We have 2 over due invoices (Oct 2015 & Nov 2015) with a vendor out of Houston TX (We are in Michigan) that total about $149,000 We would like to get a quote.
There is due and owing by V*I to K.T. the sum of $23,613.00 in respect of goods supplied and invoiced to V*I. The relevant invoices date from December 2010 to June 2011.
26 March 2014 - K.T. wrote to V*I noting the then balance of $30,613.00, attaching a statement of account and threatening proceedings.
31 March 2014 - V*I offered to pay $1,000 a month acknowledging the debt in handwriting on an enclosed cheque.
September 2014 - After 7 monthly payments of $1,000, V*I payments ceased in September 2014 leaving a balance of $23,613.00 due and owing.
28 January 2015 - K.T. threatened V*I with proceedings if payments were not reinstated.
Relevant invoices and letters can be provided if Burt and Associates are in a position to act for K.T.
I have 2 overdue accounts, one in NJ and one in NY. I wanted to know, what the fees are for collection, and are there any fees if you are unable to collect?
Please let me know what your rates are and your procedures. I have about 4-5 bad accounts now. They vary in dollars from about $500 to $15,000, both consumer and business. I am looking for an agency to utilize for all of our collection accounts on an ongoing basis. I am not interested in you handling any court proceedings or anything like that, just outside collections.