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Banking and Financial

Banking and Financial Collection Agency In New Jersey

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Banking and Financial

Collection of banking and financial instruments requires a special knowledge of the industry and a basic understanding of contract law. We understand that this is a broad category so many types of accounts will fall under the Banking & Financial industry. We’ve come to perfect the collection process over the years in working with many companies by providing customized, comprehensive, and effective solutions.

Types of Banking & Financial Debt Handled

  • Charged off DDA (checking and savings) accounts
  • NSF checks
  • Check cashing and short term installment loans
  • Promissory notes and installment agreements
  • charged off lines of credit and personal loans
  • Charged off credit cards

What are the costs?

If the loan agreement and/or promissory note are worded properly, and the parties are contractually liable for collection costs, our fees will be in addition to what is owed to your agency. Most agreements we’ve seen allow for collection costs, attorney fees, and a myriad of other costs to be recoverable upon breach of the agreements. That being said, the cost of collection, suit, and attorney fees will be the responsibility of the breaching parties. A check is considered a contract.

How does it work?

With banking and financial debt collection, there are two stages. We first try to make contact with all parties via US Mail, telephone, and email to come to a mutual agreement. We want to get the account back on track. If that fails, the next step would be civil action. This involves serving the debtors with a Complaint (lawsuit), obtaining a judgment, and pursuing collection through the courts.

How do I get started?

The best way is to send us PDF’s of each file, with a cover sheet outlining the amount due. This can be done via our website using the upload feature, or we can send you FTP information for bulk files. If you have files that aren’t in electronic format (paper), we can scan them into our system for you. Contact us and we’ll arrange for our courier to come and pickup the files. We’ll scan them and have them returned within 48 hours.

Upload Debt Collection Files

Get started right now. Upload your collection files using our upload utility. If you have larger volume, contact us for FTP details.
Upload Now

Still Not Sure What To Do?

There’s isn’t one solution that solves all problems. It’s our experience that every business is unique and requires such an approach. We do our best to make sure that our clients are satisfied and their customers are treated with respect. If you aren’t sure what to do, give us a call or send us a note and we’ll be sure to provide our feedback. Sometimes it’s hard to find information online that’s specific to the issues facing your business or you just don’t know where to turn for help. Our business is solving your accounts receivable problem and turning those non-performing assets into money that can be used to grow your business.

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