Debt
Collections
Delinquent accounts receivable introduces a multitude of concerns across your revenue cycle, ranging from lost revenue and its effect on your bottom line. These challenges encompass the financial implications, operational complexities, and resource constraints that arise from managing delinquent accounts. This requires a comprehensive approach to effectively solve for.
First-Party
CollectionsOur first party (early-out) collections solution enhances recovery and cash flow by utilizing our expertise and technology earlier in the accounts receivable lifecycle. Our account executives act as an extension of your internal team, conducting personable and consistent outreach through multiple communication channels. This collections approach, conducted in your business name, is specifically designed for accounts not yet in default, allowing your team to prioritize critical initiatives.
- Soft collections approach
- Built as an extension of your business
- For accounts not in default
Third-Party
CollectionsCCMR3 offers a comprehensive solution that focuses on delinquent accounts acting as a true third-party vendor. Our account executives reach out to build relationships with your borrowers and establish repayment terms and drive best-in-class recoveries. Every interaction is conducted with empathy, aiming to assist your customers in finding suitable repayment options.
- Third-party collections approach
- Handled as a CCMR3 account
- For accounts defaulted or pre-defaulted
Additional Solutions
Litigation Services
As a full-service collection partner, CCMR3 offers support throughout the collection lifecycle, including litigation.
Bankruptcy Servicing
A bankruptcy filing does not have to mean that the opportunity to recover outstanding receivables is lost.
CCMR3 can help you
Optimize Accounts Receivable
Improve Cash Flow
Focus on Your Bottom Line
Minimize External Expenditures
Alleviate Administrative Burden
Daniel McSherry
“CCMR3‘s recovery performance resulted in five times the recovery rates in comparison to our market competitors. Achieving those results while catering to our customer‘s needs ensures that BHG Financials‘ brand and dedication to our borrowers will be emphasized throughout the life of the loan.”