| >>Question: "Why hire a third party collection agency to collect delinquent debt and why choose Detex?" |
| Answer: "DETEX has resources and expertise that 'in house collectors' do not. We will recover more of your money more quickly with much less expense! The collection industry has become quite competitive, and this is to your advantage. The beginning communication between a bill collector and a debtor often dictates the success of collectable debt. Detex has mastered the ability to collect with finesse and has the knowledge and experience to deliver exceptional results. We simply 'out-collect' the competition and maintain extremely satisfied clientele. Contact Detex today for referrals!" |
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| >>Question: "When should a claim be submitted to a professional collection agency?" |
| Answer: "Accounts become delinquent when they have not been paid in accordance with your terms. Early contact with debtors increases the chance of maximum return. The most productive collection efforts take place during the period between 30 to 120 days past due. Beyond 120 days recovery percentages start dropping significantly. Detex clients have witnessed proof of this and so provide weekly placements for collection.You are probably not the only creditor demanding payment of a delinquent debtor.Usually, the creditor that acts promptly will receive payment, and more substatntial loss occurs to those that wait. Promptly place your delinquent accounts with a reputable agency . . DETEX Agency & Associates!" |
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| >>Question: "What are your fees?" |
| Answer: "Typically, DETEX can work strictly on commission and avoid placement fees. Logically, a collection agency working strictly on commission will work harder for their client compared to those agencies charging a placement fee because the agency will not receive payment unless they are successful in collecting the debt. Commission fees can range from 20% to 50% and several factors must be considered in order to determine appropriate commission percentage. Some of these factors for consideration are: the TYPE of debt; the AGE of delinquency; the VOLUME of placements from the Client; the INFORMATION provided on each placement from the Client; etc., etc. Please contact DETEX for consultation!" |
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| The Impact Of Bad Debt |
Our economic system should be simple - credit grantors provide a
product or service, and consumers agree to purchase it. However, current
statistics show that consumer and business debt is as at its highest ever -
and growing. When the consumer fails to live up to the contractual
agreement, bad debt is created. What impact does that have on our economy??? |
• $ 595,600,000,000.00 - the consumer credit card debt in the USA, 1999.
• $ 216,000,000,000.00 - amount placed in collections in the USA, in 1999.
• $ 30,400,000,000.00 - amount that agencies in USA, collected in 1999.
• $ 185,600,000,000.00 - amount NEVER collected from USA Consumers in 1999. |
| Result: An annual cost of $680.00 for each person in the USA. |
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| "THIS COMMUNICATION IS FROM A DEBTOR COLLECTOR, AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE." |
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