We cannot estimate a specific timeframe for recovering heavy equipment rental payments or lease obligations until we review the case. Several factors are taken into account, such as how long the account has been outstanding and the complexity of the case. The debtor’s willingness to cooperate can significantly influence the timeline and potential resolution of the matter. Some accounts can be resolved in a few weeks, while others require several months of follow-up.

In most cases, a wide range of commercial debts can be recovered, including unpaid invoices, overdue lease payments, past-due accounts receivable, outstanding balances, and other commercial obligations. As an agency that provides commercial debt recovery services in the United States and globally, we strive to help our clients recover the funds they need.

The best way to reduce the risk of unpaid invoices is to have robust credit assessment processes in place. Once an agreement has been reached with a customer, we recommend having a well-documented contract supported by appropriate legal guidance when necessary. There should also be clear payment policies and regular monitoring of accounts receivable.

We recommend that you have all documents proving that a commercial debt existed and was not paid in a timely and proper manner. Rental or lease agreements, outstanding invoices, work orders, signed agreements, customer information, and records of communication with the debtor may be useful. The more information available, the better.

No. At Alexander & Reed, we work with companies of all sizes and across various industries that need to collect outstanding accounts receivable, including equipment rental and leasing businesses. However, our team will be transparent and analyze each account on a case-by-case basis. We’ll consider all relevant factors, such as the amount owed, how long the account has been outstanding, the payment history, and the likelihood of recovery.

We operate on a contingency fee basis. This means there are no charges for our equipment rental debt recovery services until we are able to recover the funds on behalf of the client. Service fees may vary depending on factors such as the size of the account, the volume of assignments, the age of the debt, and the specific circumstances of each case. This structure allows many companies to begin the process without having to pay until they see concrete results.