What is a professional debt collection agency?
A third-party debt collection agency is a company that is assigned to collect on past due accounts (termed receivables) by any individual or business entity that extends credit directly or provides any type of goods and/or services on credit. Examples include banks, physicians and healthcare facilities, credit card companies, utility companies, car dealers, gyms and lawn care companies.
Why are accounts referred to a third-party collection agency?
The majority of accounts referred to collection agencies are done so because they continue to go unpaid for more than a month despite various attempts by the creditor to get paid. The collection industry employs methods and techniques that are more effective at collecting on delinquent accounts, including skip tracing technology, proprietary computer software, targeted letters and contact as well as credit bureau reporting and litigation when necessary.
What services do typical collection agencies perform?
At the outset, a professional collection agency can skip trace debtors to obtain critical information, including current addresses, current phone numbers and current employment. The collection agency then usually mails the debtor a notice that advises him or her of the debt and their right to dispute its validity or to request verification thereof. Professional collection agencies will respond appropriately to any such disputes or requests pursuant to the FDCPA guidelines. From this point forward, various contact is made with the debtor in an effort to secure payment without the need for further adverse action, including credit reporting and legal action.
Is there a standard type of debtor?
Absolutely not. Debt does not discriminate and, unfortunately, people from all different backgrounds may face financial hardship and find themselves in debt at one point or another in their lives. Whether the result of poor choices or uncontrollable circumstances, problems with debt are not unique to any one type of individual or business.
How does CRM differ from other collection agencies and law firms?
In a nutshell – respectful implementation of proven debt mediation techniques. What that essentially means is that while we have all of the various collection agency tools available to us, we choose to take a more respectful, pragmatic and mediation-driven approach to settling overdue accounts. Our ultimate goal goes far beyond the bottom line. While we, of course, want to get you your money, we also want you to be able to retain your customer relationships where possible. To do this, we have adopted a debt mediation approach with managers trained to handle the psychology component of the debt industry while working out common-sense payment plans and stipulations with “accepted” terms of settlement. By outsourcing your debt collection to CRM, you can feel confident and comfortable knowing that you and your organization are being represented by a professional, reputable and highly ethical company.
CRM – Not Your Typical Collection Agency!
New York debt collection agency. Long Island debt collection agency. Nassau county debt collection agency. Suffolk county debt collection agency. Queens county debt collection agency. New York city debt collection agency. NYC debt collection agency. Manhattan debt collection agency. Brooklyn debt collection. surprise bill law, independent dispute resolution entities, idre, city of new york debt collecton. westchester debt collection. new york debt recovery. ny debt recovery. long island debt recovery. nassau county debt recovery.