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Question: If I join RecoveryPro
Solutions and I
receive collection or judgment accounts from RecoveryPro
Solutions,
what % of my gross collections do I get to keep?
Answer:
For most of the accounts, you will receive 25% of the gross
collections unless otherwise noted (from time to time, we
may receive accounts from a source at commission rates that
does not allow for us to give the full 25% - these accounts
will be clearly identified and will not go below 15%)
Question: Is there a minimum performance
requirement to continue to receive accounts from RecoveryPro
Solutions?
Answer: No. Not as long as you are performing
- however, RecoveryPro Solutions maintains the right to
impose a minimum performance requirement, limit accounts, or
provide direction and advice for those who are not
performing at a satisfactory level.
Question: What is a minimum performance
requirement?
Answer: A minimum performance requirement is
a requirement to meet a minimum gross dollar recovery of
RecoveryPro Solutions accounts on a monthly basis.
Question:
If I place accounts with RecoveryPro Solutions for collections, what %
of the
recovered funds can I expect to receive?
Answer:
You will receive 50% of the money recovered on your accounts
- when and if recovered (Per the terms of your placement
agreement).
Question:
I am a Collection Agency or a Judgment
Recovery Professional. I am downsizing my debt portfolio or
I want to outsource my accounts. If I assign all my accounts
to the RecoveryPro Solutions, can I have a better rate than 50%?
Answer:
Yes, if you are outsourcing your accounts, give us a call
and we can discuss a higher rate for your accounts. Higher
rates may be available based on type of debt, age of debt,
amount of debt, and number of accounts.
Question: Why
do I have to be certified in order to join and to receive
accounts from the RecoveryPro Solution?
Answer:
In order to maintain the integrity of RecoveryPro Solutions and to
protect the trust placed in RecoveryPro Solutions by creditors, we need
to set standards, set recovery standards, and know
who we are allowing to
access RecoveryPro Solutions accounts.
Question: If I join RecoveryPro
Solutions,
can I use illegal or unethical tactics to collect debt?
Answer: No. We will not tolerate
illegal or unethical practices by any RecoveryPro Solutions affiliate -
even for non RecoveryPro Solutions accounts. We require all affiliates
to follow Federal and State collection laws; including the FDCPA. The Fair Debt Collection Practice Act can be found at:
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf)
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