Litigation After 180 Days
Every account that is referred to Coast Professional, Inc. (including judgment accounts) will go through a collection process, using proven Coast Professional, Inc. collection techniques. Every attempt will be made to resolve the account with a reasonable repayment schedule. If a borrower is not on a repayment schedule 180 days after the referral, Coast Professional, Inc. will begin to process the defaulted account through its litigation processes.
This process should take no longer than 60 additional days since the majority of asset gathering has already taken place in the collection process. Coast Professional, Inc. uses a numerical point system on litigation accounts to help determine their collection ability after judgment. Using this criterion, we gather detailed information about the borrower that has led to the decision to file suit. Every account is weighted prior to requesting suit approval from the client. Once accounts have been through all the steps of location, collection, and litigation which result in judgment, they will be forwarded to Coast Professional, Inc.ís Judgment Enforcement Section.
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