Cedar Financial
Deco

Prepaid Notice Service

Launch Demo

Our Prepaid Notice Service is an economical and effective strategy to collect your past due accounts prior to agency outsourcing at a contingency fee basis. Prepaid Notice Service is used by clients who wish to stay in control of their accounts and deliver a diplomatic yet firm collection message to customers.

 

The benefits of the service are clear and definitive:

  • Savings of up to 60% over contingency collection basis
  • Designed for both small and large balance accounts
  • Remain in control of final “pre-collection” efforts
  • Payments are directed to you
  • Delivers a firm yet diplomatic collection notice to customers
  • Maintains a positive, professional image of your organization
  • Provides an opportunity for the customer to communicate with you directly prior to escalating to a third party agency
  • Prevents “skimming” of accounts
  • Notices may be tailored to your specific needs
  • Option to rollover non-resolved accounts to contingency recovery

Comprised of professional Pre-Collection notices, our online solution enables you to organize, sort and track your notices—and even cancel follow-up notices once payment has been received. Our typical Prepaid Notice Service process is comprised of a courtesy letter, a payment demand letter and a final notice that includes a warning for potential collection agency involvement. Batch processing enables you to send out multiple notice requests with just a few clicks of your mouse. Also available with the service is NCOA Forwarding, which maximizes notice delivery by automatically scanning for the most current address provided by the U.S. Post Office.

Testimonials

Involvement at the Senior Level:
“We particularly appreciate the access we have to the executive team, who has helped us to maximize the value of our portolio from a strategic perspective.”

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