Comparison Information



The following is some information about Seize Assets and its premier product Platinum Asset Discovery, as well as some comparisons to our Tier One and Tier Two data discovery programs.

Seize Assets has a tremendous amount of credibility within the collection industry among lawyers, collection agencies, debt buyers, creditors and vendors. Seize Assets is owned by Premier Asset Locators International, Inc. which has products and services that have been utilized throughout the collection industry with The Columbia Law List established in 1905 and is the leading collection attorney network. Our corporate website which has videos about some of our products and services as well as a complete list of companies is www.ColumbiaFinancial.us. Our website for The Columbia Law List is www.ColumbiaList.com.

About the Verified Bank Account, Investment Account Data Discovery Service

80% of all judgments are never satisfied. Creditors throughout the United States and the world file law suits in hopes of getting a judge to award them monetary rewards for which they are due. When a U.S. Judge proceeds to end a legal case one person wins and the other loses. The winner gets a document that describes that they are owed a specific amount of money called a judgment.

A judgment can only be satisfied if the judgment holder can find a bank account or investment account to present to the court for the judgment's satisfaction (other remedies would be to file liens on debtor's property).

There are very few creditors that have access to data research that will uncover bank accounts and investment accounts with balances and other details that help satisfy judgments. Some other companies that provide this service are unreliable and only have access to limited amount of financial data that is many times old and cannot tell if accounts have balances to satisfy the judgment. So when a creditor buys this type of research data and files for execution on the account, it is a risk that there they will find funds in the account. This is why 80% of all judgments are not satisfied.

Debtors often hide bank accounts in smaller banks and credit unions which are not easily located or debtors transfer monies into other people's names. As time goes on, most debtors forget about the judgments against them and they proceed to open accounts again.

Here is a sample data research that Platinum Asset Discovery provides a client:

John Doe
123-45-6789
100 Main St.
Chicago, IL 60647

Banks:

   
CHASE
6850 McCormick Blvd.
Lincolnwood , IL 60712
847-673-1927
Two checking accounts located.
#1 current balance = $59,800.00
Last deposit = $50,000.00 March 30th, 2012
#2 current balance = $530.00
Last deposit = $2,000.00 March 16th, 2012
BANK OF AMERICA
2000 Big Timber Road
Elgin IL 60123
847-717-3221
One individual checking account located.
Current balance = $52,300.00
Last deposit = $109,600.00 March 28th, 2012
Safety Deposit Box located in Account Holder's name

No other open or closed accounts located
All major online savings institutions are researched as part of every Statewide/Nationwide Bank Locate.

The success rate of our data is 100% of people and companies that have bank accounts. We locate an open account and report the current balance within 48 hours. All files submitted are checked to verify the debtor's social security number or company's FEIN matches the other information submitted for the search. This process eliminates 100% of error that occurs right from the beginning of the process. The following is a list of details about our Platinum bank account research.

Details for Bank Account Discovery:

  • We Verify Your Debtor's Name, Social Security Number or FEIN Prior to Search
  • Multiple Accounts Reported Regardless of Number of Institutions Returned
  • Current Balances Included (if not we do not consider it a Hit)
  • Last Known Debtor's Deposit
  • Branch Location Included Where Necessary
  • Turn Around Time Less Than 15 Days
  • Hit Rate Depends on Quality (up to 80%)
  • Safety Deposit Boxes Reported When Available
  • Account Balance Updates (Charge $50 - Turn Around 1 - 2 Days)
  • Exclusion of known Bank charge $35 each. A maximum of $105.00 (i.e. 3 separate institutions).
  • This fee is only assessed if returned as a NO HIT:
Price:
$159 - Statewide Search (No Hit Fee $10)
$310 - Nationwide Search (No Hit Fee $22)
Exclusive Platinum Guarantee
Platinum is so confident about the validity of its data if incorrect we return the data research fee plus execution fees associated with the bank as described on the website No other company has this guarantee

The following are all details associated with an Investment Account searches. Platinum searches the most companies in the data industry. Therefore providing a large return of data discovered on larger balance judgments. Debtors often hide or transfer bank accounts and do not think to hide investment accounts.
Brokerage/Mutual Funds Sample Data:

