Oconnor-Ravell

Available Services

The following is a brief synopsis of our services.

We work on a strictly contingent basis.
There are no hidden subscription fees, yearly contracts or advance charges.

Free consultation service
To assist you with your unusual collection problems.

Computerized monthly rundown
Of all account activity within the past thirty days.

Comprehensive interim status reports
Outlining the facts you require for meetings and delinquency reports.

Daily administrative conferences
During which problem accounts are reviewed by our experienced executives.

Remittances are mailed to you within 14 days
Checks are automatically processed when deposited into our Trust Account.

Tailored reports and invoice schedules
If your accounting or reporting needs require them. .

According to a survey by the Commercial Collection Agency Section of the Commercial Law League of America, the probability of full collection on a delinquent account drops off dramatically with the length of delinquency. For example, even after only three months, the probability is that you will collect only $.90 of each dollar delinquent. After six months, only $.67 of every dollar will be collected. And after one year, the best expectation is that only $.46 of every delinquent dollar will ever be collected.

WHEN TO EMPLOY A COLLECTION AGENCY??

When indebtedness is 90-120 days delinquent.
When inquiry discloses serious customer financial reverses, failing sales or other creditor collection action.
When costs of your own personnel's efforts do not justify further time investment.
When a customer demonstrates bad faith and loses credibility.

Commercial Collection Agency Association (CCAA)