Dormant debt is a term used to refer to a batch of debt that has been written off for a period of time or that has been previously listed with an agency in which the agency was unsuccessful. These accounts are typically older in nature and the volume or quantity of accounts is typically 250 or greater.
Please keep in mind that this type of collection is not for a one-off situation. Should you have an account or several which are a little older, this would fall under the commercial/consumer collections category.
Our unique business model was developed to increase revenue from existing files closed by first place agencies. A combination of products and services are used in this model including scoring, workflow standards, credit bureaus and triggers to maximize recoveries and monies for your bottom line.
If you have a bulk of accounts sitting uncollected at an agency currently, or a batch of written off debt, call us today to find out if you can take advantage of our Dormant Debt Campaign.
"The service was helpful to our business in retrieving a deficit Invoice.
the client service contact was helpful and proffessional. The wait time was not too long.
"Holly is great to work with, information was timely and her response to questions is always friendly and courteous."
"I have had good experiences...however there is not enough communication in regards to accounts that you have deemed "uncollectable" We had this happen with more than one account and were never notified that this was the situation."