CHARLES SCHWAB
211 Main St.
San Francisco, CA 94105
415-636-7000
Two joint accounts located.
#1 current market value = $28,600.00
#2 current market value = $103,700.00
One rollover IRA located.
Current market value = $31,600.00
*One business account located "Passages Hospice LLC"
Current market value = $4,300.00

AMERICAN FUNDS
333 S. Hope St. 55th Floor
Los Angeles, CA 90071
213-486-9200
Two 529 accounts located.
#1 market value = $121,800.00
#2 market value = $101,800.00

No other open or closed accounts located

  • E-trade Securities
  • Charles Schwab
  • TD Ameritrade
  • Fidelity Funds
  • Fidelity 401k Services
  • Putnam Investments
  • Chase Investments
  • Wells Fargo Brokerage Services
  • T-Rowe Price Funds
  • Vanguard Funds
  • JP Morgan Funds
  • Morgan Keegan
  • First Clearing
  • John Hancock
  • Franklin/Templeton
  • Southwest Securities Pershing
  • MFS
  • Lincoln Financial
  • Merrill Lynch/B of A
  • National Financial
  • Morgan Stanley/Smith Barney
  • Morgan Stanley Funds
  • Lord Abbett Mutual Funds
  • Ameriprise Financial
  • AIG Annuities
  • AIG 401k Services
  • Van Kampen Mutual Funds
  • Linsco Private Ledger
  • The Fairholme Fund
  • Met-life Annuities
  • US Bank Investment Services
  • Mass Mutual Funds & Annuities
  • Mass Mutual 401k Services
  • Goldman Sachs Funds
  • US Allianz
  • ING Annuities
  • ING Retirement Plan Services
  • Oppenheimer Funds
  • Dreyfus Funds
  • Dodge & Cox
  • First Eagle Funds
  • American Funds
  • Janus Funds
  • USAA
  • Nationwide 401k Services
  • The Hartford 401k Services
  • New York Life
  • The Principal
  • Zions Direct
About Tier Two Services
Tier Two is another data discovery service available to Seize Assets clients. This service will search most big banks, small banks and credit unions and will provide balances when they are available. This service will take up to 25 days and is a No Find/No Fee service. For this more information on Tier Two click here.

The following is a comparison of Tier Two and Platinum:

What You Get With Seize Assets Platinum Bank Search Starting at $159.00 Platinum POE Search  $185 Platinum Brokerage Search $365 Tier Two Bank Search $89.00 Tier Two POE Search $69.00
NO FIND/NO FEE
n/a
n/a
n/a
Minimum File Size
1
1
1
1
500
Graduated Pricing
NO
NO
NO
NO
NO
Average Search Locate Percentage
80%
50%
50%
50%
20%
Result Data Turnaround Time
Less than 15 days
Less than 15 days
Less than 15 days
25 days
30days
Data Guarantee
Unlimited
Unlimited
Unlimited
120 days
120 days
Balance Information
n/a
n/a

When Available
n/a
Employer Business Name
n/a
n/a
n/a
Employer Address
n/a
n/a
n/a
Employer Telephone Number
n/a
n/a
n/a
Name of Financial Institution
n/a
n/a
Address of Financial Institution
n/a
n/a
n/a
Type of Account
n/a
n/a
Branch Location
n/a
n/a
n/a
n/a
Account Balances (48 hours)
n/a

When Available
n/a
Multiple Accounts**
n/a
n/a
Debtors Last Deposit When Available
n/a
n/a
n/a
n/a
Safety Box Confirmed When Available
n/a
n/a
n/a
n/a
Statewide Searches
n/a
n/a
n/a
Nationwide Searches
n/a
n/a
n/a
n/a
Multiple Hits Per Record**
n/a
n/a

In summary most of the companies that compete with Seize Assets only have the Tier One type data available. They sometimes return open accounts with negative balances or inactive accounts or outdated account information. There are some companies that we have reviewed that claim to report that same data as Tier Two. There are no other companies with the credibility and the data discovery provided by Platinum Asset Discovery.

