No upfront fees
- Businesses do not pay fees to use Retrievables.
- Attorneys charge a percentage of the money that is collected.
The company's mission is to help businesses recover money that is owed while securing new business for collections law firms.
Businesses collect money in multiple ways; through internal processes, collections agencies and collections law firms. When collecting debt internally or through a collection agency, businesses can use only phone, letters or electronic communications.
Collections attorneys concentrate their practices in debt collection. They have the capacity to collect by filing lawsuits and using the power of the courts to enforce payment of unpaid debt.
Typically, collections attorneys operate on a contingency fee basis and are paid a percentage of what is collected once a payment is made. Court filing costs may be incurred.
Retrievables matches businesses to collections attorneys to pursue their cases. Collections law firms select their cases based on the location of the debtor, the amount of debt owed, the client’s industry and the amount of documentation provided.
Retrievables provides companies with the opportunity to work with attorneys who are most likely to succeed in collecting past due debt.
Retrievables marketplace platform provides a quick and easy way to connect to collections attorneys.
Businesses utilize the platform to provide information on the debt they are attempting to collect. The information is shared with the Retrievables network of attorneys to review the cases in order to determine if it is a fit for their firm.
When an attorney accepts a case, Retrievables connects the company and the law firm on the platform and via email. Then they have the opportunity to discuss the case and may sign a retainer agreement and work together to resolve the debt.
Retrievables requests the information needed on each case. The more information and documentation there is on a case, the better chance that the attorney will achieve success in collecting the debt.
Retrievables collects the following information for each case: