YCS Brochure

8/9/2019 YCS Brochure

http://slidepdf.com/reader/full/ycs-brochure 1/22

We represent clients in every conceivable industry.

Specializing in the collection of commercial debts with an

emphasis on the collection of judgments.

Call today toll free (888) 378-8100

We will get you the results that you expect!!

Phone: (888) 378-8100 Website: www.ycscollects.com

Fax: (954) 424-0500 Email: [email protected]



Our company¶s objective is to become your collection partner by

providing you with a stress free way of collecting your outstanding

receivables. This will allow your firm to focus on your business.

Your Collection Solution, Inc. is a worldwide collection agency. Ourfirm is licensed, bonded and incorporated in the State of Florida.

Our management team has over thirty years experience in the

collection industry. Our company¶s philosophy is to treat your

business as if it were our own. We understand that your clients are your livelihood.

Our mission is to provide our clients with the highest standard of quality and

services by utilizing cutting edge techniques to collect outstanding receivables

in an expeditious and amicable manner.

MISSION STATEMENTMISSION STATEMENT



Uncollected debts cost businesses billions of dollars every year whichcauses a negative effect on the bottom line. Our company·s goal is toassist with solutions which will maximize profits and increase yourcompany·s bottom line.

Collection of past due commercial and consumer invoices

Collection of promissory notes

Credit bureau reporting

Enforce the collection of judgments throughskip tracing and asset investigations

Pursue cases in litigation through our nationwide attorney network



We accept placements via fax, through our website in excel format andmail

Accounts are processed within hours of receipt

Initial demand letters and phone calls are made to the debtor withinhours of placements

Acknowledgement of account placements are faxed within forty eighthours

Files are submitted to the credit bureau every week

Client statements are faxed monthly

Client disbursements are remitted biweekly



A company must establish a specific policy for management of theirreceivables from day one through the time that the account becomesdelinquent. It is imperative to have an action plan. You may have goodcustomers that need a little understanding and patience while others need

to be handled with a stronger approach which may require litigation.

The world economy is in a recession. Time is of the essence in placing anaccount for collection. The older an account becomes, the lower yourchances of recovery. It is critical to take proactive actions once an accountages over forty five days.

For your business to grow, you must have cash flow. When your clients paylate, or not at all your business suffers. Call today toll free at (888) 378-8100 and turn your receivables into cash.

Collection

Litigation

Asset Investigation

Judgment Recovery



The chart below shows the United States Department of Commercestatistics on the effect of aging of debt. The age of each accountdetermines their value. As the age of debt increases the success of the

collection decreases.

Collection

Litigation

Asset Investigation

Judgment Recovery



Why use a collection agency?

Many debtors will pay a collection agency even though they never cooperatedwith the original creditor. Once the case is placed with a collection agency

some debtors finally realize that you are serious and do not want their creditto be compromised.

Where does Your Collection Solution, Inc. provide services?

Your Collection Solution, Inc. collects both commercial and consumeraccounts receivables with an emphasis on the collection of judgments in allfifty states and in most foreign countries through our network of collectorsand collection law firms.



When is a good time to employ a Collection Agency?

When indebtedness is 45 days delinquent.

When an inquiry discloses serious financial conditions.

When a customer demonstrates bad faith and loses credibility.

Is Your Collection Solution, Inc. a member of any National tradeassociations?

Yes, we are a member of the Equifax Credit Bureau, Dun & BradstreetCredit Bureau and ACA International which is the largest association of credit and collection professionals. In addition, Your Collection Solution,

Inc. is a member of the Better Business Bureau with an A+ rating .



Is there a contract to sign?

We have a Retention Agreement in order to protect yourinterest as well as ours.

If I want to begin utilizing your services for collections,how do I get started?

You must execute our Company·s Retention Agreement andfax said Agreement to our office at (954) 424-0500.Once youhave faxed the executed Retention Agreement, cases can beplaced through our website at www.ycscollects.com,via fax or

U.S. mail.

Does Your Collection Solution, Inc. charge an annual fee?

No, there are no annual or monthly fees. We are paid onlywhen we recover your money. You have nothing to lose andeverything to gain.



Are there any up front costs for collections?No. There are no up front costs to collect your delinquent accounts.In the event that you do not have the individuals social securitynumber or corporation·s federal identification number there will be anominal cost.

