F.D.R.
Credit Recovery Limited has been successfully completing
third party collection programs for a number of
commercial suppliers and retail lending institutions
for many years. The key to our success has been
the development of customized work plans for each
client. The work plans set out the minimum acceptable
standards of procedures that are to be undertaken
and the frequency that they are to be performed.
The work plans are designed using all available
information such as:
-
Age of accounts at assignment
-
Average $ balance
-
Volume of assignments
-
Historical collection statistics
-
Type of accounts
Minimum
work standards are first established with our client.
These include:
-
phone contact attempts
-
supervisor file reviews
-
advanced skip tracing
After
the work plan has been designed and the program
implemented, we measure its effectiveness by:
-
close monitoring
- making necessary alterations
We would
be very pleased to discuss our methodologies with
you in further detail and we welcome your input.
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