Our Process for Collection of Money Owed
Every business understands the frustration, lost time and money caused by uncollected debts. However, with the expertise, knowledge, and resources of Mages & Price at your disposal, you’ll soon be operating in the GREEN again.
We have developed a unique, team-based method focused solely on one thing–collecting money for you –as quickly as possible. We relieve you of the burden of collecting your delinquent accounts while representing you in a professional manner. Our process involves up to three stages:
ASSESSMENT. We first ask you to present us with your outstanding account receivables. We ask all questions and collect all necessary information we need about your history with each debtor. We then determine the scope of the overall debt collection and mobilize our team. As our client, you will have access to higher level management and receive personal attention and unparalleled communication.
ENGAGEMENT. We will initially make an attempt to collect the balance due from the debtors. With the strong team effort that is a part of our corporate culture, we pull together to collect for you as quickly as possible. We are tenacious in pursuing your accounts, keeping you appraised of our progress along the way. If your debtors are still unwilling to pay voluntarily or if we cannot make acceptable payment arrangements, we will discuss other options with you, including litigation.
LITIGATION. Although neither party usually desires this step, it is often necessary and we are experienced in litigation. We have successfully won cases in courtrooms throughout our service area. We will answer all questions you have and prepare you for all necessary legal proceedings so there are no surprises throughout the process.