Placement Form
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All of our fees are strictly contingent upon collection. Only fields with a * must be completed.
Immediate Collection Description
AFM’s Attorney Intervention Collection Program (aka: Immediate Collection) provides a stronger collection and adds enormous value to your collection efforts. From the very first day that we receive a new account for collection, an in-house AFM Attorney will directly work your file and contact the debtor to obtain immediate, voluntary payment on a contingency fee basis. If we do not collect the monies owed to you, then we do not earn a fee. Our lawyers do not litigate. Rather, they solely focus on collection and account resolution by phone, email, facsimile and postal mail. AFM handles each assigned claim with professionalism, the utmost care and decisive action. We attempt to work each new file every single day for three straight days after we receive a new assignment to immediately, directly communicate with the debtor, incite urgency and collect the monies due as quick as possible. The immediate attorney involvement alone subconsciously creates a sense of urgency, so our immediate, persistent and respectful collection pursuits elicit a quicker response and payment. Further, the immediate attorney involvement provides a stronger likelihood to increase the quality of your claim (e.g. obtain a personal guaranty, promissory note, confession of judgment), while we collect the monies owed on your behalf. Also, if necessary, it sets the foundation for a comprehensive investigation to locate the obligor and learn the obligor’s payment capabilities. This will help you make an informed decision when responding to a settlement offer or when deciding whether to forward a claim to local counsel for possible legal action.
Free Demand Letter Series Description
AFM offers a Free Demand Letter Series Program on commercial accounts that exceed $300.00. Specifically, AFM can send your delinquent customers final demand letters, covering a period of 10, 20, or 30-days, at absolutely no charge to you. AFM’s Free Demand program allows you to separate your customers that are truly customers from your past customers that are debtors and belong in collections. If you already know a past customer is a debtor, then AFM’s Attorney Intervention Collection Program (aka: Immediate Collection) will provide you with the most leverage and highest collection probability. From our experience, files involving a customer dispute, severe financial distress, or an opposing attorney are best served by immediate placement into AFM’s Immediate Collection program. After you choose a time frame, every 10 days, on AFM Letterhead, AFM will send a demand letter to your customer that directs all communications and payments to your office. The language within each demand letter becomes more stringent as the free demand period progresses. If payment is made to you during the free demand period and you notify us in writing of the payment received, then there is no charge whatsoever for the monies collected. It is absolutely free. However, if you do not receive payment in full during the Free Demand period, the account’s remaining balance automatically transfers into Immediate Collection.
Submitting Backup Documentation
If backup documentation is not readily accessible, you reached the maximum number of documents our website allows to upload, or you prefer to submit backup documentation in a different manner, here are the various methods, and instructions, to submit the backup documentation to our office:
Email: Please email the documentation to placement@afm-usa.com and please reference the debtor name within the subject line of the email.
Fax: Please fax the documentation to 847-259-7014 and please describe the debtor name on the cover page of the fax.
Postal Mail: Please mail the documentation to American Financial Management, Inc., 5500 Pearl St, Suite 250, Rosemont, IL 60018.
American Financial Management, Inc. (“AFM”) Terms & Conditions
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