debt management & recovery systems

DEBT MANAGEMENT & RECOVERY SYSTEMS

MUKTADIR RAHMANID#16211029

HOW I CHOSE THE BEST DEBT MANAGEMENT COMPANIES

• Nonprofit

• Accreditation

• Longevity

• A clear, comprehensive, transparent website

• Low fees

• A variety of debts

• Extensive customer support

• Extensive educational offerings on personal finance

ALTERNATIVES

AVOIDING DEBT MANAGEMENT SCAMS

• You should be the one to initiate contact• Credit counseling should come first• Be wary of guarantees• Fees should be reasonable and clearly disclosed• Get everything in writing

FINANCE the process of making people or companies pay the money that they owe

to other people or companies

MAKE SURE THE DEBT IS VALID

ESTABLISH EFFICIENT SYSTEMS TO OPTIMIZE THE DEBT RECOVERY STRATEGIES

• Locate Debtors• Collection Prioritization and Strategy• Monitor Unpaid Debt• Collections Management Systems• Report Consumer Debt

COLLECTING YOUR MONEY

• Understand the dynamics.• Remind them about the debt.• Phone calls • Letters and email reminders • Use a collections agency to send letters• Offer a one-time deep discount• Learn from the pros.• Turn the account over to a collection agency

Commercial Debt Collection clients benefit from:o• Expert account handling by knowledgeable col• Consistent, lec• 24/7 access to account activity p• No collection/no cost ofessionals ction

clients benefit from

Dedicated Teams

Collection Strategy• In-House Collections• Attorney Amicable Efforts• Litigation Process