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UID:1775595468@thefeng.org
DTSTAMP:20260407T205748Z
DTSTART:20211217T000000Z
DTEND:20211217T010000Z
ORGANIZER;CN=Howie Mandell:MAILTO:hmandell12@gmail.com
SUMMARY:THE FENG: Cash Collections
LOCATION:zoom
DESCRIPTION:The topic for discussion is Cash Collections&nbsp;&nbsp;Speaker Ralph Gaglionergaglione@ncsplus.comToll Free- (800) 363-7215 Extension 5445www.ncsplus.comthecashrecoverysystem.comJoin my professional network on LinkedInBackground on Topic:I think that just about everyone has an idea as to what a collection agency does.&nbsp; There are only a finite number of tactics that may be utilized to recover past due monies on behalf of the client.&nbsp; Clearly one factor dominates the collectability of money.&nbsp; That is the age or daily sales outstanding of the account.&nbsp; &nbsp;The concept is to employ the services of a qualitied third party when the money is most collectible.The NCSPLUS Cash Recovery System (CRS) utilizes a full set of proven collection tactics that is designed to recover all monies without the high commission fee structure normally associated with a collection process.&nbsp; So, for a small fixed, typically $25 - $50 per claim, we skip trace through 4 databases, send an Audit Letter, series of payment demand letters, make live phone calls with a predictive dialer, hand deliver a Telewire communication, send an Attorney Demand Letter, maintain a detailed client web-portal on all activity, and report credit to get you paid without any percentage fees charged when the money is paid directly to our client.&nbsp;For instance, the fee a collection agency or attorney charges on a $500 collection is $150 to $250 (30% to 50%) which in most cases exceeds the profit the business made in the first place.&nbsp; The NCSPLUS Cash Recovery System fee of $25 would restore the whole reason for the transaction, earning a profit.Most NCSPLUS clients typically receive payments from more than 50% of the accounts submitted for collection at a fee structure of less than 8%. Whereas the industry averages according to the ACA Int'l are closer to 11% recovery at a whopping 38% fee structure.&nbsp;Direct payments are made to our client at the lowest cost per dollar collected in the collection industry.&nbsp;Cash Recovery System (CRS):CRS is perhaps the only true fixed fee collection system (No percentage fees are charged)Skip tracing through four databases on all claimsAudit account status entryLive predictive dialer call campaignsHigh impact Demand LettersALL MONIES paid directly to client commission freeAttorney Demand Letter includedFully functional and real time updated client portalCredit bureau reporting included without agency commission fee deductionThe goal is to have debtors pay clients directly, instead of chasing them.&nbsp;
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