credit card bad debt problem

How a credit card bad debt problem works. Following is a detailed report from inside one of the big collection agencies, showing how commissions are the basis for collection activities.

A counselor will work with you

The Cash Recovery System The superior solution to accounts receivable management The Cash Recovery System is a two-step accounts receivable management program that is effective and economical. In its first phase, YOU PAY NO COMMISSION and YOU KEEP 100% of the money recovered. If necessary, the second phase provides intensive collection services for accounts that don't respond to phase one. Use this program to: Maintain control of your accounts receivable. Recover your past due accounts, consumer or commercial. Reduce your administrative costs. Increase your cash flow. Deal with problem accounts ethically and diplomatically. Encourage debtors to make regular payments. Keep the lines of communication open between you and your debtor. List persistent debtors with all three national credit reporting bureaus.

The Cash Recovery System begins with a series of five collection letters, including a letter from an attorney, in which the debtors pay you directly and you pay no commission on the money you receive. Unpaid claims are immediately listed with Experian, Transunion, and Equifax credit reporting bureaus. Debts that remain outstanding may be transferred, with your approval, to more intensive collections where trained telephone collectors contact your debtors.

With the Cash Recovery System:

You get professional collection services for less than $20 per account. Debts collected through the intensive collection process are subject to a competitively priced commission. You can submit debts of any size. You keep paperwork to a minimum by submitting debts via the INTERNET, NCS's easy-to-use claim forms, or by using your own computer printouts, tapes, disks or copies of ledger cards. At no charge, you can receive up-to-date information about your collection accounts by calling our toll-free number. You can use optional services: Experian, Transunion and Equifax Credit Reports to help you make better informed, credit-granting decisions. SKIP TRACE Debtor Locator Service. Litigation to bring debtor accounts to final resolution.

This is how a big credit card bad debt problem works. Do you want to avoid these hassles? Call NOW!

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