| Commercial
Debt Recovery
RCI responds to a client's claim immediately and within twenty-four
hours:
• Each account is setup in our automated system and sent
to the collection floor within one hour (small batch), to
a maximum of twenty-four hours (very large batch)
• An acknowledgement is sent to the client and an initial
demand letter sent to the debtor
• RCI conducts an asset search and credit review on all guarantors.
If account is corporate debt and there is no personal guarantee,
state corporate charter information is immediately pursued
• A skilled collection professional takes over and makes contact
with the debtor, asking for payment in full
RCI’s internal guidelines require contact on each account
on the first day. RCI works all files in a “TIER” system.
Tier 1 works the account and if no commitment to pay is made
or kept, it is forwarded to a Tier 2 collector. The Tier 2
collectors work the file for resolution in a manner that is
professional, persuasive, and principled. Our Tier 3 collectors
work all accounts that are set up on a monthly payment plan
and also aid in skip tracing.
|
|