Consider early-out programs to help curb consumers’ debt

A first party program can be one way to quickly recover debt from a consumer. This program requires you to quickly get in contact with the consumer and work with them to determine the reason for arrears, and find options to pay, usually within the first 30 days of delinquency or assignment. By approaching certain consumers this way, payment can be received faster and delinquent debt doesn’t drag on. Consumers benefit because the debt has not gotten too big, credit privileges are maintained, and credit scores are not impacted too much. Our agents educate the consumer on the importance of keeping accounts current and maintaining on-time paying habits. In doing so, consumers can build their credit over time.