The Debt Collection Timeline: Part 2

How do agents actually go about the collection process?

RSD agent will continue to make written and verbal demands upon the debtor on a frequent basis until one of the following outcomes occur:

1. Paid in full.
2. Settlement is agreed upon and paid.
3. Payment plan is setup and executed (exception to the 90-day rule, as many plans take up to 12 months or more to complete).
4. Litigation is authorized and carried out (exception to the 90-days rule, as litigation may take anywhere from 6 months to 2 years to complete the process).
5. Account closed as uncollectible with explanation provided to client.

Learn More About Debt Collection Companies

Debt collection companies shouldn’t hide their collection process. If you’re curious about how RSD works, check out our Learn More articles, or submit a question through our contact form! To place a claim, call (248) 370-8160 or submit a claim form here. We look forward to helping you!

The Debt Collection Timeline: Part 1

How long does it take to collect on a debt?

Our clients love and appreciate the fact that our collection process, on average, takes only 90 days to complete. Our process is efficient, streamlined, augmented by technology, and generates results quickly. Below is a summary of the process:

1. New claim is processed same day as received. Acknowledgement is emailed to client.
2. Claim is assigned to a collection representative.
3. Demand letter is mailed and emailed to the debtor on day 1.
4. RSD agent reviews the file, investigates the debtor for (active, liens, judgments, etc.) and contacts the debtor for payment.

Learn More About Debt Collection Companies

Debt collection companies shouldn’t hide their collection process. If you’re curious about how RSD works, check out our Learn More articles, or submit a question through our contact form! To place a claim, call (248) 370-8160 or submit a claim form here. We look forward to helping you!