Differences You Can See

Costs:  The costs of collections are decreased because:

  • Comprehensive collection strategy is applied to the accounts initially, leading to earlier liquidations
  • Early collection strategy will diminish the amount of court cost expenditures leading to higher net back
  • Every effort is made to eliminate unqualified accounts from the suit process to avoid unnecessary court cost expenditures

Effectiveness: Unlike traditional network approaches, LegalStream seeks to maximize effectiveness throughout the pre-suit and post-judgment process:

  • Improved liquidation pre-suit
  • Better account scoring to determine suit worthy accounts
  • Better post-judgment collections, applying a comprehensive skip waterfall process, asset and employment triggers and an in-house back end strategy for dormant or uncollected judgments