OUR PROCESS & COST

Rockpile acquires the debt owing to your firm through an assignment. Our experience is that this provides several advantages to our clients. Most importantly, it insulates our clients from reputational concerns from being the “bad guy” as well as from prospective cross complaints during the collection litigation process. Our minimum debt obligation amount is $100,000 and we have no maximum. Portfolios with some smaller amounts are considered but generally we feel this minimum is necessary given the extensive expense we incur investigating your case prior to acceptance.

Rockpile’s upfront case analysis is a “NO OBLIGATION & NO EXPENSE” undertaking for our prospective clients. For accepted cases Rockpile covers all costs associated with the collection process which are always nonrecourse to your firm. Depending on the financial structure selected, all our direct out of pocket costs are netted against future recoveries. We do not, however, net out of the recoveries our legal expense which in most cases is significant.

Rockpile offers various financial structures depending on your firm’s needs, circumstances and the merits of your case. In most cases Rockpile provides either a lump sum payment option or a percentage of the net recoveries. In either case, our clients always have no obligation to cover any costs or fees regardless of the outcome of your case.