555 COLLECTIONS “STATE OF THE ART RECOVERY SERVICES

  

Does your company extend credit of at least $1,500 to merchants and clients? Our team consists of in-depth researchers and Lawyers who specialize in recovering the funding that you disbursed. And we are voted one of the best Collections companies in the Merchant Cash Advance industry.

The Business Owner does not realize that they will not be able to use a Bank account either personal or with other businesses.

Here are some reasons why 555 COLLECTIONS are Experts in Recovery

(i) We receive the file from you our client (this will have the contract between you and your customer and the bank statements, Application etc.), before we assign the file to the Legal Department (or Attorney) in your customers state for the automated Judgement, our team does extensive Research about your client.

(ii) We run proprietary software to see if your client recently moved to a new address, if they are using a old corporation or recently opened a new corporation (maybe under their name or a relative spouse). We then send a private investigator to business contacts to get more information about the individual and their business.

Why this matters

After our research is completed if the client is using a different corporation, we have the Legal department that is assigned to that case use what’s called an “Alter Ego”.

FREEZING BANK ACCOUNTS

Once the Legal Department obtains judgement (fairly quick within a week or so) We then collaborate with the assigned Legal Department to start freezing bank accounts and services. Here’s why 555 COLLECTIONS is superior to other Collections companies. We have created a software that allows The Legal department to send restraining notice, i.e. frozen bank account to every banking and financial institution in the United States within minutes. The software that we created for the Legal Department allows the Lawyers to quickly freeze every bank in the United States (and there are 4,577) THIS DOES NOT INCLUDE PUERTO RICO. These 4,577 Banks include National banks and community banks such as credit unions Fintech banks.

What is an Alter ego according to Federal Law?