We’ve noticed that third-party collection services are a significant part of what we do for our clients. A lot of that success stems from a simple approach: we genuinely work with consumers to identify the best solutions for themselves and the businesses with which they’ve incurred debt.
This happens through a team effort as well. A responsive collections staff is paired up with integrated technology to lead to quick and compliant debt recovery for our clients.
We wanted to give you a better idea of how our third-party collections work and why each would be advantageous for your business depending on your current business strategy. No matter the technique used, it’s accomplished with an approach that blends empathy with results.
Dealing with growing volumes of receivables
If you have a pretty large scope of debt that needs to be collected, then an early out recovery program might be best for you. Through this type of program, we can collect pre-charge off accounts. This reduces churn and bad debt, both negatives regarding overall business success.
Efficient recovery of debt
Primary assigns are a great way to quickly strike uncollected debt from your books, especially if they are at a high volume already. Once accounts charge off, our team takes over to recover with excellent results as soon after the assignment as possible.
A variety of customer types — all with debt to clear
If you have already worked with the highest priority customers, you will still need to work on those who haven’t been served yet. We take the extra effort through secondary, tertiary and quad assigns to find consumers from your base seeking debt recovery plans. Negotiating plans via the best situation for all is also still a priority.
Leading the way in debt recovery
A big key to making this type of service work is for MJR to assess needs directly with our clients, learning what is most important to them. We can find those solutions by using innovative programs that we know inside and out.
We can analyze your KPIs to understand them better and put strategies that meet and exceed your business goals. We then reach those goals through targeted programs with clear measurements.
Go to our website to learn more about what we can provide businesses.
