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Friday, May 3, 2013

What is a pre-collection service?

It is an effective, inexpensive collection aid that stimulates debtor payments directly to the client at a nominal charge. This allows the client to process their accounts with all the impact of a third party. It should be implemented at the 90-120 days delinquency stage and notices are sent 14 days apart.
Any account that is not paid infull or has made arrangements with 28 days will be referred to the “Direct Collections” department at a contingent-upon-collection, depending on what the debt collection agency operators.
It is essentially designed to offer a more casual solution and prevent any other unpleasant business processes to pursue.


http://www.bubblews.com/news/462256-what-is-a-pre-collection-service

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