Where monies have been collected on behalf of clients, and those monies have been sent to us rather than to the client, Collect Worldwide LLC sends out remit checks to Clients every Friday. The remit checks are sent to the clients in an amount equal to the monies received, minus any Fee earned by the law firm on the account or on other collections accounts that have remained unpaid for 30 days or more by the Client, the first Friday following ten business days after payment from the debtor is received.
This allows for the check to clear and for internal accounting procedures- and is among the FASTEST remit and turnaround windows in the industry.