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Valentine & Kebartas, Inc., an accounts receivable management company, has earned a reputation for success in a variety of industries, from retail and telecommunications to government and insurance. Committed to responsive service and professionalism, Valentine & Kebartas, Inc. provides pre-collection programs, nearshore collection, third party collection, letter series, and an attorney network for legal services. Valentine & Kebartas, Inc. was founded in 1994; since that time, the company has continued to grow without sacrificing its client-centered philosophy. With offices in Massachusetts, Idaho, Florida, and Panama, Valentine & Kebartas, Inc. is well positioned to meet clients’ requirements. The team at Valentine & Kebartas, Inc. excels at customizing services through a detailed discussion of clients’ expectations, procedures, goals, and historical performance. Valentine & Kebartas, Inc. creates optimal programs using all data points. To learn more about Valentine & Kebartas, Inc., please visit www.vnkinc.com. The Valentine & Kebartas, Inc. website lists contact information for the company’s founders, Cheryl Valentine and Bob Kebartas; both are dedicated to building strong relationships with clients. Valentine & Kebartas, Inc. upholds accountability and professionalism and participates in the Commercial Law League of America, the Florida Economic Development Council, Inc., the American Collectors Association, and several other groups. Valentine & Kebartas, Inc on Wordpress
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First-party vs. Third-party Collection Agencies
Debt resolution businesses are categorized in two ways, either as a first-party or third-party collection agency. In a first-party agency, creditors take full responsibility for collection, although a different company name, address, and phone number are utilized to differentiate an internal department from its parent company. Often, creditors want to give the impression that an outside agency is managing a claim, assuming that debtors will resolve a situation more quickly when prompted by a dual request for repayment. This strategy is usually employed in cases that involve recent debt, defined as being less than six months delinquent. Third-party collection agencies undertake the bulk of debt repayment cases. Third-party organizations such as Valentine & Kebartas act separately from original creditors, “working” debts on behalf of many different lenders. Additionally, third-party agencies may also purchase bad debt, classified as charge-offs by the primary creditor. A debt becomes a charge-off in cases of severe delinquency on a loan. If a consumer is incapable or unwilling to pay money owed after more than six months, the lender posts the debt on that individual’s credit bureau reports. The posted item includes relevant dates, as well as the total amount a creditor attempted to collect. When a third-party agency procures bad debt, the organization purchases the debt for a small percentage of the actual face value. After the debt is sold, an agency attains the right to collect the full amount owed. Because the chances of recovery decrease over time, a third-party agency often obtains bad debt for only 1 percent to 5 percent of the actual cost. At this point, the debtor does not have the option to negotiate with the original creditor in any way, although it is unlikely that a third-party agency will sue for repayment. To ensure fairness in the collection process, all third-party agencies must adhere to the regulations laid out in the Fair Debt Collection Practices Act (FDCPA).
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