Debt Recovery

The Debt Recovery solution is designed for a variety of debt situations, such as:

• Financial institutions with outstanding balances on demand deposit (checking) accounts
• Subscription service providers that have rendered services on an account and have outstanding balances
• Credit card balance recovery, and
• In-store charge accounts that are delinquent

For these unique situations, we offer two account debt recovery options, depending on your level of desired involvement:

• PreCollect Recovery allows you to send items for account debt recovery without initiating any recovery efforts and receive 100 percent of the principal recovered for the first 30 days.
• Percentage Recovery allows you to send items for account debt recovery after initial recovery efforts have failed and receive a percentage of the recovered principal, depending on the age of the account.

How does it work?

• You forward a certified file to Payliance for recovery
• The customer is contacted through a letter, telephone calls and/or email
• Contact information is verified via skip tracing
• Accounts are forwarded to a legal network
• Reporting is available online 24/7

Benefits:

• Client debt that has typically been written off is recovered
• Utilizes our proven recovery expertise
• Accounts are forwarded to a legal network
• Percentage retained by you based upon the age of the account when it is received