National Recovery Systems, Inc.

 National Recovery Systems is a Business Debt recovery firm.  We specialize in commercial transactions from state to state or outside the United States. If your business needs to speed up cash flow and recover past due balances; you've come to the right place!

 

 

Does this sound familiar:

 

Your firm in good faith jumps through hoops and delivers the product satisfactorily to your client with fair terms. Your client misses terms and you have been patient and let them go to 90 or 100 days because they have kept in contact. Then the balance gets out to about 120 to 150 past due and they stop returning or taking your calls. They may have even given you the ‘The check is in the mail’ line we all love so much. Now they have effectively made your company into a bank and you must service a loan; so along with your regular duties of running your business and servicing all your paying customers, you added a loan division. The opportunity cost becomes too high and it’s probably time to contract out this account out and hire a collection agency.

 

 

Diminishing Returns:

 

Generally in a problem account situation the more they just hear from you and your nice polite, patient and understanding voice, the more it becomes easier for you to slide down on their payable list. All going concerns are paying a certain number of vendors to keep their doors open.

 

So as time goes on, your firm slides further and further down their payable list. It’s our job to get our clients up on their payable list. Most businesses, especially smaller firms have erratic cash flows and you have to be up on their list at the right time. “The Squeaky Wheel gets the Grease” so to speak.

 

 

We don’t have that many:

 

We have a lot of clients that fall into that category and might have just one past-due every other year; we don’t require contracts and work on a contingency basis. At the end of you fiscal year, every penny of these write offs reduces your profit; so there’s no such thing as a small amount



We only have issues when they go Bankrupt:

 

Waiting several months staring at that receivable on your aged report until a Bankruptcy is not a good approach to minimizing losses. Companies can be sold, go into receivership, unofficially dissolve, or file Bankruptcy. In most cases, it will be many months from when your debtor misses terms until one of these end-game scenarios take place. This critical time is when you must take action to get of this sinking ship and mitigate this bad situation. Procrastination is the absolute last thing companies want to do when presented with this situation.



 

We only get paid if we collect for our clients. We would much rather have you write of our fee than the whole debt! We are trying to mitigate a bad situation and get off this sinking ship!  We recommend our clients for debts longer than 9 months write it off as an expense for tax considerations, and re-book the income the following year if the debt is recovered.