Services

Financial Profiles

Within the first 48 hours of placement our staff will perform an initial financial profile on your debtor.

This will include the following:

Landlord information. Property locations, square feet of each location, length of time as resident, and pay history.

Vendor information. Length of time as a customer, term of sale, high credit, pay history.

Bank information. Average balances on accounts, CD's and other securities, lines of credit, installment loans, who has check signing authority, NSF history. UCC search, trade reference verification.

Debtor information. Length of current employment, incorporation verification, other business licenses held.

Audit Approach

To retain existing clients this "non-threatening" approach is often used for early placement accounts (60-90 day delinquencies)

Standard Placement

This is the most common placement. Once placed the account is forwarded to a financial profile investigator. A full comprehensive search is conducted to identify all assets and liabilities of your debtor. SD Revenue Partners staff of professional collectors will then use this information with proven collection techniques to recover your losses as quickly as possible.

Legal Placements

If it is determined that an account can not be collected on a voluntary tone SD Revenue Partners will offer to split the costs of up-front legal fees with you if we feel the case is suit worth. The account will then be forwarded to a licensed, bonded and insured commercial collection attorney from our nation-wide network.

Offering your client's credit gives your business the edge it requires to stay competitive and secure long-term business relationships. To retain this edge one must also accept the reality that some of your collection accounts will require outside help.

Below we have listed some of the Warning Signs of a potential loss.

When to take notice

Changes in pay history
Personnel changes
Avoiding your calls
Partial payments without authorization
Requesting new payment terms
Using your Sales representative as a go-between
Last minute disputes
Requesting additional credit lines
Change of address

WHEN TO PLACE AN ACCOUNT WITH SD REVENUE PARTNERS PORTFOLIO SERVICES

Admits to cash flow problems
Refers you to an attorney
Ignores collection calls and letters
Breaks partial payment terms offered
NSF checks not made up
Phone Answers as new business or is disconnected

WHEN IT MAY BE TOO LATE

Bankruptcy notice
Formation of a creditors committee
Eviction
Out of statute of limitations
Chapter 7 filing notice received for the business and your personal guarantor