Account Reporting Procedures A trust account exists for all client financial activity All payments received at the agency are posted immediately upon receipt, and direct payments to the client are posted immediately as reported by the client A monthly trust report is provided reflecting all financial activity Clients receive a check from the trust account for their portion of money collected Client reports can be customized to meet individual client needs

 

We accept the traditional methods of assignment through listing sheets, computer printouts, tape to tape, and electronic transfer. Based on these types of assignments we provide the following reports monthly, annually, or upon request:

1. ACKNOWLEDGEMENT Within five days from the date of assignment we will send to you an alphabetical confirmation of assigned accounts.

2. ACTUARY REPORT A comprehensive and statistical analysis useful in determining the overall collectability and liquidation of accounts, detailing: the number of accounts referred in a given month total dollars referred average balance monthly dollars collected dollars collected to date percentages of return

3. MONTHLY REMITTANCE/INVOICE An itemization of collections made and fees retained.

4. DEBTOR INVENTORY A simple report covering the status of individual accounts.