Better debt collection through better treatment
There are many reasons people don't pay their debts - financial setback, poor repayment habits, overspending or sometimes they're just not happy with a product/service they bought.
This can create both short-term and long-term problems for your business. When customers do not pay, it can cause a cash flow crunch that makes it difficult to meet your operating expenses.
The long term effects of poor accounts receivable collections on your company can include being unable to utilize those funds in order to increase growth and revenue.
Better Debt Collection
Outsourcing debt collections provides two main advantages. First, your employees can focus their time and energy on their core competencies and helping your company grow. And secondly, since debt recovery is our business, we can achieve a higher collection rate. We are so confident in our abilities to help you, that we don't get paid unless we produce results!
We can help you by helping your customers repay their debts. Our unique approach is centered on working with your customers to help them through their debt repayment problems; we don't use strong-armed tactics. We have found this method results in higher collections and maintains your relationship with your customer.
Of course, we do employ a full range of debt recovery options to pursue those customers who have the ability, but no desire to repay their debts.
Our Debt Collection Services
- One of our specialties is Medical Debt Collection: we provide services for a variety of medical facilities. Our staff has extensive background in Medical Collections procedures, as well as the terminology used by Medical Facilities in regards to their patients.
- Another area of specialization is Educational Debt Collection: we have specific staff members at Global Credit Systems, LLC with extensive experience in this arena. We provide a full range services from billing to final debt recovery.
- Consumer debt collections: we provide services to a variety of different types of businesses and members of our team have highly diversified backgrounds in collections.
- Commercial debt collections: our expertise in business debt collection revolves around our understanding that companies in many cases are looking to maintain relationships with the indebted company, and therefore are seeking a softer touch in regards to the collection of the debt.
Our Billing Services
Companies spend a lot of in-house resources tracking and maintaining accounts receivables. Global Credit System's billing services provides a cost-efficient way to outsource this function, freeing up more time for a company to focus on its primary objectives.