NFS
Check Recovery System
Slow-paying
customers are always frustrating. They errode
your profitability and negatively affect your
company’s cash flow. Worst among these
are NSF checks. Simply put, NSF checks are the
most dangerous form of debt there is. By studying
bankruptcy cases we have learned that NSF checks
are the most common precursory warning sign
that businesses give prior to failure!
Additionally,
in most jurisdictions, writing a hot check for
goods or services is a crime punishable by law!
Of course, this does not mean that every company
that bounces a check is going out of business.
I realize that sometimes mistakes happen and
that any one of us could potentially make such
a mistake under the right circumstances. However,
is that what we’re really talking about
in this case? Certainly by now you’ve
made your customer aware of their returned check
and given them an opportunity to make it good.
Their failure to do should prove to you that
immediate and aggressive action is now required.
Whereas most agencies treat NSF checks no differently
than regular collection accounts, we’ve
developed a proprietary collection treatment
process specifically designed to recover NSF
checks. Our program includes:
- Electronic
(ACH) re-capture of payment the instant funds
are available.
- EFC
agreements with banking institutions (where
available) that ensure 1st position, priority
clearing
- Same-day
debtor contact
- Jurisdictional
financial investigation by a licensed civil
investigator
- Contact
with local District Attorney’s office
regarding criminal
complaint filings
- Contact-intensive
collector work standards to put the pressure
on and
keep the pressure on!
Despite the added work involved in NSF
recovery, we accept them on a
strictly contingent basis so we only get paid
if you get paid! Our fees are fair
and straightforward.
To prevent this loss from becoming
permanent, your immediate action is required.
