Question:

Is there a fee if there is no collection?

Answer:

No, we work on a contingency fee that is based on our recoveries.

Question:

How long does a negative mark remain on a consumer’s credit report?

Answer:

Seven years.

Question:

What legal remedies are available to pursue consumers for non-payment of an account?

Answer:

Our client controls any legal actions taken on an account. A variety of methods may be recommended including bank sweeps, wage garnishments, and property liens. Any legal actions will be pursued by a licensed attorney.

Question:

What is the average return on bad debt?

Answer:

The 2003 ACA International (Association of Credit and Collection Professionals) Benchmarking Survey discloses a national average recovery rate of 19%. 1^st American Credit Solutions has achieved results that are 42% higher than the national average on all business placed for collection in a given month.

Question:

What methods are available to locate debtors?

Answer:

We use a variety of electronic skip tracing methods.