Government Debt Recovery Program Are You Paying Too Much to Recover Your Own Money?

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Presentation transcript:

Government Debt Recovery Program Are You Paying Too Much to Recover Your Own Money?

One Hefty Price Tag After unsuccessful attempts to collect debts in-house, most local governments hire a Private Collection Agency (PCA). Most PCA’s charge for their services on a contingency fee basis and keep 15% -25% (or more) of what they collect. Collection rates for some contingency fee based companies traditionally are very low. There is a better way!

Fixed Fee Philosophy: Frugal, Friendly and Fast A small up front fee is paid for each debt that is to be recovered (typically $ $12.00 – or less). Letters are sent and calls are made to those with outstanding debts (letters can be customized). Courteous outreach is made by trained professionals. Payments are made directly to your local government. A 400% Return on Investment (ROI) Guarantee is made on qualifying debts.

Proof is in the Pudding Traditional Model Fixed Fee Model $400 Past Due Utility Bill 20% fee Collector’s Fee $ Local Govt. Portion $ $400 Past Due Utility Bill $12.00 Fee Collector’s Fee $ Local Govt. Portion $388.00

Proof is in the Pudding (cont.) Fixed Fee Amount Recovered Contingency Amount Recovered Additional Revenue Recovered $388 $320 $ 68 ( 17% more)

Why use this New Recovery Program? Higher collection rates Low cost fixed fee method (as low a $10.00 per claim) Payments are made directly to your local government Ability to customize letters High level of customer service Publicly bid contract – no need to issue an RFP 400% ROI Guarantee

Go to: Contact : Harve Platig, NCSPlus, Inc. (321) For more information: