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Contingency Collections
Financial Data Systems LLC was founded in 1998. A local agency that focused primarily on Collections in Southeastern North Carolina was greatly needed. FDS has since built their business throughout the Carolinas based on honesty, integrity, and professionalism. Our team of managers, account representatives, and support personnel are dedicated to exceeding each client's expectations. Our job is to provide you with the best business solution possible to satisfy your needs.
Collections Overview
All accounts placed with Financial Data Systems will be entered and acknowledged within 48 hours.
- We utilize a process of multiple mode contact to contact debtors by mail and phone to the debtor that the account has now been referred to a collection agency for recovery
- Our collection software is automated and prioritizes accounts for the collector, this allows our collectors to concentrate on the job at hand, which is collecting your money!
- After contact is made with the debtor an arrangement will be made to satisfy the outstanding debt.
- We realize that people may not be able to pay the debt in full every time so we offer payment arrangements that will benefit the debtor, the client, and Financial Data Systems.
- When appropriate we will send a reminder notice (2nd notice) to the debtor informing
How we do it:
Technology
Using the newest technology available allows its performance to rival those of expensive mainframe systems.
All accounts will go through a rigorous process to ensure maximum reimbursement
- Data Verification and skip tracing where appropriate
- Multiple mode contact begun with FDS's letter series and phone campaigns until payment or payment arrangements are made
- Credit "triggers" initiated where all debtor credit inquiries are reported to FDS to follow-up directly with the debtor
- All payment plans monitored for the life of the plan
- FDS will also conduct any negotiations required to achieve "paid in full" status per agreed upon criteria from client
Staff
Our staff at FDS is second to none. One of our principles at FDS is to work as an extension of your staff. We understand your business and want to be as helpful and easy to work with as one of your employees. We pride ourselves on our good nature and our desire to please our customers. All of our collectors are extensively trained and are well versed on FCRA, FDCPA, as well as The Health Information Portability Accountability Act (HIPAA). For references, please ask a sales representative to provide as many or as few names and contacts as you desire.
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