Many collection agencies offer to report to the credit bureau as part of their collection procedures. However, our company offers this as a discrete service separate from collections. This may be of benefit for the following scenarios:
* Collection agency activity may alienate your existing customer base
* Outstanding accounts that a previous agency has been unable to collect you wish to reassign.
* Outstanding accounts over 3 years old but within the statute of the Consumer Reporting Act.
We offer this discrete service at a 15% contingency rate, which is far lower than other companies. A collection letter will be issued notifying customers of this pending action, and then reported to the credit bureau 15 days later. We have the ability to update accounts with compound interest, address changes, or other consumer updates every 30 days. If a debtor does not pay their account, there is no charge for this service.