New Horizon Credit Counseling Loss Mitigation - Recovery and Collections

This program offers banks the ability to recover all monies owed by including a dynamic debt management program through credit counseling and incorporating these efforts into the past-due recovery process. As appropriate, debtors are counseled by a certified financial counselor so they are prepared and budgeted for proper debt management and even enrolled in a Financial Solutions Program if necessary.

Why settle for pennies on the dollar and ruin customer relationships by turning over your accounts receivable to collection agencies? Through a financial solutions program, the bank becomes a creditor that is repaid in full through on-time, monthly payments that meet its repayment guidelines and are within the member’s realistic budget as well.

Enjoy these benefits:

• Increased bottom line revenues.
• Maintain positive, on-going relationships with clients ensuring continued business.
• Reduce erosion of client base .
• Eliminate collection agency fees.
• A true win-win for both banks and your debtors.

This programs not only helps in resolving a debtor’s past-due accounts, but also assists them with a comprehensive array of financial solution services that include credit counseling, financial literacy, budget management and debt management. A wide assortment of programs all point to two things — banks recover the money that they are owed and, more importantly, banks retain educated and financially responsible customers for life. This is a win-win situation. The transformed clients become even more loyal to the bank because it helped them.
 
This program may be launched as a study project for banks allowing them to test this new concept in a controlled manner. They decide which and how many accounts they would like to try using this approach. A New Horizon Credit Counseling Services resolves delinquent receivables in a confidential, discreet, professional manor.

A New Horizon Credit Counseling Services Inc.
www.anewhorizon.org

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