Frequently Asked Questions

How does the attorney obtain his fee for collections? 

The attorney is paid on a contingent basis and obtains his fee from future payments if any. If there are no payments there is NO FEE. 

Does PSNY monitor the accounts once they are assigned to an attorney? 

Yes, we are in constant communication with our attorneys for document signing, asset locating, and settlement negotiation. 

Can we repossess cars out of state? 

Yes, we have licensed and bonded agents in all states ready to retrieve your collateral.  Clients will be responsible for repossession fees. 

Will PSNY collect on out of state Accounts?  

Our office collects on accounts in the New York State and most other states. 

If a prospective client is interested in utilizing our services, what information is needed? 

Your office can mail, fax or email us the debtor’s demographics and a statement of account.  

Does your agency collect on accounts previously sent to another agency or law office?  

Yes, if accounts were from another agency or law firm, clients are responsible for closing the accounts and obtaining a letter from that office stating they no longer have a financial interest in the account. This assures our client will only have to pay a contingent fee to our agency.  

If the client obtained judgment will PSNY attempt to collect the account? 



We're a proud member of the ACA

Selecting a Professional Collection Service

Getting the most from your collection agency requires cooperation and communication.  The following are some key issues that can help determine the quality of an agency and increse your success in the future...

Market Knowledge
Make sure the agency has the skills and knowledge necessary to collect on your particular type of account

Another key step in selecting a reputable agency is checking the references and reliability of the agency with its other clients.

Professional Credentials
Determine if the agency holds membership in state or national trade associations such as the American Collectors Association


Professional Services of NY, Ltd.

2701 Middle Country Road * Suite 8
Lake Grove, New York 11755-2117

Phone: (631) 758-7988