You will be responsible to pay all out of pocket expenses associatedwith the filing of a lawsuit if necessary. If you have obtained a judgment and require the services of our independent assetinvestigator there are costs associated with their investigativeservices. Our office works exclusively on a contingency fee. ´If wedon·t collect we don·t get paidµ.

What debts can be placed for collections?We will accept debts for collections that are less than three yearsold or within the statute of limitations to file a lawsuit. There is aminimum of two hundred dollars ($200.00) on files placed for

collection.



Does Your Collection Solution require a certain number of accounts tobe placed for collections?

No, we have no requirements on the amount of cases that are

placed for collections.

How long can you pursue a debt?

We can pursue outstanding debts as long as they are within the

Statute of Limitations. (Note that each state has its own statute.)

Is there any involvement or requirement of the client?

Once you place a case for collections we ask that you stop all inhouse collection activities and cease all communications with the

debtor as this will only compromise our collection efforts. All offers of

settlements will be presented for your approval. Furthermore, you

must report all debtor payments to us. It is illegal to continue

collections efforts and report a debtor to the credit bureaus when

they have paid their account.



What is the process for collections?

Once you have placed an account with us we will send an initial collection

validation letter to the debtor advising them that the account has been placed

with our firm for collections, who the creditor is and the amount of the debt. We

advise the debtor that if they have a dispute it must be made in writing. Our

collectors will attempt to contact the debtor to discuss the case within hours of

placement. However, when pursuing a consumer collection matter during the

initial thirty day validation period our collectors cannot make any demands for

payment or reference the credit bureau. After the thirty day validation period, we

can demand payment and place the debtor into the credit bureau.

When pursuing collections on a commercial case our collectors can be more

aggressive. Typically we will fax our demand letter to the debtor within one hour

of receipt of the case and begin demanding payment in full. In the event that the

debtor is not responsive we can place the debtor into the credit bureau and or

file a lawsuit immediately.



How soon can you collect our money?

We are able to collect payment in full on some cases within days.Cases of bankruptcy or business closure are usually uncollectible.

The age of the debt will also play a part in our success rate. Mostsuccessful collections occur once the debtor is placed into the credit

bureau and or when a lawsuit is filed.

Will Your Collection Solution, Inc. compromise or negotiate mysettlement?

No, only you can approve a compromise. We will do our best tonegotiate the best settlement. All settlement offers will be approved

by you the client.



Does Your Collection Solution, Inc. accept payments? Yes, we demand all payments be made directly to our office orour attorney·s office. Occasionally a debtor will pay youdirectly. It is imperative that you report any and all paymentsthat you receive so that we may credit the subjects file

accordingly and report to the credit bureaus. How often does Your Collection Solution, Inc. disburse

payments?All payments are deposited into our trust account and aredisbursed biweekly after said funds have cleared our account.We ask that you remit our fee on payments paid directly to you

within twenty days.

What if you can¶t collect for me?If we are unable to collect on your case within thirty days wewill place the debtor into the credit bureau and recommendthat you file a lawsuit.



Are you able to find people and corporations?

Yes. Our firm utilizes independent private investigators. They are able

to locate most individuals and corporations. Our investigators are

equipped with the latest software to track down individuals and

corporations when they relocate. Successful collection on adelinquent account requires locating the debtor. It is helpful to have

the last known address, social security number or federal

identification number.

Is Your Collection Solution, Inc. able to locate debtor·s assets?

Our independent private investigators specialize in locating hiddenassets such as bank accounts and brokerage accounts. The Gramm

Leach Bliley Act requires that all financial investigations have a

permissive purpose. Our searches are performed legally; therefore

our firm requires the requesting party to have a valid need for this

type of information.



Is there a guarantee to make a recovery when I place an assetinvestigation?

There are some cases that will prove to be uncollectible. Therefore,

there is no guarantee that the information we obtain through ourasset search will automatically translate into a recovery of your judgment.

How long does it take to collect on a judgment?

This varies depending on the financial conditions of the debtor.Once our investigators have determined that there are assets suchas bank accounts, brokerage accounts or real property it typicallywill take forty five to sixty days for our attorneys to enforce the

collection of the judgment.













Documents

YCS Brochure