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Collection & Credit Insights
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Claim
Amount
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Was
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Now
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Up
to $600
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$17
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$25
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$601
- $1750
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$32
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$45
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$1751
- $10,000
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$52
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$65
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$10,001
- $25,000
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$100
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$150
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In
addition, there is now a motion fee of $20 for all civil cases
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(The above cost chart is only filing fees. For a complete list of court
fees contact our office.)
To put this in perspective, last year Credit Bureau, Inc. recovered 31%
of its yearly total collections through litigation. So the cost to collect
has been significantly affected. Now the economic impact of all this information
needs to be neutralized with some positive news as well.
So, keep in mind our professional collection staff continues to scrutinize
every file in order to qualify your claim. We insist on verifying debtor
assets and employment to keep from throwing “good money after bad”.
In addition the court cost may be attached to the debtor's balance, so
if we successfully collect the balance, which is over half of the time,
your court fee is reimbursed in full.
Our attorneys are vital to the process as well, not just as the professionals
who understand the court system and how to execute your right of collection,
they also clearly understand your concerns in spending more money on costs.
The art of taking the appropriate action through court and keeping the
proper perspective on the debtor's balance owed is one our attorneys take
seriously and continually monitor for all of us.
Please note that when you receive our suit authorization request form,
you should sign it, attach the original justification of the debt, and
return them to us promptly. Remember that you may see increased court
costs billed back to you over the following months but know your chances
of seeing bad debt recovered have just doubled! Always return the authorization
form promptly, as the greatest challenge for all of us in the battle to
recover your debt is time. Don't give the debtor any more than they have
already taken.
Increased court costs? Yes, unfortunately. Is everyone on our team and
every associate in our attorney's office, working hard to recover your
debt? Most certainly! You can count on it!
Please feel free to contact me, our sales staff or office manager for
addition information.
Tom Oldani
Our Offices
Adrian Credit Bureau
(517) 265-8161
Ann Arbor Credit Bureau
(734) 665-6173
(800) 710-4821
PLEASE NOTE THAT OUR JACKSON OFFICE HAS BEEN MERGED TO OUR ANN ARBOR OFFICE.
Collection Skills Seminar
October 24, 2003
Detroit Dental Society
November 23, 2003
People don't care how much you know,
until they know how much you...
collect
The highest payment of the month was collected in our Adrian Office. Dawn Sanchez brought in $4400.01 payment for the local sheriffs department!!! Congratulations!!!
The best minute you spend is the one you invest in someone else.
The secret to financial success is to spend what you have left after
saving, instead of saving what you have left after spending.
(Anonymous)
Gain the skills you need - and want - to have. A half-day seminar full of important tips and techniques.
Friday, October 24, 8:30am - 12:30pm
Holiday Inn, 3600 Plymouth Rd., Ann Arbor
$75.00 per person
Call today (800-710-4821) for more information.
Quality collection personnel and volume of workload are conditions vital
to the success of our office. This past summer a significant impact was
made regarding our ability to handle the account volume while increasing
the efficiency of our collection staff. We integrated the GC MVP product
to our arsenal of tools in the debt recovery battle. The Guaranteed Contacts
Multi-Vendor Protocol system is a telephony switch that brings with it
digital, T-1, Primary Rate Interface, virtual attendants with ANI/DNIS
and unattended messaging features. In short...an awesome predictive
dialer!
Now the call system features are simply too many to note in this space,
however just a few of the highlights include inbound call attendance with
“screen pops” that instantly route your debtors inbound call
to the collector who is working your account while automatically stamping
the file with the caller's phone number. The system also includes unattended
messaging capabilities that allow us to contact consumers through dialing
campaigns leaving important call back numbers and messages. In addition,
updated digital circuitry provides instantaneous connection to the consumer's
phone number dialed and an extremely flexible volume of parameters to
utilize when generating pools of numbers to be dialed. For those of you
who like it short and simple, these and many more features combine, to
help us present your accounts to our collectors and do it quickly and
efficiently.
Predicative dialing technology and unattended messaging will never eliminate
the value in manually working a debtor's account however the intention
of this new dialer is to establish initial communication to qualify the
debtor and their ability to satisfy their debt. Indeed this telephony
switch is utilized to ensure continuous long-term follow up of your receivables.
If you haven't had an opportunity to experience a dialer environment in
action, give us a call. We invite you to come see it yourself and witness
the power of GC-MVP. Remember to “stay tuned” for future articles
regarding technological advancements, from all of us who look forward
to collecting your account receivables.
