No, PCM Corp is strictly a business-to-business (B2B) commercial debt collection service, administering only B2B commercial bad debt collection accounts; however we will consider claims from credit-based lenders.
As a general rule, PCM accepts accounts against Canadian and U.S. debtors that are $1500.00 or more and accounts against debtors in other countries that are $10,000.00 or more.
PCM Corp is a national commercial collection agency and has the resources, expertise and local contacts to collect in all 13 Canadian provinces and territories and more than 200 countries worldwide. We also operate a satellite office in Ontario.
PCM’s standard fee policies are below. These policies are typical of most commercial debt collection agencies.
Unclaimed Property: In the unusual event that PCM is unable to locate a client for the purpose of remitting funds collected on a claim, a custodial fee will be deducted from the collected funds while PCM attempts to locate the rightful party to whom the proceeds are due.
Merchandise Recovery: When merchandise is recovered in lieu of cash payment, PCM’s commercial debt collection fees are charged based on one-half of the value of the recovered merchandise.
Previously Paid Accounts: Should PCM discover that an account was paid by the debtor prior to PCM receiving the claim, one-half of the normal fee will be charged on the amount paid.
Withdrawn Accounts: Any amounts collected on accounts that are withdrawn after placement with PCM will be subject to our regular commercial debt collection fees.
Client Internet Access and Performance Reporting
Through a 256-bit encrypted web site, PCM clients can view your accounts; everything from first contact with your debtor to current status.
No, just a version 5.0 or higher of Internet Explorer, Google Chrome, Firefox, or Safari browsers.
PCM’s online collection reporting system provides all the flexibility most clients require; however we have staff whose sole responsibility is creating special ad-hoc reports for in-house and client use.
Network of Commercial Debt Collection Law Firms
PCM Corp has developed a worldwide network of affiliate lawyers and advocates specializing in commercial law and collection-related services.
All of PCM’s lawyers are members of their respective provincial bar associations and maintain full clients trust bonding for your protection.
We work under the guidance of Amicable Fees. In all Canadian jurisdictions and the vast majority of international locations, -amicable fees are fully or partially contingent upon collection. In some countries, however, attorneys, by law, cannot accept contingent fees (examples include France, Norway, South Korea, and South Africa). In these cases, we will inform you the costs of assigning your claim to a lawyer in the debtor’s area and obtain your prior approval before doing so.
PCM charges a suit fee over and above our regular fees for filing legal action. This fee covers the work of the lawyer in preparing and making appearances in court. In the U.S., the suit fee is usually contingent upon collection and is a percentage of the amount collected. Our lawyers outside North America may sometimes require a non-contingent retainer and/or an increased contingent fee. PCM always obtains your approval before filing legal action on your behalf.
Court costs, which cover filing fees, service of process, etc., are also required to institute an action. These costs vary based on court, province /state, and country to country. When recommending legal action, our affiliate lawyer will provide an estimate of the court costs required.
FAQ On LIENS
Typical liens can be filed the same day, allowing you to negotiate with your customers to the 11th hour. Your lien will be filed correctly and on time, or its free. That’s our guarantee.
PCM Corp has years of experience executing liens and we access to a wide range of sources
If you have more questions like the ones above…click here to access a complete pdf of all that you want to know about the servicing of liens from PCM
B2B FAQ – Collection Account Handling
PCM’s collection strategy is based on three systems: (1) In-house collections; (2) Law Firm-amicable collections, and (3) Law firm litigation collections. If legal action is warranted, you will be advised of the costs required to file a suit. No suit will be filed without your express prior approval.
Accounts can be placed for collection in several ways: by mail, fax, secure Uploader, or e-mail. Contact Us before placing your first claim to review our services and rates. Once you’ve become a PCM Corp client, you’ll be able to place your claims through a secure, password protected web site portal.
PCM’s membership in the International Association of Commercial Collections (IACC), annual arms-length audit, and government bonding requirements guarantees that we meet a strict code of ethics and comply with a rigid set of standards.
Additionally, all PCM collectors are certified to the IACC Certified Commercial Collector standard. Along with collection services in Canada, PCM Corp also offers services for collecting Canadian debt in the USA as well as international debt collection.
Yes, PCM is licensed and bonded to collect commercial bad debt in all Canadian provinces, except Quebec where we maintain a strategic alliance with a French commercial collection agency.
No reputable national or international bad debt collection agency can guarantee they will be able to collect on a delinquent account.
PCM Pro Subscription Plans
In selecting the plan, we will also be scheduling evaluation meetings every quarter to review your account and see if any changes need to be made. In most every case, our clients are adding or going to the next level of the program for additional services. We work with you to make certain you have the right plan.
No. However, we have affiliate agencies and law firms in practically every major metropolitan area in more than 200 countries; however our international collection experts are able to collect in many countries from our Edmonton, Canada headquarters.
Didn’t Find the Answer?
If you didn’t find the answer you need in our PCM Corp FAQs, we are always here to provide you with the support and tools you need to succeed. Contact us below and one of us will be in touch with you right away or call us toll-free at 1-866-334-2597 (Canada or USA).