Laredo Collection Agency Welcomes You!

The term collection agency is usually applied to third-party agencies, called such because they were not a party to the original contract. The creditor assigns accounts directly to such an agency on a contingency-fee basis, which usually initially costs nothing to the creditor or merchant, except for the cost of communications.

This however is dependent on the individual service level agreement (SLA) that exists between the creditor and the collection agency. The agency will then take a percentage of the debt that is successfully collected; sometimes known in the industry as the "Pot Fee" or potential fee upon successful collection. This does not necessarily have to be upon collection of the full balance and very often this fee is paid by the creditor if they cancel collection efforts before the debt is collected. The collection agency makes money only if money is collected from the debtor (often known as a "No Collection - No Fee" basis).

What will we do for you?

• We will provide your information to up to five qualified and competent collection firms with a proven record of accomplishment and client satisfaction.

• Your claim will be analyzed and evaluated by experienced collectors who will contact you directly regarding placement of the claim with their firm

• Your claim will be, upon placement with one of our preferred agencies, handled by experienced collectors who know how to extract payment from your debtor, using letters, phone calls and other methods of personal contact.

• All of the firms will provide you service on a “No recovery = No Fee” contingency fee basis, so that if the firm does not recover your money, you will not owe them a fee!

• We will help you take those unpaid bills and invoices and turn them into cash in your pocket.

• Our referral service is absolutely FREE.  There is no charge for our referral.

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