Logo, BGL Credit, Collection Agency in Woodmere, NY (516) 295-5544
PO Box 228, Woodmere, NY 11598
We Take Pride in Who We Are

Frequently Asked Questions

1. How long has BGL Credit, Ltd. been in business?


BGL Credit, Ltd. has been in operation since March 1979.

2. What Is the cost of collection?


BGL Credit, Ltd. works on a contingency fee basis that is based on the percentage of monies collected. The percentage fluctuates based on the age and the type of claim. Our Fee Schedule is available upon request.

3. Where does BGL Credit, Ltd. operate?


BGL Credit, Ltd. represents clients and pursues claims nationally and internationally, anywhere in the free world.

4. Is BGL Credit, Ltd. a full service agency?


Yes, BGL Credit, Ltd. offers collections, skip-tracing, asset locating, financial investigations, and litigation. The prices/fees for litigation and enforcement of Judgments will be furnished upon request.

5. How and when are funds transmitted?


BGL Credit, Ltd. clears all payments through a non-interest bearing escrow account. Clients are paid upon the clearance of each check. We remit individually as each check clears the bank.

6. Are you required to sign any contract?


No contract is required. You must sign our Account Referral Form for each claim submitted to BGL Credit, Ltd. authorizing "BGL" to represent you for that one claim.

7. What is the cost if a claim is not recovered?


"If we don't collect, there is no fee." If a claim is not recoverable, BGL Credit, Ltd. will not be entitled to a fee However, the client will be responsible for any
out-of-pocket costs that are incurred.

8. How often are our clients updated?


BGL Credit, Ltd. reports via phone or email, all significant developments as they occur, to the client.

9. What is the United States Fair Debts Collection Act?


IC Law 95-109, Title VII, Sec. 809 (a-3), requires that the debtor be informed of certain rights. These include unless the debtor informs this office in writing of any dispute regarding the validity of a claim within thirty days of our initial communication, we may assume the claim to be valid and we will proceed against the debtor for and immediate collection. It further requires that the amount due and the name of the creditor MUST be included in our first notice. Then, within five days of the initial communication must provide a statement or rights similar to the ones given below. Otherwise, scheduled collection steps cannot continue.



Unless you notify this office in 30 days after receiving this notice that you dispute the validity of the debt or any portion thereof, this office will assume the debt is valid. If you notify this office in writing in 30 days from receiving this notice, this office will obtain verification of the debt or obtain a copy of the Judgment against you and mail you a copy of such Judgment or verification. If you request this office in writing within 30 days from receiving this notice, this office will provide you with the name and address of the original creditor, if different from the current creditor. Disputes must be in writing; however, if the debtor wishes to discuss payment arrangements or financial difficulties, he may phone or write us so we can work together toward an amicable disposition of the claim.

Published Fee Schedule will be available upon request.

List of References of Prominent Clients is furnished upon request.