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 companies need help with Debt Management because their accounts receivable are not in order due to an inexperienced staff. There are global leaders who specialize in the fields of Debt Management and collections who can make your accounts receivable more manageable.
Businesses are realizing how much easier and more cost effective it is to outsource their receivables and debt management. By partnering with the right collection agency, you can be sure your delinquent accounts are collected in a tactful and legal way, resulting in better Debt Management of your cash flow. As you extend credit to some customers, you need to have experts that are trained in accounts receivable management, credit and collections, financial investigative services and litigation attorneys that can collect the debt.
NCO can provide our clients with solutions to eliminate non-core processes from your operation, such as managing your customers who are on consumer Debt Management plans. NCO deals directly with the Debt Management agencies, collecting payments from the agencies and/or from customers, updating clients daily, and monitoring the accounts, all according to each client’s specifications. Your company’s policies and procedures will guide us in the decision process with each account.
NCO has experience working with Debt Management agencies and currently has clients to which it provides Debt Management services. NCO’s consumer Debt Management team:
- Processes 105,000 proposals per year
- Processes 24,000 balance verifications per year
- Processes 6,000 drop notices per year
- Posts 1,764,000 payments per year
- Manages Debt Management inventories of 315,000 accounts
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