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THIS IS WHAT HAPPENS WHEN YOU
PLACE A DEBTOR WITH A 3rd PARTY COLLECTION AGENCY.
3rd party collection agency contact shows debtors you mean business. We begin collection immediately upon receipt of your placement by calling them the same day & sending a letter announcing to the debtor that their account has been placed with Rapid Recovery Solution, Inc. for collection. By law, we are required to inform the debtor of his/her rights and provide him/her with pertinent information regarding his/her past-due account. In our initial communication we include:
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the name of the creditor
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the amount due
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that we report to the credit bureaus
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the fact that the debtor has thirty (30) days from the date of the letter to dispute the claim or request verification of the debt
Once an account is placed with Rapid Recovery Solution, Inc., you cannot continue to send statements. You must cease any additional collection efforts. If the debtor contacts you in any way, refer them back to RRS collection agency and let us know they have contacted you.
If the debtor pays you, you must advise us IMMEDIATELY and will will invoice you for the commission. Reporting direct payments is required under the terms of our Collection Agreement. It is illegal to make demand on an account that has paid.
Placing an account with Rapid Recovery Solution, Inc is simple. Take a moment to complete the placement form below and we will immediately begin the collection process. We also offer a pdf of our Placement Form for those who prefer faxing the accounts.
Minimum placement amount is $50.00 unless prior arrangements have been made.
IMPORTANT! PLEASE READ BEFORE SUBMITTING!
By submitting this information for placement with Rapid Recovery Solution, Inc., you acknowledge and agree to the terms and conditions that require you to report all payments, bankruptcy notices, and any communications from the debtor directly to Rapid Recovery Solution, Inc. You agree to immediately stop all collection efforts on your part, and to provide a copy of any paperwork that will verify the debt, as requested by Rapid Recovery Solution, Inc.
You agree to pay any and all commissions owed
to Rapid Recovery Solution, Inc. if:
1) we directly collect any monies due to you by the debtor on this account,
2) we find that the account was previously paid by the debtor,
3) you withdraw the account after demand for payment has been made,
4) you receive any monies directly from the debtor or
5) you accept the merchandise as payment.
Placing accounts for collection is a serious matter. Please be sure you have filled out the form as completely as possible and have read our terms and conditions. Please advise us immediately if you receive any payments or contact such as calls, letters, emails etc. Rates charged will be based on 50% unless we have made prior arrangements.
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IMPORTANT - NEW CLIENTS!
Minimum placement amount is $50.00 unless prior arrangements have been made.
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Please Include Any Additional Information Below in the Comments Box
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If the debtor requests verification, we will email you to request it.
In order to speed up the recovery process please send all supporting documents at the time of placement.
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Please Enter Your Company Information
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Type of Business
We refer the above account(s) for collection. You, as our agent, are authorized to proceed at once to collect the account(s). Commission will be charged on accounts collected, paid direct or compromised in any way including merchandise returns and paid before collection. You are authorized to accept payment and to endorse checks, notes, money orders or drafts for deposit; the net proceeds of which you are to remit to us. Special authorization is not required to move to legal demand, file suit, compromise or grant an extension. All clients without valid contracts will default to standard rates. We agree to report any contact or payment from the debtor immediately. By placing these delinquent account(s) with RRS, you are certifying that these are valid debts and agree to be liable for all legal cost(s) if RRS has to defend an action brought against RRS because the debt is not valid.
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