With most collection agencies, legal escalation is delayed after collection efforts have been exhausted, and the debt has continued to age, often by another 60 to 90 days. The debtor may assume that the client is not serious, which generally results in lower recoveries and lower client net back. All this for 15% fee.
The Altus process allows a much faster legal escalation process, because:
- The debtor clearly sees the client’s commitment to escalation and resolution.
- NO additional client fees are charged.
- Streamlined, faster process can significantly increase the size and speed of recoveries.
- Intelligence gathered during pre-lit phase informs and expedites your suit authorization process.