PeggiCraig514
Undesirable debt collections is the final stage of the revenue cycle method. These are your toughest accounts that have ignored all previous collection attempts. This is normally significantly less than 3 % of your total accounts receivable and are very good candidates for debt collection agency services. All accounts are scrubbed for correct information via national information bases identifying if your client is deceased, has filed bankruptcy, changed addresses, or telephone numbers. The data is further analyzed by means of specialized data analytics producing certain your accounts get the attention they deserve for the maximum return. At this stage the customer is broken down into four categories:
These that can spend These that cannot spend These that want to spend Those that refuse to spend
All debt collection efforts are in compliance with state (e.g. California, Nevada), and federal regulations. Specialized agency collection letters and prompt telephone calls successfully communicate the urgency of payment. Unpaid accounts are reported to all 3 key credit reporting firms.
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