DISCLAIMERS & DISCLOSURES

Our guarantee is against errors in the information returned - guarantee period is unlimited. If we return a HIT and client attempts to levy but no open accounts are returned our first step would be to reprocess and see if an error was made on our side. If we can determine that the account has subsequently been closed after our results were returned we will do what we can to provide a closure date. Assuming no error was made in terms of our research (all returned accounts were open at the time of our report) no guarantee is provided from Seize Assets. If it is our error we will provide a 100% refund of fee paid to Seize Assets. In addition, Seize Assets will refund up to $75.00 of execution costs

We do not provide any sort of guarantee against the fluidity of cash (for example: if client goes to levy on an account that had $3,000.00 when we returned the results but only has $150.00 in it currently).

With respect to each debtor file, we shall perform the services necessary to obtain current asset data regarding the obligor in complete compliance with all applicable laws in performing the search, including, without limitation, the Gramm-Leach-Bliley Act ("GLBA") Federal Banking Commission or State or Federal Laws ("FBC"), and the Fair Credit Reporting Act ("FCRA").

DISCLAIMERS & DISCLOSURES: 

With respect to each debtor file, we shall perform the services necessary to obtain current bank account data regarding the obligor in complete compliance with all applicable laws in performing the search, including, without limitation, the Gramm-Leach-Bliley Act (“GLBA”) Federal Banking Commission or State or Federal Laws (“FBC”), and the Fair Credit Reporting Act (“FCRA”).

It is agreed and understood that the definition of a “FIND” or completed results to be invoiced shall be defined as any open and valid bank or brokerage account regardless of account balance located by PROVIDER that is owned by the debtor.

Our guarantee is against errors in the information returned. If we return a FIND and client attempts to levy but no open bank or brokerage accounts are returned our first step would be to reprocess and see if an error was made on our side. If we can determine that the account has subsequently been closed after our results were returned we will do what we can to provide a closure date. On Premier Bank Account, and Brokerage Accounts data guarantee period is unlimited. Assuming no error was made in terms of our research (all returned accounts were open at the time of our report or debtor was employed at the time of our report) no guarantee is provided from Premier Asset Locators. If it is our error we will provide a 100% refund of fee paid to Premier Asset Locators. Additional guarantee for Premier data results only that have been deemed erroneous as previously described, Premier Asset Locators will refund up to $75.00 of execution costs. Each type of service described maintains its own exclusive independent guarantee and cannot be combined from one type of service to another.

All requests for credits for any Premier Bank Account data that is determined to not be valid at the time of delivery will be re-verified and credit will be issued if accounts are deemed to be closed prior to or on the date of delivery or there was no account. We do not provide any sort of guarantee against the fluidity of cash (for example: if client goes to levy on an account that had $3,000.00 when we returned the results but only has $150.00 in it currently).

To initiate the re-verification process for Premier Bank Account result data or Premier Brokerage Account result data the CLIENT must furnish the PROVIDER with a reply from the financial institution’s legal department dated within the allowable time frame of PROVIDER’s guarantee indicating the account was closed prior to or on the date of delivery” or there was no account. Re-verification by PROVIDER of the data based on the information given by the CLIENT must corroborate the financial institution’s response.

Credit may be taken either as a new and valid debtor garnishment find or reimbursement to the CLIENT in the method it was paid to the PROVIDER. Credit or reimbursement is defined as Search Fees only as indicated on this Agreement. No other CLIENT fees related to GARNISHMENT DATA are reimbursable by PROVIDER including but not limited to filing, legal or execution of Garnishment. Reimbursement is only for Search Fees as indicated on this Agreement of Garnishment Data supplied by PROVIDER. Garnishment reports or financial institution’s responses must be dated within the allowable time frame of Provider’s guarantee.

Due to the nature of this service, searching for asset locations and obtaining funds from them is a risk.

The data we deliver to our clients is as accurate as we can be; however, we have no control over the ever changing nature of an asset. We also have no control over the response to the execution. We have determined that many times the bank is wrong with their response or returns misinformation in order to protect their accounts. Because we do an extensive search, we have very few bad results, but they do occur. It is imperative when you receive a bad hit we are notified so we can re-verify as soon as possible. Many times pressuring the bank after re-verification confirms our original finding will result in a collected debt.

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