Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Articles
More
Related Categories
Tip of the Day

Tip of the Day Negotiate Fees

Negotiate Fees - We all have certain services that we require and use monthly, so we can all negotiate with these service providers to get them to lower the fees...

read entire tip

Related Podcasts
Recently Added
Other Great Sites
 

First Credit Services

Outsourcing credit collection services has become increasingly common, and there are a number of businesses that have been set up to help businesses with this task. First Credit Services is a leader in the field of credit collection services. It assists businesses in the health and fitness industry, such as gyms, to collect debts owed by their customers.

Most gyms have a number of customers who don't use the facilities and eventually just stop paying, However, where they are enrolled in a yearly program or have a rolling commitment, they still owe the money. Many gyms start by trying to recover the amount owed, but eventually give up - losing their money because they haven't got the time or expertise to pursue the defaulter.

First Credit Services is not involved in trying to run a gym - it is exclusively concerned with chasing delinquent debts. As a result it can save its customers time and effort, and improve their collection rates.

First Credit Services is bonded and insured in every state of the USA and complies with all Fair Debt Collection Practices Act guidelines and privacy laws. That makes it a good choice for chains of gyms which have outlets in a number of different states, enabling them to manage delinquent debts across the chain instead of locally.

As debt collection becomes ever more regulated, with regulation at a state as well as federal level, it will become increasingly difficult for businesses to keep up with the legal requirements of the debt collections process. The language to be used in letters requesting payment, for instance, is set out by law. Outsourcing of debt collection to companies such as First Credit Services takes this onerous burden away and should ensure the company complies with the law.

Employing an outsourced collection agent should also help to improve a business's cash flow. In a difficult economic climate, sometimes it's cash flow that marks the difference between survival and bankruptcy - by ensuring that the company receives a higher percentage of the money it's owed, First Credit Services is helping it remain in robust financial health.

Discuss It!

Forgot iCloud Password said:

iCloud password is same as the Apple ID and the password one uses to make any purchases from the App store in any of the Apple device

shareit for pc download said:

shareit app download

Most Popular Articles
Most Popular Definitions
 
Daily Definition

Definition of the Day Organized Securities Exchange

Organized Securities Exchange - Organized Securities Exchange is a securities marketplace where the purchasers and the sellers regularly gather to trade securities according to the formal rule adopted by the exchange. It is facility for the organized trading of securities. The major national exchanges are the American Stock Exchange, the...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Copyright © 2009 TeenAnalyst.com