Commercial Receivable Management Solutions
Contingency Solutions
• CMR Group LLC specializes in Commercial Receivable Management, 3rd Party Commercial Debt Recovery, as well as, Legal Forwarding Services operating throughout the United States.
1st Party Collection:
Designed to maintain the commercial bond between you and your customer. Our 1st Party Collections are performed on your behalf and in the name of your company or business. To start, we will perform an upfront analysis of what is currently being done, leading to a proposal of what should be happening based on our experience and knowledge.
Contingency Rates: 10% for all accounts 0-60 days old
3rd Party Problem Solving Approach:
Audit terminology is used initially to find out if a problem or dispute exists. A threat of collection agency activity is used if warranted, e.g., if debt is not disputed, but the debtor fails to honor commitments to meet obligations.
Full 3rd Party Collection Approach Without Financial Investigation:
Full collection effort. The debtor is advised that they have been referred to a third party collection agency for the purposes of collecting a debt. If warranted, legal remedies will be pursued.
Full 3rd Party Collections Approach Including a Financial Investigation and Direct Contact by a Field Investigator:
Full collection effort. The debtor is notified that an Asset and Liability Investigation has begun. When warranted a private investigator is assigned and makes face-to-face contact with the debtor.
Contingency Rates: Our low contingency rates for accounts between 90 days - 365 days old range between 20%-33.3% depending on such factors as size and volume. Please call or e-mail for a customized proposal.
Legal Forwarding Services:
CMR Group LLC’s recommendations for legal action are based on a collector’s assessment of the debtor’s ability to pay. Thus, only a small percentage of referrals are recommended for legal action.
Contingency Rates vary based on state & county.
CMR Group LLC Membership Solutions
This is a cost of only $595.00 a year! Less than $50.00 a month. This amount is less than you would spend, on average, for placing one debt with a collection agency, and you have the freedom to manage all of your delinquent accounts for that same low price. Not only that, but with your membership, you can print as many of our three stage in-house and outsourcing dunning letters as you need...unlimited...if you need a letter then just click it and print it. It's that simple.
There's more! You also get unlimited use of our unique delinquent payment history database to post your delinquent customers and to search for the payment histories of current and future customers. On top of that, you can also have all of your collection related questions answered by our knowledgeable customer service rep.
You also get access to all of our unconventional tools, such as On-Site Visits, filing complaint forms, and much more. But the value doesn't stop there! If you decide to outsource your account to our 3rd party collection department, you will receive a 100% credit on the money you spent on your membership credited back to you upon successful collection of your past due account.
This is just the start of the many valuable tools and tips you will have access to with your CMR Group, LLC. membership as you learn how to bring in those past-due accounts before outsourcing the collection process to a third party.
Remember, CMR Group, LLC. is the place to go before you let go of your receivables.
Features and Benefits
Unlimited entry of delinquent customers
Allows you to manage your delinquent customers from the "My CMR Group, LLC." homepage. You can select and print multiple demand letters, manage invoices, post your delinquent customers, and choose additional services such as On-site Visits, Collection and Legal forwarding.
Unlimited Posting of delinquent customers' payment histories for all the world to see
You can post those old 'No-Pays' to our Delinquent Payment History search engine for all vendors and creditors to see. Also use this tool to help bring your slow-pays and difficult accounts into your payment terms.
Email alerts from your CMR Group, LLC. "Watch List"
The "Watch List" from CMR Group, LLC. offers you an easy, efficient way to add and access a business name and phone number. As a CMR Group, LLC member, you can store an unlimited number of companies in you CMR Group, LLC. "Watch List" section of your account and receive automatic email alerts when that company is posted with CMR Group, LLC.
Allows you to utilize proven demand letters, both in-house collections letters, and 3rd party demand letters that motivate debtors without paying per letter charges or signing costly contracts. These letters print on your computer so you are sure that they are mailed.
Allows you to be proactive in establishing credit for new customers by utilizing an additional source for delinquent payment histories and/or extending credit for current customers without paying per search charges or signing costly contracts.
Also allows you to easily and effectively manage your delinquent customers and invoices with auto notification for each of the recommended steps in our proven program.
Access to both conventional and unconventional collection tools.
Allows you to utilize the tools that collection agencies and lawyers have employed for decades. Additionally, gives you access to new and unconventional tools being introduced by CMR Group, LLC.
CMR Group, LLC. Past Due stickers and ultra cool mouse pad.
Motivate your customers to stay within the Credit Terms you established. These proven Past Due Stickers keep customers current and on their toes and the "Ultra-Cool" mouse pad reminds you of the place "to go" before you "let go" of your receivables.
100% Credit on your membership with CMR Group, LLC.
If you follow CMR Group, LLC. Psychology & Methodology steps 1-5, and have not collected your past due receivable, and place your account with our 3rd party collection department, then you will receive a 100% credit on your membership with CMR Group, LLC. upon the successful collection of your account.