Professional Debt Recovery
The foundation of our business, Credex's third party collection services are designed to maximize recoveries on delinquent accounts while maintaining high standards of ethical conduct.
Within minutes of account placement, our Collection Specialists start work on your accounts with a systematic approach to shorten the time between first contact and receipt of payment.
Our comprehensive debt recovery plans use professionally scripted telephone and written communications, asset and income verification activities, skip tracing, credit reporting and account litigation services to effect timely recovery of your accounts.
All financial activity on your accounts is reported to you on a monthly basis via our Trust Statements, however should you require reports on the individual status of your accounts please contact our Client Services Department.
Prompt placement of delinquent accounts dramatically improves our ability to maximize recoveries and increase your cash flow.
Lease Portfolio Administration
Since 1997 Credex has been offering specialized account services to the Equipment Leasing industry to compliment our traditional debt recovery programs.
First Party Collection Services
Credex's first party collection services help you to effectively manage your delinquencies and reduce the number of defaulted contracts in your portfolio.
Our collection specialists can either be used as an additional resource during busy accounts receivable periods or we can administer your entire collection program allowing you to focus your internal resources on other projects.
Defaulted Lease Services
Once it has been determined that a lease will not perform as agreed, Credex will step in, arrange for the recovery and remarketing of your asset and then through our third party collection division proceed to recover any deficiency balance.
Through a combination of aggressive collection activity, strong negotiation tactics and national asset management services, in many cases Credex is able to bring accounts to a favourable conclusion without the necessity of expensive litigation or bailiff costs.
