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New Way of Collecting Outstanding Debts
Fed up with the typical collection process of turning over a client’s name and bad debt to an agency and hoping to receive 40% of what is collected? We have found a new service that allows you to collect money in a shorter period of time and keep most of your profits in your pocket. All you need is a computer and access to the Internet.
After connecting to the GVMA website you will be taken to a special user area to manage your own collection process. You begin by deciding on the message you want to send to your customer by choosing from a template of letters. Options include “soft” or “hard” collection letters, bad check letters, and credit bureau reporting. The debtor is instructed to remit all payments directly back to you – you keep 100% of your collected funds – no paying high percentages to outside agencies.
If you receive no response in a 30 day period, you can choose to have the system automatically report the debt directly to all three major credit bureaus. The debt stays on the credit bureaus for seven years. The debtor cannot refinance their home, buy a car, or take any kind of a bank loan, without paying off (in full) any outstanding collections. In the past, your only other recourse to successfully place the debt onto a credit report would be to hire an attorney, file a lawsuit, and have the debt recorded as a matter of public record.
The cost to send one letter and report the debt to all three major credit bureaus is only $8.96! This low price point also allows you the opportunity to recover smaller sums of money that you would normally write off. Most collection agencies require a minimum dollar placement of $250.00 per account. There is no minimum dollar amount required with this product. This means accounts of any balance can be submitted for collection, each for the same low flat fee, and you will be able to keep 100% of your collected money.
For example, if you submit a $100.00 account through this flat fee system, your cost is $8.96. If the account is collected, you net $91.04 instead of $0.00 since traditional collection agencies will not accept a debt with a balance this low. That’s $91.04 that would have previously been “written off”! How many $100.00 accounts have you written off? Imagine the impact! If you submit a $500.00 account, the fee is still only $8.96. You collect $491.04 vs. the $300 you would get from a traditional collection agency.
In addition to giving you some real teeth in collecting your money, you now have the ability to monitor the progress of your accounts from start to finish, and have full control over your own collection process.
For more information click here. You may also call the GVMA office at 678-309-9800.
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