Rental Collection

Letter to Litigation is Atlas Collections mainstay debt recovery product for any Rental Property Collection program.  This proposal covers the process, costs and information required to start the process of recovering your past due receivables.  Atlas takes a "Firm but Fair" approach with all accounts placed for collection.

Custom Industry Solutions:  Atlas will customize its approach to accommodate any special needs your accounts require.  Many times based upon type and age, ongoing client relationship accounts must be handled with a specific touch.  We will work with you to develop the appropriate touch based upon our combined mutual experience handling these types of accounts.  Custom settlement options based upon industry standards should be considered as an important collection tool on your accounts.

Three Steps to Collection:

1. Letters:  Atlas will initiate the collection effort by "validating the debt" with one letter allowing 30 days for a response then proceeding to Step 2.
2. Calls:  Calls from our Account Representatives will begin day 31, if no response from our letter.  We will be asking for payment in full.  We will either establish a payment plan or will recommend the account move to Step 3.
3. Litigation:  If no resolution can be reached, a review for possible litigation and garnishments (wage and/or bank).  Asset location will start and assist with the perfection of the judgment in the appropriate jurisdictions (litigation is available in all 92 Indiana counties).

Recovery Percentages:  Atlas recovers, on average, 20 to 30% of all accounts placed on our system depending upon age, initial information provided, and industry.

FTP and Regular Account Transfer:  Atlas maintains a secure FTP site for file transfers via the Internet.  Accounts may also be submitted by regular mail.

Billing:  Atlas will send a monthly statement along with the "Net" amount due you by the 10th of the proceeding month.