Our executives understand the special needs of our clients and know how to turn dormant bad debt into immediate cash for your business. Our commitment to customer service means that we will handle each debtor's account with courtesy and respect to ensure your continued credibility and minimize customer complaints. And unlike other companies, we get to know our clients, understand your needs and take pride in helping you succeed.
Cash Flow
We purchase your bad debt portfolios and provide your company with the benefits of a fast return. As a Creditor, you can benefit greatly by selling Charged-off accounts, in turn acquiring immediate cash for reinvestment, strengthening balance sheets, and positively impacting stock values. Why wait months (or years) to collect bad debt?
Now you can consider all your bad debt accounts “PAID”. Instead of laboring year 'round to collect it all internally, or dealing with the additional expense (and slowness) of collection agencies, The Collection Firm will buy your bad debt today, and you'll get an immediate infusion of cash, instead of waiting months or years to be paid.
No Hassles
Accounts Become The Collection Firm's - so do the Hassles, Work, and Associated Costs!
Unlike a collection agency, we'll actually own your bad debt accounts. We'll handle all inquiries and complaints, so you're not bothered again. And even though we become the creditor, you'll know we're handling accounts responsibly, for minimizing complaints is our highest priority.
No Accounts are Returned
Chances are, you'll never hear from these accounts again, and we'll never return any either. That in it self will save time and resources, because your legal hassles are over, and you'll never have to deal with subsequent bankruptcies.
Purchase of Accounts
We purchase accounts of any age. Of course, the older the accounts the more diminished their value. However, if you have 'AGED' accounts lying dormant in house or with a collection agency, The Collection Firm will turn them into cash, immediately!
Have you considered?
By selling your bad debt portfolio(s), you will be reducing holdings and servicing costs as well as immunizing your reliance on collection department personnel, and you can eliminate the:
- Risk of continuing deterioration of credit quality
- Risk of bankruptcy
As well in some cases, selling bad debt also protects the creditor from arbitrary loan loss reserve requirement imposed by examiners or insurers.
Your Specific Benefits of Selling Bad Debt Receivables
For a lender, the numerous benefits of selling bad debt to The Collection Firm include:
- Immediate cash for prior written off and deemed uncollectible accounts.
- Generate income immediately on accounts for which recovery efforts have otherwise ceased.
- Immediate cash flow at levels equal to or higher than the net proceeds of a traditional recovery operation be it in-house or agency.
- Supplement a traditional agency program by selling recalled accounts or even sell your accounts as soon as they become bad debts.
- Selling the bad debt is instrumental in making departmental as well as corporate goals and reducing write off forecasts.
- No administrative hassles - when accounts are sold, practically all matters are handled by The Collection Firm.
- Reduces customer contact time on re-applications where a prior charge off balance is present.
- Eliminate expenses where charge off bill is transferred to new account and special payment arrangements are established. No Re-aging double charge off - prior bad debt again written off if arrangements not kept.
- Time value of money - receive cash today for money, which MAY only be collected in the future.
- Assurance of dealing with a company well versed in the liquidation of bad debt.
- Dramatically reduced staff when compared to either an in-house or collection agency recovery strategy; the ability to effectively manage a temporary inventory build up in times of increasing delinquencies, without increasing staff.
Please contact one of our debt recovery professionals at:
(800)925-0747
