Rohnert Park, CA (PRWEB) September 8, 2004
Getting money owed to you can sometimes be difficult. If a business or individual finds it necessary to become assisted by a collection agency, choosing the right collection agency can be very confusing. The experienced people of Transworld Systems, Inc. strive to reduce this confusion.
Since 1970, Transworld Systems, Inc., or simply TSI, has been offering their services with no financial risk to clients who are burdened by slow or non-paying debtors. The company guarantees that if they do not collect at least what the client invests, TSI will refund the client double the investment.
Any collection agency is a reflection of the client. Therefore, how the collection agency handles the situation is vitally important. Within 30 seconds of placing an account online, TSI collection agency will begin processing while the client is in complete control of how it is handled.
TSI bases their reputation on a three-phase system. During phase one, TSI will send a cycle of five carefully worded demands to the debtor on the client’s behalf. These demands simply let the debtor know of the situation and encourage a quick resolution. All the while, the client is in control of the language of the demand letters and when to discontinue them. The letters are also addressed from the closest TSI collection agency office to the debtor. With 152 offices nationwide, the “back-yard effect” this creates represents another example of the motivational techniques used by Transworld Systems.
In a situation where the account becomes extremely difficult to recover, the second phase, ‘Verbal Demands’ begins. The Credit Management Systems division of TSI collection agency handles the claim with specialists who are trained in collection techniques such as interpersonal motivation, skip tracing, and asset identification and location.
If efforts by the collector fail, and if the law permits, the final phase is set into motion. During this phase, litigation becomes an option where it is financially feasible and only with the express permission of the client. The client only pays for what is recovered.
Transworld Systems is dedicated to the reputation of their clients. Upon collection of payment, TSI collection agency will – if the client wishes and at no extra cost – send a ‘Thank You’ letter to help maintain goodwill between the client and the debtor.
TSI’s business practices are sensitive enough for the Salvation Army, Easter Seals Society, even the Girl Scouts of America. “For over 12 years Transworld Systems has provided diplomatic assistance, gently reminding people to send in their payments (for cookie money),” says Amy Thibodeaux, Vice President of Finance of the Girl Scouts of San Jacinto Council.
When choosing a collection agency, it is important to understand elements such as the collection agency’s reputation, collector motivation, and collection recovery rates. Fortune Magazine has described TSI’s collection rate as, “well over 50%. The typical collection agency gets only 20% and keeps 25% to 50% of recovered funds.”
Unlike a typical collection agency, TSI charges a flat fee with no percentages. Depending on volume, cost can be as low as $4.75, and is never more than $13.95, regardless of the amount collected. The client may also choose to add this fee to the debt, making the total cost less.
For a free report on ‘The Top 11 Ways to Maximize Internal Collections’ and to view an instant comparison between TSI collection agency and other collection agencies, visit http://web.transworldsystems.com/collectionagency/.
About Transworld Systems, Inc.
Located in Rohnert Park, California, TSI collection agency assists over 61,000 businesses and medical practices across the country in getting the money owed to them in an ethical manner, with less friction and an emphasis on client reputation and relations.
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