NSF check recovery service
If you are looking for a NSF check recovery service, there are some things you should know! On this page there are several tips to finding the right NSF check recovery service for your business. You may also want to evaluate the national and FREE nsf check recovery service from NorthStar Technologies described on www.bumchecks.com.
Important nsf check recovery service questions:
- Ask about their
collection averages. Of all the NSF checks they receive, what is
their average collection rate? How fast can a NSF check be
collected? A service's NSF check collection rate will vary by geographical
area (large metropolitan areas will often be a lower collection
percentage that smaller communities), but their overall collection
rate
should be at least 70% overall.
- How is the nsf check recovery service funded? Are businesses
charged fees, or is it paid for by the
returned check fee imposed on bad check writers?
- Does the nsf check recovery service use RCK (electronic check representment)?
- Must a business have a minimum number of nsf checks to qualify
for the service? What if you want to terminate the service?
Are there some fees? How long does it take? What happens
to the checks you submitted for collection?
- Does the nsf check recovery service fully cooperate with the
FDCPA?
- Does the check recovery service offer any type of "status
reporting" so you can follow the status of the collection efforts?
Is this free, or is this a fee? Will they give you a
free demo?
- How often are collected funds returned to businesses? Are
there ever times when the check recovery service tells businesses
checks have been collected only to find out a few days later that
they were mistaken?
- What happens if a NSF check is collected but not the state
nsf
check fee? Some NSF check collection services will not
return any of your money until they get both the bad check fee
plus the value of the check.
- Are you required to send in all nsf checks for collection
automatically or can you choose which ones to submit for collection?
- What about checks that are not NSF? Is there a secondary
collection service for stop payment and closed account checks? If
so, is this service also free?
- What if a bad check writer wants to pay your business directly
for a nsf check?
Is this allowed? Is there a fee?
- Are existing NSF checks submitted for free collection? Does the service require that certain information be on all the checks you accept?
If you have a need for a NSF check recovery service, please visit my main bad check recovery web site (www.bumchecks.com--here you may even sign up for NorthStar's free nsf check recovery service on-line). You may also contact me (Brad Price) at 574-875-9994 or e-mail me with your check recovery questions.