1.
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Account Placement -
Our accounts originate from your non-performing A/R.
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2.
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Account Entry -
We accept account placement via fax, internet, or mail. Placement forms are available in the client services area. |
3.
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Commencement of Collection Strategy -
Our services are tailored to your needs. |
4.
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Contact Debtor -
Collection action focuses on telephone contact with the debtor.
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5.
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Asset Verification -
Asset evaluation may be conducted to determine viability for litigation. Recommendations are made based on findings.
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6.
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Credit Reporting -
With your authorization debts are reported to the three major credit bureaus: Experian, TransUnion, and Equifax. |
7.
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Skip Tracing -
Staff is trained to use a variety of public and proprietary databases to locate missing debtors. |
8.
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Collect -
Debtors are presented with multiple opportunities and options to assist them in paying your bill. |
9.
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Legal Forwarding & Liaison Services -
Our legal department works closely with attorneys and will manage the litigation process on your behalf. |
10.
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Conclusion of Collection Strategy -
When tailor-made goals are satisfied, collection services end. |
| 11. |
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Reconciliation -
Statements summarizing all payment activity are generated monthly.
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| 12. |
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Termination -
Accounts not collected within the established collection strategy are returned to you as uncollectible.
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