Global Commercial Collection Services
First Party Collections
- Recovery of receivables through a transparent first party program. Clients engage Global Hawk Resources (GHR) as a first party agency on receivables that range from 30 to 60 days past due on net 30 terms.
- This program utilizes our services at a low contingency rate in cases where our clients do not have the time or staff to cover collections internally.
- These programs have been run by partners of GHR in the past with highly successful results.
Letter Writing Service
- GHR creates “dunning letters” on behalf of our clients escalating slow payers
- Letters are created and verbiage stress the high priority to resolve
- Letters have an expiration date that if not resolved will be filed for collections
- Letters are free of charge
Third Party Program
- We work on behalf of our clients to resolved disputed AR items.
- We work strictly on a contingency rate, if we do not collect we do not get paid.
- Receivables handed over to GHR that are typically 90 to 180 days past due.
- All accounts receive multiple calls, emails and letters and progress/updates are noted on customizable status reports presented to our clients.
- Files that are not recovered by GHR with our client’s approval can be forwarded for review by an attorney in our network through the Commercial Law League of America.
- Upon approval our endorsed attorneys work on behalf of our clients to resolve the debt.
- This includes bringing files through litigation in hopes of receiving a judgment on our client’s behalf.
- Fees are broken out on a contingency basis.
- No collection on cost excluding upfront court costs.
- Rates increase due to party being involved.
- Accurately locating debtor’s current physically location
- Background on debtors including any liens of filings for bankruptcy
Collectability of Delinquent Commercial Debts at Time Intervals After the Due Date
Length of Delinquency in Months Since Due Date
- Due 95% 95%
- 1 90% 90%
- 2 82% 82%
- 3 70% 70%
- 6 52% 52%
- 9 38% 38%
- 12 23% 23%
- 24 9% 9%
Don't Be Shy
If we didn’t answer all of your questions, feel free to drop us a line anytime.