Partial Collection
Posted in Uncategorized on 08/27/2007 05:13 pm by admin
Partial Collection
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Collecting Payments
Imagine accumulation 41% of past due and slow pay accounts, guaranteed for as petty as 5% of each striking account? If this was true, businesses and doctors would be able to collect a large amount of money that they were readiness to "write off." Whether a business has hundreds of accounts or only a few, our Profit Recovery helper will accelerate their cash flow and virtually Options(5)'>eliminate the need to turn accounts over to a traditional collection agency.
A fracture Way to Help Collect Past Due Accounts
Traditional collection agencies can be upsetting because they give the low to the debtor that they have been "turned in." Businesses and Doctors love our service because we offer them professional guaranteed results that do not upset their customers like other collection methods.
The Profit Recovery Service delivers life-sustaining capabilities:
A state-of-the-art mailing system for communicating with your debtors
Effective, the right way written collection letters sent on the business' or doctor's letterhead
The impact of nondefrayal leading to real consequences -citation Bureau insurance coverage or imaginable Attorney action- presented in a series of increasingly emphatic collection demands
An good interface for coordinating collection efforts with an Attorney
Compelling actions by the Attorney - a series of collection contacts and legal steps taken on your behalf
And finally, Payments are made directly to the business or doctor!
How it establish
At the crucial stop in time when a business has lost dialog with their debtors, commonly between 60 and 90 days, quick action with the Profit Recovery Service will produce maximum collection results:
Step 1: Setup
The debtor is added to the system with his/her account balance. At this point the automatic system begins a series of courteous, but very effective debtor collection demands using the company's own letterhead. These letters now have the added impact of an attorney, the credit bureau and the agency threat motivating more people to pay.
Step 2: Attorney Involvement (if necessary)
If the account is still unpaid 2 weeks after the fourth contact, the business has the option to transmit it to a retained attorney assigned to them. The attorney will in turn mail a series of stronger, increasingly demanding contacts on their attorney letterhead, plus make a series of courteous but effective, phone calls (on balances of $100 or more). If desired, the attorney will then proceed with litigation if workable.
Step 3a: Payment
The letters instruct the debtor to send payment directly to the business done?out the process allowing them to receive all monies paid without going through a third party.
-Or- 3b: Non-Payment
If the account remains unpaid, our system will transmit the debtor data to one or more of three National Credit Reporting Bureaus at the delicacy of the business.
Step 4: Account Resolution
Upon resolution of the account, our system will mail a "thank you" letter to the debtor at the discretion of the business.
Step 5: Client Reports
Each month the business will receive a detailed "Account inventorying Report" indicating all activity to date on all accounts submitted to the system. At any time, they will have access to our web site wherever they may amaze a detailed status report and squeeze of their accounts.
Benefits of the Profit Recovery Service
Because the collection demand is intensified and applied sooner, using more powerful tools than a traditional agency can deliver, we collect more than traditional methods for much less
Recovery is also increased because every possible legal alternative is communicated to the debtor while the account is still collectable.
Security of funds will be maintained, because the business receives all payments directly.
Collection cost will be little or nothing! The cost of the system is partially or completely offset by the savings in National disbursement.
Our unique Profit Recovery Service is work force free and provides proven results. Our clients have observed the following statistics:
Overall Recovery to Date: 41%
Cost for Recovery: as little as 5% - not counting internal savings
Do not settle for a traditional collection agency that recovers less and charges more to do it! Request more information and learn more about this exciting service.
About the Author
One Stop Billing Solution Inc.
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