Legal Collections
Legal collections represent the collection of delinquent accounts that have moved to a legal status. Legal accounts are commonly worked by a legal collection firm or a collections attorney. The accounts may be purchase by the legal collections firm or the firm may be working the accounts under a contingency agreement.
Letter Outsourcing
Many organizations will outsource their letter processing for credit and delinquent accounts. Third party letter outsourcing vendors will interface with your software system and provide seamless management of your payment correspondence.
Letter outsourcing can be managed directly through the CollectOne software suite. Learn More...
Levy
A levy is where the property of a judgment debtor is seized for public sale to satisfy a monetary judgment.
The CollectOne software suite comes standard with an award winning legal system that is designed to maximize productivity throughout the legal collection process. Learn More...
Lien
A lien is a legal document used to create a security interest in another's property. A lien is often given as a security for the payment of a debt. A lien can be placed against a consumer for failure to pay the city, county, state or federal government money that is owed. It means that the consumer's property is being used as collateral during repayment of the money that is owed.
The CollectOne software suite comes standard with an award winning legal system that is designed to maximize productivity throughout the legal collection process. Learn More...
Lien Perfection
When a secured creditor has taken the required steps to perfect his lien, the lien is senior to any liens that arise after perfection. An unperfected lien is valid between the debtor and the secured creditor, but may be behind liens created later in time, but perfected earlier than the lien in question. An unperfected lien can be avoided by the trustee.
The CollectOne software suite comes standard with an award winning legal system that is designed to maximize productivity throughout the legal collection process. Learn More...
|
