In an effort to stimulate bulk placements, Stanley Morgan & Associates is offering a discount on accounts that are submitted in groups larger than 10 accounts. It has long since been the tradition for Stanley, Morgan & Associates to urge its clients to place all accounts that become delinquent for collections when opening an account. Now with increasing pressure from Washington for higher returns for creditors, Stanley Morgan & Associates is taking a unique approach to the situation by rewarding those that place in bulk.
“It has become apparent that creditors will see a higher rate of return when placing accounts in volume”, a spokesperson for Stanley, Morgan & Associates shared. “Now those clients will be rewarded with discounts, benefits and of course, more money.”
How exactly are those discounts distributed? Well discounts vary from client to client with a placement of 100 cases or more to receive a higher rate reduction than a placement of just 15 accounts. In addition the quality of accounts is taking into consideration as well as cases past the statue of limitations or in bankruptcy are barred from the program. No dollar amount is too small to collect, however.
In a recent audit of collection agency remittance records across the country, studies have shown that creditors who place over 80% of their past due receivables with a collection firm are four times as likely to fight off bankruptcy or face a closure of their business. Those results cannot be denied.
To take part in the Bulk Placements program that Stanley, Morgan & Associates has to offer, be sure to contact the representative at the firm by reaching them toll free and asking to speak with a new member representative today.
For more details you can visit the online website at http://www.stanleymorgan.org.