lcmc

Legal Credit Management Corp – LCMC

Southern Ontario 6981 Millcreek Drive, Suite 33, Mississauga, Ontario                                   Northern Ontario 895 Tungsten Street, Suite 1,  Thunder Bay, Ontario
Toll Free: 1-888-225-3200, Fax: 905-567-6202 , email: info@lcmc.ca

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When it comes to hiring a collection agency, are you employing the fastest, most effective means to collecting your money?

Our Collection Program:

  • Once the account is assigned to Legal Credit Management Corp. (LCMC), the account is then reviewed for completeness to determine if additional information is necessary. When the account review phase is completed, it is then assigned a collector, it is at this point that we enter any client special handling instructions so they flash on the assigned collectors’ screen. In this process the first demand letter is issued immediately of assigning the account to LCMC. The assigned collector will follow-up with telephone negotiations and if necessary a 2nd demand letter is issued and mailed with telephone calls follow-up, emails and text messages.

Other Services offered by LCMC:

  • Pre-Paid Collection Letters: We have experienced that sending a firm collection letter from a collection agency is often enough to get your money collected. For only $12.50 per account we will send two collection letters for each account on our letterhead asking the debtor to pay you directly. This process will definitely reduce your outside collection cost as you only have to pay the cost for the Pre-Paid Collection letters; even if the money is collected our commission fees do not apply. These letters are highly recommend to be utilized for accounts which are between 30 days and 6 month past due. (Call our office to sign up for the Pre-Paid Letters)
  • Reporting delinquent accounts to the credit bureau: We will report all accounts listed with our office for collections to the credit bureau FREE of charge.
  • Litigation: LCMC offers end-to-end litigation including issuing claim, court enforcement of judgments for matters within the small claims court jurisdiction. Legal action shall not be instituted against the debtor without prior written approval and authorization from our client.

LCMC handles:

  • Invoices which are 30 days and up to 2 years overdue.
  • NSF Cheques.
  • Court Judgments.
  • Default on contractual agreements.
  • Accounts which were previously listed with another collection agency.

Did you know?

  • – That there is NO CHARGE for our service if we can’t collect your money through our regular collection process.
  • – That you will have access to the status of your accounts and the ability to submit new accounts on-line.

 

Click here to Sign up

lcmc

Legal Credit Management Corp.

Southern Ontario 6981 Millcreek Drive, Suite 33, Mississauga, Ontario                                   Northern Ontario 895 Tungsten Street, Suite 1,  Thunder Bay, Ontario
Toll Free: 1-888-225-3200, Fax: 905-567-6202 , email: info@lcmc.ca

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COMMERCIAL RATES

(Business to Business)

Accounts greater than $1,000.00:

  • 25% for the first $4,000.00 collected & 10% thereafter.

30% for the following:

  • Accounts $1,000.00 and less.
  • Accounts previously listed with third party for collections.
  • Accounts with previous court proceedings.

 No Collection-No Fee

 No Upfront Fees

 No Retainer Fees

COMMERCIAL RATE TABLE

Amount to be collected

Total Collection Rate Total Paid To Agency Total Paid to You
$20,000 13.00% $2,600 $17,400
$15,000 14.00% $2,100 $12,900
$12,000 15.00% $1,800 $10,200
$10,000 16.00% $1,600 $8,400
$6,000 20.00% $1,200 $4,800
$5,500 20.90% $1,150 $4,350
$5,000 22.00% $1,100 $3,900
$4,500 23.33% $1,050 $3,450
$4,000 25.00% $1,000 $3,000
$3,500 25.00% $875 $2,625
$3,000 25.00% $750 $2,250
$2,500 25.00% $625 $1,875
$2,000 25.00% $500 $1,500

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RETAIL RATES

(Business to Consumer)

30% for the following:

  • Accounts greater than $200.00 and less than $1,001.00

25% for the following:

  • Accounts greater than $1,001.00

50% for the following:

  • Accounts $200.00 & less.
  • Accounts over 1 year overdue.
  • Accounts previously listed with third party for collections.
  • Accounts with previous court proceedings.

Click here to Sign up