NorthStar offers a two-tier receivables collection service!
Inexpensive collection letters
For $6.85 NorthStar Technologies will send out three collection letters over a period of approximately 45 days. If your debtor pays the outstanding account, NorthStar will return what it collects except the cost for the letters. If you wish to pre-pay for the letters, the cost is reduced to just $5.85.
FREE contingency collection
NorthStar's second collection option is a no-fees contingency-split. If this is your choice, NorthStar will work to collect the full amount of your submitted business debt and then return 65% of the entire collected amount on accounts 120 days old or less. Debts older than 120 days are treated as a 50/50 split of all that is collected. Businesses with sizeable accounts may qualify for an even better arrangement. Feel free to contact me to discuss your accounts.
An explanation of how NorthStar collects AR debts is available at my explain the collection process page.
Sign up for receivables collection
Print the PDF receivables agreement at this link and then fax it to directly to NorthStar using the number at the top of the agreement. The areas that need filled out are highlighted in red. You may select "phase 1 (just the collection letter series), phase 2 (the non-fees contingency split), or phase 1 & 2 (NorthStar would start with collection letters. If these fail, it would go into its most aggressive tactics automatically).
After NorthStar receives the AR agreement you will receive a
password and log-in information so you can
upload AR accounts directly to NorthStar on their secure
site. If you have more than 50 AR accounts each month,
NorthStar will interface with your business so the files are
transferred even faster. To discuss interfacing options or
general receivables collection with me (Brad Price)
please contact me at (574-875-9994) or
use
e-mail.