Understanding the Collections Process
Things happen, and we understand that. When your business is having financial stress, and you're legitimately trying to work it out, we're here to work with you.
Communication is the key. Whether it's a phone call or email, let us know what's going on and we'll do what we can to help. It's important to keep in constant communication with PEAC Solutions in these instances so we can work together to help you get back on track. But ignoring our efforts to reach you could put your account in jeopardy.
Read on to understand the Collections process at PEAC Solutions, so you can be prepared if your business begins experiencing unexpected challenges.
PEAC Solutions’ online application is a simple application. You can apply in less than five minutes. For companies in business for fewer than five years: it is encouraged you provide the owner’s name and social security number for credit review.
Day 1: you accrue a late fee Days 5-7: you receive letter and email, and you may receive a fax reminder if we have a fax # on file for you Days 5-28: you may receive emails and phone calls regarding the amount due Day 31: Collections efforts escalate and you are now two months […]
If you find yourself in collections before you even get started with us, please contact us immediately and we’ll do all we can to resolve the issue. Most often, accounts go to collections before the first bill due to: An unpaid Advanced Rental. Insufficient funds: when we processed your initial payment it didn’t clear your […]See Full Answer