DEATH OF THE PREPAY SYSTEM

Debt Collection Vouchers, are they good value?

Some of the prepaid debt collection voucher systems that are currently available on the market have now become expensive and do not serve the economic purpose that this type of service was originally designed to perform. These voucher systems often require prepayment (usually in lots of 10) but these can expire before actually being used or lost, and it is quite a lump out of the cash flow for a business. The original concept was introduced into New Zealand by one of our company directors but in a recent review of the market it was realised these current systems often no longer provided value to the user. As a result DebtForce reintroduced the LetterAction service at a simple $35.00 per debt for debts under $1000.00 with NO COMMISSION applying to the funds recovered. Interest and costs can also be included in the demand so if payment is made the collection is FREE of cost.

The high standard DebtForce service is applied to these debts with each debtor being contacted directly where possible. A night team of collectors is available to deal with the more evasive persons.

This is a pay as you use system and is charged to the clients account as the service is used, No Prepay.

The savings to the business are considerable with the cost of a recovered debt of $1000 is less than 3.5% in real cost.

No debt should be written off without attempting to recover it. Using this

service enables the user to adapt a more aggressive policy to their smaller debts which are now economic to pursue instead of writing them off. It also provides clear evidence of pursing the debt to IRD for write off purposes