AUDIT REVENUE SERVICES

MAPS Collection Program

is offered by Audit Revenue Services. It is specially designed to enable businesses to recover delinquent client receivables while maintaining your image, and minimizing valuable time dealing with delinquent receivables.

The MAPS Collection Program is a unique three level program offering full service collections including Audit and Balance Verification, Pre-Litigation Pursuit and Contact, and at your discretion, decisive court action including Small Claims processing when necessary.

MAPS is unique in that it offers Minimum Account Performance Standards based on the types of accounts you submit and how you would like us to handle these accounts. This guarantees Minimum Account Performance on each and every account regardless of the age or size of the account, unlike conventional agencies which skim accounts, by only working the easy ones, the more current ones, and the larger balances.

Key Benefits

An Alternative To Conventional Collection Agencies: The MAPS Pre-Litigation Program offers an alternative to conventional agencies which provide generic collection services without concern to your image and types of clients handled. Conventional agencies typical strategy is to salvage a percentage of write off after deterioration has occurred, hence the reason why they are expensive, produce poor results, and alienate clients. MAPS provides Minimum Account Performance on each and every account while keeping fees low enough to encourage early submission of delinquent accounts.

The MAPS Pre-Litigation Program is Economical: Our fee structure is very economical. Fees range from 5-25% pre-litigation depending on the age and size of the account. In most cases our fee is lower than the cost you would incur if you pursued the account internally. Therefore, you can refer delinquent accounts earlier in the collection cycle when third party authority is most effective. Choose from either Fixed Fee Programs, Contingent Fee Programs, and Retainer Programs to suit your needs.

The MAPS Pre-Litigation Program is Comprehensive: Monthly status reports will be provided. This management information enables you to monitor all collection activity. Emphasis on communication, low costs, and higher recovery ratios separates us from conventional agencies.

Minimum Account Performance Standards (MAPS)

MAPS is unique in that it offers Minimum Account Performance Standards based on the types of accounts you submit and how you would like us to handle these accounts. It features a unique three level program offering full service collections including Audit and Balance Verification, Pre-Litigation Pursuit and Contact, and at your discretion, decisive court action including Small Claims processing when necessary.

Level One Services

Pre-collection Audit and Balance Verification. A written pre-collection Audit will be sent on behalf of your office to verify any billing discrepancies or problems on the account. If your client has any questions about the balance, he will be instructed to contact you to clear up the account, rather than you endlessly chasing after him. In addition, if the client signs the Audit and returns it to ARS, the client is admitting that the balance is correct which helps minimize potential fee disputes and protects your interests if litigation is required.

Telephone Audit Contact. Two weeks after the written audit, an Auditor will telephone your client during evenings or Saturdays when the client is most likely to be home to verify that the balance is correct.

No response. If the client does not respond, Level Two Services will begin. It will then appear that the Auditors triggered the collection, not the creditor, which preserves your image.

Level Two Services

High impact collection contacts are initiated including Collection Officer Written Demands, Mailgrams, FaxGrams, and a written demand by a collection attorney or a Small Claims Written Demand.

Multiple telephone contacts by professional collection officers.

Employment verification at your discretion. (Business status verification also available).

Reporting to national credit bureaus at your discretion.

Accounts processed for 90 days.

Level Three Services

At your option, accounts not collected in Level Two can be transferred automatically to the ARS Litigation Services Recovery Section.

The Litigation Services Recovery Section is a full service workout section providing specialized litigation services.

Services provided include in person field investigation, asset verification, Small Claims processing, skip tracing, and litigation when warranted at our expense.

We maintain responsibility for processing, negotiating, remitting and accounting for all payments and settlements in accordance with your guidelines. All Level Three services (with the exception of the Small Claims Processing Service) are provided in the straight contingent fee which includes litigation, at our expense. Skip tracing is also included if necessary. No recoveries, No charge.

MAPS Pre-Litigation Fee Schedule

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Last modified: June 05, 2005