a business collection lawyer can gain direct access to a debtor and his agents. If your delinquent account holder hires their own legal team, it can stop a collection agent in their tracks. However, Stevens and Ricci welcomes this development. Our collection attorneys will actively seek out the opposing counsel for more advanced negotiations.
Pursuing Principals in Everett, Washington
Our debt collection attorneys often use the theories of liability and alter-egos to collect our client’s outstanding debt from business owners. In many cases, corporate debt that has reached the collection stage is fraudulent. Business owners will hide behind a corporate veil in order to run up debt in the company name before closing or selling a business. Without a personal guarantor behind the debt, our clients are often in a poor bargaining position. However, our business collection lawyers can use the theory of liability to go after the principals. If your debtor has ever used a non-corporate check to pay company debts, we can even claim that the corporation is illegal due to the theory of alter-egos. This is very strong evidence that the business owner owes the debt personally.
Seattle, Washington Payment Plans
After the economy took a downturn in 2007, we began seeing many more extended payment plans instead of full payments. Although it’s better to see any payment than no payment at all, this could turn into a crisis situation if the debtor can’t keep up with the payment schedule. At Stevens and Ricci, we have turned this potential problem into an opportunity. By drafting aggressive agreements, we can increase our client’s chances of receiving timely payments and add additional default security, too.
While a typical collection agency relies on verbal agreements when creating informal payment plans, our debt collection attorneys do not make this mistake. To fully protect our clients, we don’t miss a chance to profit from offering extended payment terms.
When we start drafting the payment plan, we add a Consent Judgment clause to the payment agreement. This allows our client to enter for an automatic and immediate judgment against the delinquent debtor if a payment is missed. There’s no need for lawsuits, trials, discovery, additional time, or extra expenses. This strategy alone has increased our payment rates by more than 40%.
Next, we add a Personal Guaranty clause. This gives us an individual to go after in the event that the corporate entity eventually fails. In most cases, the business owner agrees in exchange for the extended payment terms.
Before we complete the payment plan agreement, we add in a 1.5% per month interest rate. The debtors rarely try to ask for a lower rate, and this extra amount covers most of the collection fee for our client. With this strategy, we can offer our services for practically nothing when compared to the high commission rates that collection agencies charge.
