Creditor Guide

Creditor Section


 

Creditor Navigation

Mortgage Guide Home Page
Partners
Tell A Friend about us
Creditor |
Creditor Child Support |
Debt Consolidation Lead Creditor |
Creditor Calls |
Creditor Harassment |
Sample Letter To Creditor |
Debt Consolidation Lead Creditor |
Synonyms Of Creditor |
Can A Creditor Obtain A Judgement Without Serving The Debtor |
Sample Letter To Creditor |
Stopping Creditor Calls |
Creditor Harassment Laws |
Letter To Creditor |
Property Division Divorce Creditor 3 Rights Liens |
Creditor Calls |

List of Creditor Articles

Creditor Best seller

Buy it Now!



Best Creditor Products



"Legit Online Jobs" - Click Here To Start Earning Today!


Ovation Credit Services
Check out Ovation Credit Services ... Fix your credit profile today! Ovation specializes in credit report repair. This is an awesome program. They get fantastic results and you'll be amazed at the low monthly fee. Highly recommended!


"How To Get A Mortgage"
Terrific resource on obtaining a mortgage, even if you've been foreclosed or filed bankruptcy. On sale now for only $10.00!


Click Here!


Loan Officer 101 Loan Officer Training. Learn How To Make $100,000 Per Year As A Loan Officer With This 18-lesson Training Program, Complete With 28 Marketing Ideas - Now Is The Time To Prepare For The Next Wave Of Lending!

Click Here!


Personal Loans & Visa Approved At Abacus
Offering Personal Loans, Credit Cards For The Credit Impaired.


Click Here!


Mortgage Secrets For Investors
Mortgage Secrets For Real Estate Investors E-book. Stop Getting Bullied By The Banks And Start Closing Your Investor Loans!

Click Here!


Bad Credit Personal Loans Regardless Of Bad Credit - Up To $25,000
Click Here!



Sitemap



Social bookmarking
You like it? Share it!
socialize it

Newsletter

Subscribe to our newsletter AND receive our exclusive Special Report on Creditor
Email:
First Name:



Main Creditor sponsors


 



Newest Best Sellers


 

Welcome to Creditor Guide

 

Creditor Article

Thumbnail example. For a permanent link to this article, or to bookmark it for further reading, click here.

Creditor Recovery Corporation

from: Mortgage & Debt Facts




The newly developed creditor recovery corporation is an extremely massive system that has been recently developing in our country. It provides creditor companies with a solution to the constant and increasing problem of non-payment, slow payments, or totally delinquent accounts--while they are still collectable. A system management business that operates as "client service bureau," the creditor recovery corporation business is used with a combination of services that are combined with the most advanced forms of technically developed electronic data interchange to get the job done.

One such example of a creditor recovery corporation, MaxCollect, offers creditor companies with debt problems a unique solution that is considered to be highly effective in collecting all areas of debts. Another creditor recovery corporation company, MAXIMUS, is a company specializing in government and industry solutions that has recently contracted with the government student loans department for financial recoveries.

But regardless of the name of the large corporation, the creditor recovery corporation is a big business currently being used to seek out non-paying consumers who cannot pay their bills for one reason or another. They work for the smaller businesses, larger organizations, and the old-fashioned "ma and pa corner business" at a negotiable fee of $10 to $25 dollars per consumer—all in the name of a very valuable commodity, "Increased Cash Flow!"

The traditional credit agencies which have attempted to assist the many creditors, but have not been able to achieve a high success. It has been decided by both businesses and the creditor recovery corporation, that credit agencies produce poor results and charge too much of it. The new systems fill a time frame between the billing dates of 60 days, and the 180 days when a credit agency is approaches, increasing the cash flow. It has been found that the older the bill is, the less likely it will be paid.

The process of the creditor recovery corporation business is quick and proactive:
• Initial mailing of a bill, statement or invoice
• Sending a letter from the internal collection division
• Collection phone calls are made
• Third party is contacted, such as an attorney or collection agency
• Credit bureau report
• Litigation with less than 1% of all external collections collected upon

The creditor recovery corporation uses the last five components of the collection process, which involves the above 2 through 6 steps. With the new recovery corporation using their automated and systematic internal system, the debts are collected faster, expenses are cut, and there are more satisfied customers. And meanwhile, the collection agencies are being eliminated and more money is being put into the system.



Creditor Specific links

Creditor News