Not all third party customer service and collection claims processes are as cut and dry as they could or should be. Unfortunately, sometimes a medical care or insurance industry client will be unable to or opt not to pay. This is something that Coast to Coast Financial Solutions has dealt with in the past and will offer solutions to deal with it on your end. Our legal accounts receivable collections procedures will prove to be an effective answer to the financial issues that you are facing. There are some cases where even the best collection agency is unable to resolve a bill because the debtor is either unable or unwilling to pay. In these cases, Coast to Coast Financial Solutions is able to work with skilled collection attorneys local to the debtor in order to pursue various debtor payment options, including through the court system if necessary.
The legal account receivable collection procedures are as follows:
Final Demand Letter Before Legal Accounts Receivable Procedures
Our Phase 2 Service includes a Final Demand Letter (on eligible accounts), which is sent to the customer prior to forwarding accounts to a local attorney. If payment is not made within a week, the account could be a candidate for Legal Forwarding. Authorization must be received from your Company prior to accounts being forwarded. Once authorized, the Attorney will evaluate the claim(s), send a demand letter on their letterhead demanding payment, and give us their recommendations and requirements for filing suit (if applicable).
Paperwork Forwarding for Legal Accounts Receivable Procedures
Once the final demand letter has been sent, the customer will go through a waiting period. Once that time has passed, the second aspect of the legal accounts receivable collection procedures is put into motion. If payment is not made within a week, the account could be a candidate for Legal Forwarding. Coast to Coast Financial Solutions will not take this step without making sure that it is exactly what you want to happen. Authorization must be received from your company prior to accounts being forwarded. Coast to Coast Financial Solutions will reach out to go through this process with you. Once authorized, the attorney will evaluate the claim(s) and then send a demand letter on their letterhead demanding payment from your client who is not paying you.
Official Advisement During Legal Accounts Receivable Procedures
Once this point has been reached, you will need more in depth legal advisement. Coast to Coast Financial Solutions is happy to offer you the legal counsel that you require to plan out the next steps in your legal case. The same attorney who Coast to Coast Financial Solutions has reached out to in order to file a demand letter will give you the information that you require to make the most sensible decisions for your next steps. The legal accounts receivable procedures team will move onto the court case process at this point, should you desire to go in that direction. Coast to Coast Financial Solutions will be happy to support you through this process and beyond.
Further Avenues for Legal Accounts Receivable Procedures
One thing that could inevitably happen is a court case. If this is the course of action that you ultimately must take, then Coast to Coast Financial Solutions will surely provide you with support that you need throughout the process. We understand that this will be a trying time, but we have been through it in the past and we will offer our expertise in the area along with all of the official legal expertise that you need to in order to be as successful as possible in your endeavors. The legal accounts receivable collection procedures that Coast to Coast Financial Solutions utilizes will prove to be helpful to you and your business in the long run.
