Stay in control of your accounts and save resources while Cedar Financial delivers a diplomatic, but powerful collection message to your customers. Our Prepaid Notice Service is a smart, cost effective strategy to collect your past due accounts prior to agency outsourcing at contingency fee basis.
Our online solution lets you organize, sort and track your notices—and even cancel follow-up notices after a payment has been received. Our typical Prepaid Notice Service process includes a courtesy letter, a payment demand letter and a final notice with a warning for potential collection agency involvement. With a few clicks of your mouse, batch processing lets you to send out multiple notice requests. Also available with the service is NCOA Forwarding, which maximizes notice delivery by automatically scanning for the most current address provided by the U.S. Post Office.
Avoid unnecessary commercial collection proceedings with Cedar’s complimentary Demand Notice Service™ – providing an extra sense of urgency to those customers who don’t respond to bills or invoices.
Save the money and time involved to formally put the account into collections. Cedar’s Demand Notice Service™ reaches out to your customers with a limited time to pay or resolve their outstanding balances. How it works:
1: A final notice is sent to the debtor via email and regular mail with your direct contact information inserted allowing the debtor a limited time to pay or resolve the outstanding balance due with you directly. Notices warn that unless the matter is resolved within the time given, the balance will be turned over to our agency for immediate collection.
2: If the debtor applies a payment(s) within the time frame allotted, there is no fee.
3: If the debtor fails to pay by the final notice date, the account will roll-over into our database for immediate adjuster demand and standard contingency rates will apply.
With our Demand Notice Service™ you avoid unnecessary collections proceedings and maintain relationships with your customers. If the debtor pays within the time frame on the notice, you simply report the amount paid and Cedar will automatically send an e-receipt to the debtor for the payment.