Third Party Collections
Third Party Collections
LEIB Solutions is a CLLA and AM Best Certified Third Party Collection Agency. Our third party collections representatives hold their Senior Certified Collection Professional (SCCP) and Certified Commercial Collector (CCC) designations through the Commercial Law League of America and The International Association of Commercial Collectors.
Third Party Collections Process
Our third party collections teams call in the name of LEIB Solutions, as a third party collection agency to your active, delinquent and terminated customers in order to quickly recover your account receivables in a professional, respectful and dignified manner. At LEIB, we believe in facilitating a positive outcome for our client while striving to maintain the relationship between our client and their customer. This has translated into a very high success rate for our third party collections.
Third Party Collections Services
When you choose LEIB Solutions to be your third party collection agency, you get a full package of services provided including skip tracing, collector letters, immediate telephone contact and 24/7/365 online access to view your accounts and customized reporting.
LEIB's Third Party Collection Unit is broken up into four business units:
Small Balance
Medium Balance
Large Balance
Final Demand
All of these business units were created to provide our clients with a full range of third party collections services.
Let LEIB help you: There is a direct correlation between the age of the debt and the collectability of it. Check out these statistics provided by the Commercial Law League of America:
After three months, the Creditor will have potentially lost over 27% of the total invoice(s) amount.
After six months, the Creditor will have potentially lost over 43% of the total invoice(s) amount.
After nine months, the Creditor will have potentially lost over 58% of the total invoice(s) amount.
After twelve months, the Creditor will have potentially lost over 75% of the total invoice(s) amount.
Please contact us with any of your third party collection needs.