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FREE DEMAND LETTEROur free demand letter options will help you make the distinction between a customer and a debtor. Your customer is informed to either pay you within ten days or be placed for collection with Stevens & Ricci. If they pay off the amount due within the ten days stated in the free demand letter, you keep all the money. If they don't pay you we will begin the collection process.  GET THE IRS TO HELP YOU COLLECT FROM YOUR MOST DELINQUENT ACCOUNTSA good free demand letter will first get their attention and second motivate a response. The best collection letter goes out with an IRS Form W-9 requesting Tax ID information under penalty of federal law. The pre-formatted IRS collection letter uses a powerful combination of accounting principles and debtor psychology. Once your debtor realizes that the IRS could be examining their tax statement a little more closely, you will be surprised how quickly a check will arrive in the mail. Learn more >> The IRS Advantage™ Collection System Maximize Your Internal Collection EffortIn regards to granting a delinquent customer more time, your odds of bad debt losses actually increase by granting a delinquent customer more time. If you want to maximize your internal efforts, the trick is to add more steps to your collection process between 0-90 days past due…not to wait longer. Adding a free demand letter to the back end of your internal process is easy - just click the link below, choose your free demand letter option and fill out the necessary information. When it comes to a customer who will not pay their bill, many businesses waste precious hours chasing the payment. So how can you get what is rightfully yours without using third party services? You should try sending a free demand letter from a reputable third party collection service. Studies have proven a free demand letter from a third party is much more effective than a two-party demand letter from you to the debtor. You can choose a routine or aggressive free demand letter, depending on the situation. Technical TipIf your debtor is a corporation, mail or fax the free demand letter to the Statutory Agent (http://www.blackbookonline.info/bbostate.htm), copying the debtor. If not a corporation, mail or fax the free demand letter to an owner or partner, not the manager or A/P clerk. Pull your credit application if you have one on file to find the names of owners, partners, corporate officers, etc. You want MAXIMUM IMPACT, and WHO you send it to can be more important that WHAT you are sending. |
 TESTIMONIAL Joe Panagio
Credit Manager Medical Device Manufacturer - New York "I am the credit & collections manager for a publicly held company and a leading medical device manufacturer located in New York. Although we pride ourselves on our internal collection abilities, we have found it very helpful to utilize the services of a third party recovery firm to assist in the collection of our accounts receivable.
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We have been working exclusively with Stevens & Ricci since 2001 because of their expertise in quickly and professionally recovering our accounts. We have found that their staff is adept at dealing with any type of business or legal issue that might arise in the recovery of our accounts and should an account have to be litigated, the process is seamless. Most importantly, Stevens & Ricci's collection rate of dollars placed versus dollars recovered is in excess of 80%. This bottom line pleases both our Board of Directors and shareholders. We highly recommend Stevens & Ricci for the collection of your company's outstanding accounts receivable. " |
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