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nsf check recovery service, recovery service for nsf checks

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:

  1. 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.

  2. 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?

  3. Does the nsf check recovery service use RCK (electronic check representment)? 

  4. 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?

  5. Does the nsf check recovery service fully cooperate with the FDCPA?

  6. 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?

  7. 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?

  8. 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. 

  9. Are you required to send in all nsf checks for collection automatically or can you choose which ones to submit for collection?

  10. 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?

  11. What if a bad check writer wants to pay your business directly for a nsf check?  Is this allowed?  Is there a fee?

  12. 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.  My toll free number for NSF check collections is 1-888-439-2723 (1-888-HEY-BRAD). 

Other collection agency services are listed on www.bumchecks,com, some of which are accounts receivables collection, medical collections, a landlord collection agency, a school district collection agency, a collection agency for public libraries, collection letters, payday loan collections, a collection agency service for jails interested in a "pay to stay" program, and a debt recovery service for missed doctor appointments.

More than 1.5 million dollars in bad checks are written EACH DAY in the United States.  About 3/4 of these checks are NSF, so most businesses do need a check recovery service.