Although we specialize in a variety of debt collection services, one area in which we particularly thrive relates to third-party collection services. We are skilled at working with consumers to identify the best solutions for both themselves and the businesses with which they’ve incurred debt.
If there are a set of keys to success in third-party collections, it is through a mix of integrated technology and a responsive collections staff. It’s only through the combined efforts of both that quick and compliant debt recovery can truly take place.
Here’s a look at the different programs that we use to make third-party collections so successful. You may need a different program depending on what is going on, but the goal is the same: to quickly recover any outstanding accounts, in a way that is professional and aligns with your values.
Early Out Recovery Programs
This is an ideal way to deal with growing volumes of receivables. Through this type of program, we can collect pre-charge off accounts. This reduces churn and bad debt, both negatives when it comes to overall business success.
Primary Assigns
If what you are seeking is to quickly recover the largest volumes of overdue accounts, this is a great program to accomplish that goal. Once accounts charge off, our team takes over to recover with excellent results as soon after assignment as possible.
Secondary, Tertiary and Quad Assigns
The main list of consumers has been taken care of – but that is likely not the end of the story. We can have our team take the extra effort to find consumers from your inventory that also may need debt recovery to take place. All of this is still using proven methods and the latest technology to ensure a great outcome for everyone involved.
The right solutions for debt collection
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. By using innovative programs that we know inside and out, we can find those solutions together.
We can analyze your own KPIs to better understand them and put strategies for collection in place that meet and exceed your business goals. We then work together to reach those goals through targeted programs with clear measurements. To find out more about what we can provide businesses, go to our website.
