AWA Transportation Collection Process
While the transportation collection process may vary from agency to agency, it is important to be straightforward and direct with clients when it comes to collecting on delinquent freight invoices.
The 5 Step Transportation Collection Process
AWA Collects takes pride in creating a clear and organized plan when it comes to collecting what is rightfully yours. Please take a moment to learn more about the 5-step process that we take with every client to ensure that no debt is left unclaimed.
1.) The Investigative Process
AWA will conduct an investigation on debtor and UCC searches. A UCC search is a Uniform Commercial Code that is used primarily by creditors to stake a claim in borrowers’ assets at the time of default. With this information, we will locate any companies affiliated with the delinquent company, past associates and owners, as well as running a report on the debtor’s credit, to get a clear picture of the current situation.
2.) Assessing Liability
Once we have compiled enough data on the delinquent party, we will take the data from our investigative process and determine which party is liable to pay the debt, this can include the debtor, affiliate companies, officers of the debtor, or any third-party beneficiary involved. AWA will follow the trail to determine exactly who is liable for collection.
3.) Start Collection Process
AWA will contact the delinquent party and seek voluntary resolution from the debtor and any legally viable partners. This includes issuing demands of payment from all parties involved.
4.) Finalize Collection Process
If the legally liable parties refuse to settle the debt, AWA will contact our clients to inform them that litigation may be required if they wish to move forward. If the client wishes, we will assist in finding/hiring an attorney from one of the applicable jurisdictions where the lawsuit can be filed.
Once a proper counsel has been chosen, a lawsuit will be filed to collect on unpaid debts. Based on the outcome of the previous 4 steps, we will report back to our client to let them know whether our efforts were successful or if their account has been deemed uncollectible.
Why Choose AWA for Your Transportation Collection Needs?
AWA operates on a contingency fee basis, meaning, if we cannot collect, you owe us nothing. If collection efforts are successful, our rates will be based on how old and how much the debt is, if there is a damage claim, and whether the debtor is in or out of business.
For more information on our agency practices and methods view our AWA Collection Process Page