Subrogation Collections Agency vs. Attorneys

 

When it comes to recovery of property and uninsured motorist subrogation accounts there is some debate about using a collection agency versus a attorney.  Greentree has conducted case studies with our clients and the findings may surprise you, keep reading.

• Collection agenies have the tools in place to effect a quick and inexpensive recovery.
• Collection agencies have skip tracing tools in-house to quickly locate claimants.
• Collection agencies can suspend drivers licenses on a state by state basis, this often turns a torte into a contractual debt.
• Once the claimant signs a promissory note, collection agencies can report any late or default payments on an agreement to the credit bureaus.

In most cases you will find that a collection agency is equipped with the tools that will liquidate claims faster and without any out of pocket filing fees.