Our Results
Zach Bramble, MBA
“I was in a total stand still with a client who just wouldn’t pay. Every conversation became an argument and we were making no progress. PRP jumped in, kept it professional and helped everyone get back on track. In just a matter of days, they got the client to agree to a resolution and cut a check. Huge relief. If you find yourself in a position where you have a client who won’t pay and it’s turning into a mess, you want PRP on your side.“
Dov Ellenbogen, Partner
“After providing three months of marketing services, our client underwent an acquisition and our main contact left the company. During the transition, our payment was overlooked and all communication stopped. PRP brought them back to the table and secured the full payment. We highly recommend them to anyone having difficulty collecting a payment, even in complex situations.“
Josh P., Owner
John Tuck, Owner
Our Results
Zach Bramble, MBA
“I was in a total stand still with a client who just wouldn’t pay. Every conversation became an argument and we were making no progress. PRP jumped in, kept it professional and helped everyone get back on track. In just a matter of days, they got the client to agree to a resolution and cut a check. Huge relief. If you find yourself in a position where you have a client who won’t pay and it’s turning into a mess, you want PRP on your side.“
Dov Ellenbogen, Partner
“After providing three months of marketing services, our client underwent an acquisition and our main contact left the company. During the transition, our payment was overlooked and all communication stopped. PRP brought them back to the table and secured the full payment. We highly recommend them to anyone having difficulty collecting a payment, even in complex situations.“
Josh P., Owner
John Tuck, Owner
Our Solutions
Outsourced Accounts Receivable Billing
Need ongoing assistance with your non-delinquent Accounts Receivable? We’ll operate as your billing department, ensuring ontime payments across all accounts, while engaging your clients as a billing company (or from your own company email) to maintain a frictionless experience for clients in good standing.
Business to Business Debt Collection
Our B2B Debt Collection Service is among the most effective in the industry! We specialize in maintaining a careful touch with your clients, while emphasizing
urgency in resolving your outstanding debts. We boast an over 80% successful collection rate, with collection times under two weeks!
Custom Payment Terms Development
Our Solutions
Outsourced Accounts Receivable Billing
Need ongoing assistance with your non-delinquent Accounts Receivable? We’ll operate as your billing department, ensuring ontime payments across all accounts, while engaging your clients as a billing company (or from your own company email) to maintain a frictionless experience for clients in good standing.
Business to Business Debt Collection
Custom Payment Terms Development
Helpful Tips and Information
How does collections work?
When you hire PRP to perform debt collections services for your business, we approach each case with care to ensure the fastest result and best experience for all parties. After reviewing the details you provide, we’ll do our own deep-dive to understand your customer and their organization. We then reach out via text, email, phone, and physical mail frequently until your customer is reached. we’ll aim to understand their reason for non-payment and once any issues are resolved, find the fastest path to getting you paid. We handle each case with a balance of care and urgency, and focus on solutions rather than problems - which is appreciated by both our clients and their customers.
What types of debt does PRP collect?
If your customer is another business, we can help you collect! If your customer is an individual, you we'll want to find a collection agency that focuses on consumer debt collection. We provide Business to Business debt collection services to small and medium sized businesses across all industries including Construction, Wholesale Distribution, Technology and IT, Logistics, Manufacturing, Healthcare, Real Estate, and Professional Services.
How long does it normally take to collect?
Collections can take anywhere from one day to one month, depending on the specifics of each case. Typically though, we're able to collect in 1 - 2 weeks from the date you authorize us to begin debt collections for your business. You've waited long enough to be paid and our goal is to get your funds recovered and in your account as quickly as possible.
Can I add a late fee to my invoice?
If your original contract and/or invoice specifies a late fee policy, then you can apply a late fee as described in the agreed upon terms. However, if there is no late fee terminology in the original contract and/or invoice, it is unlikely that you will be able to apply or enforce any late fee retroactively. This is why we highly recommend that all of our clients include a late fee as part of their standard agreement and payment terms. For help developing effective payment terms that protect you from non-payment, Contact Us.
When is the right time to consider collections?
Outstanding receivables can take a toll on you and your organization, and costs often extend beyond the immediate loss of revenue. Pursuing these accounts costs time, money, and can be a source of stress for your team. The strain on cashflow can have deeper impacts, especially where the missing funds disrupt operations or limit opportunities for growth. While each situation is unique, the right time to consider collections is before these costs start to pile up. If your customer is making a valid effort to communicate and resolve the issue, try to give them time. But if they are no longer communicating, taking too long, or simply not making a real effort to pay, it’s time to bring in a third-party and make sure your customer is properly prioritizing your payment.
How much does it cost?
There are no upfront fees to hire PRP for your debt collection needs - we only get paid after successful collection. Our fees are based on the invoice amount, and age of debt. To see our rate for collecting your invoice, Click Here. Note: If you have multiple accounts, or accounts over $100,000, email info@paymentresolutionpartners.com for special review.