Investigations
"Knowledge is power" - "To know is to control"
These quotes are especially true in the area of commercial debt recovery. By investigating current and liability information, past placements and general credit information, we provide you with data needed to make sound decisions. If we must resort to forcing a debtor to pay his obligation, we ensure that a judgment once obtained will be enforceable. Although, our search of public records and other areas concerning individuals and corporations is provided at no charge, an asset and liability search can be added to a petition, as a collection cost, in case of litigation. Regarding skip tracing in the optical industry, today's skips are generally just "around the corner" in business for themselves again or working for someone else. We will, over time find a high percentage with proven techniques. If we need further assistance, depending on the situation, we have contacts throughout the United States and Canada that will find 90% of "skips" whose whereabouts is desired.


Account Recovery
Upon claim placement, recovery action is initiated, generally within one hour. On repeat debtors, we use techniques which have been successful in the past. On new claims, we first determine what type of debtor we are dealing with and adjust our efforts accordingly. A "can't pay" or dispute debtor, must be handled totally different than a fraudulent or "won't pay" debtor.

We determine the business entity and status with corporate license search, business / occupational license search. We finally gather information concerning a practitioner's license. Based on many variables, time-proven techniques are employed. The majority of claims, even balances as low as $200 are courier picked up and delivered. We ensure that the "check is really in the mail". On genuine "can't pay" or dispute debtors, we provide viable solutions to ensure that you recover money owed to you in the least amount time possible in an amicable fashion.

On the other hand, regarding a fraudulent or "won't pay" debtor, we will with your approval, apply the necessary pressure to force them to pay. On repetitive debtors, they already know our leverage in the optical industry and most often are more cooperative when recovering the claim. We have data on over 3,000 debtors in the optical industry. Even if the debtor skips, he shows up again and our file is accessible on past history. The most valuable benefit to our client is that we are in the business of recovering overdue accounts in the optical industry. We GUARANTEE that we will do our best to recover your claims and keep you informed in a timely manner.


Credit Reports (Limited)
With over seven years experience and with service during this time to over five hundred and fifty Optical Distributors, we have compiled extensive debtor information. At this time, we will at no charge, provide our clients with what we believe are the best credit application forms, personal guaranty, UCC filing information, letters of credit, etc.. We do this to help protect, possibly your most valuable asset - your receivable. We will also at no charge provide credit reports on collection candidates only and with a credit application, (claims $400 and above).

In regard to your new potential customer inquiries, we at this time do not provide this service. You may however, request an information verification and we could have more information than your applicant is revealing. Regarding collection candidates, we will advise of incorporation status and officers, we will provide licensing status on sole proprietors or partnerships. We will advise on the outcome of optometry and optician license inquiries on states that licensing is required. We will provide information on property holdings, bankruptcy filings, tax liens, judgments and other industry information that we have obtained. Again, we provide the most effective recovery service that can be obtained in the Optical Industry and credit reports are for potential collection placements only.


Credit Information And Rates
At Optical Recovery, we are not just a legal forwarding firm and a collection agency, but an advisor to you as our client. We have excellent credit applications and other valuable information we offer at no charge. When extending credit there are other avenues to protecting your receivable, such as, cross-corporate guarantees, personal guarantees, UCC filings, or letters of credit that can insure that at some point you can recover the debt.

WARNING SIGNS

1. Incomplete Credit Application - If in business less than two years, will not sign a personal guaranty.
2. Debtor's Response To Letters, Phone Calls - Evasive, Nonchalant
3. Is Beyond Terms - Not Placing Orders - Now Buying From Competitor

1. Don't Wait More Than 30 Days Before Contacting Your Debtor.
2. A Final Notice For Payment After 45 Days
3. After 60 Days - A Notice Should Be Sent That You Are Placing Account For Collection Or Legal Action. At 65 Days - Turn It Over