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Three R's of Commercial Collection
Recovery
Reporting
Remittance
Recovery Rates

VeriCore is steadfast in its belief that to be the best in the collection industry, you have to employ the best in the business and give them the most advanced tools available. Our goal has always been to give you the best returns on the accounts you place for collection. We offer unparalleled performance, yet only charge standard collection industry rates. We go way beyond the typical letter writing and phone contacts performed by most other agencies. If letters and phone calls had worked, you would not have needed a collection agency in the first place.

VeriCore offers services that are an extension of your in-house efforts, not a repetition of them. From our International Collections to face-to-face private investigator contacts, VeriCore goes the extra mile for our clients. If we don’t collect, it doesn’t cost you a dime!

Using VeriCore is simple and easy. We only require the basic information to get started on most collection cases, and there are no strings attached to the process:

  • No Contracts: You are not bound by any collection agreement that requires you to commit all of your collection accounts to VeriCore. There are no minimums; use us as often or as little as you wish.
     
  • Contingency Based: With VeriCore, there are no “coupon books” that you need to buy in advance, no pre-payments, and no hidden charges such as “management fees” that surprise you down the road.

Our Standard rates include everything! We assume the costs of Private Investigators, attorney demand letters, and all fees associated with our Asset and Liability Investigations. The below rates apply to the standard individual debtor placements that are most common in the collection industry.

Rates on individual placements are:

33.3% Accounts that are less than one year old from the date of the most recent invoice, and the debtor company is still in business with a working phone number.
50% Accounts that are over one year old from the date of the most recent invoice, and/or accounts that have gone out of business without a current working phone number. This rate also applies to International accounts, accounts under $200, and second placements from other collection agencies, attorneys and Judgments.

Our standard rates can be adjusted based on:

  • Size of individual accounts
  • Age of Account
  • Volume of accounts being placed for collections
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