DEBT RESOLUTION PROCESS
Consumers’ behaviors and technologies have drastically changed over the last several years and so should your collections strategy. Goldwyn Management Group is a fully compliant agency that is reimagining collections. We’ve invested a large amount of capital in developing a platform, up-to-the-minute tools that optimize right party contacts. With over 2,000 clients world wide and millions of dollars recovered, we’ve helped our customers recover all types of consumer and commercial debt, including but not limited to, credit card, medical, membership fees, auto, and student loans.
Standard course of action include;
- Certified Demand Letters: A formal demand letter is one of the first actions taken during debt collection. These letters include a statement of the balance, information regarding how much needs to be paid, and a due date for the payoff.
- Routine Phone Calls: Although demand letters are issued as a formal process to provide leverage, phone calls are the most common way debt collectors will try to communicate with debtors.
- Balance Payoff Negotiations: Sometimes, creditors authorize debt collectors to negotiate payment arrangements with their clients. These negotiations may include installment plans or discounted payoffs if the balance is cleared in full.