Commercial Debt Collection in AB

In House Receivable Services, or IRS, provides personalized, cost effective,commercial collection services in BC and Alberta. IRS is a fully licensed, bonded and insured Alberta and BC collection agency. We offer reasonable contingency rates on our commercial collections. Our collection agency has been operating since 1997 and specializes in commercial, or business to business (B2B), debt collection.

Commercial Collection activities are highly regulated in Alberta. There are also legal pitfalls to avoid in Alberta when pursuing a commercial collection. For example: There is a two year Alberta Statue of Limitations on suing individuals and debtor companies. In Alberta, you cannot sue a consumer or commercial debt if the debt is over two years old from date of last payment, or acknowledgment of debt. Many commercial debtors will use stall tactics to take advantage of the two year statute to avoid collection.

There are also other legal considerations when conducting an Alberta commercial collection. In Alberta, a collector cannot exceed 3 calls to the debtor in any 7 day period. Collection agencies are not allowed to use wage assignments in Alberta. The list goes on, but like every province, there are pros and cons that have to be considered when working an Alberta commercial collection.

Commercial Collection Advantages with IRS

IRS covers a wide range of complimentary services in addition to commercial collections. In debt collection knowledge is negotiating power. When it comes to asset investigations our agency has some of the best skip tracers in Canada. At IRS, skip tracing is included with our commercial collection services.

On any commercial collection account listed with a balance over $1000 you will receive an update from the actual collector within 7 clear days.

We keep our clients informed. We also offer 24/7 online access to your files so you can track the progress of your accounts being collected in real time.

Most commercial debt can be collected without legal action. However, we do not simply make arrangements and then hope the debtor follows through. When the balance warrants we always try tosecuritize the payments. This can include taking equipment as collateral, which is released when the debtor fulfills their obligation. We always try to improve your position when pursuing an unsecured commercial collection.

In addition to the standard collection agency licensing and bonding, IRS carries liability insurance that covers up to two million per incident.

Large Balance Commercial Collection Services

IRS has a phenomenal reputation for its expertise in legal debt collections. This is why so many BC and Alberta Law Firms rely on us to collect their receivables and Judgments. Our commercial collectors have decades of commercial collection experience and know the intricacies of the BC and Alberta civil court systems.

Collecting large balance accounts is our specialty. The higher the balance to be collected, the higher the odds legal action will be required to extract payment. Also as a rule, the higher the balance, the more sophisticated the debtor is at avoiding collection.

Our legal department and lawyers can act on a moment’s notice. Sometimes, in legal debt collections you get one chance to extract payment. If we locate an immediate garnishee source in the morning, it can be garnisheed in the afternoon. Speed and timing are everything, especially with large balance commercial collections.

Commercial Collection Expertise

If you are looking to replace your existing agency, or looking for an agency for the first time, give us a call. One of our collection experts with decades of experience can answer any questions you may have and provide you with options and solutions. You can also schedule a free, no obligation consultation on a commercial collection.