HOW iCOLLECT WORKS
An easy to set up cloud (internet) based application where you manage your debt collection.
iCollect leverages the power of a 3rd party debt collection brand.
Its simple to set up and to start collecting your debts:
- Set up your secure iCollect account
- Load your bad debtors details into the platform
- Initiate and manage the schedule of collection email letter - these are 3rd party collection agency branded, but managed by you
- Update debtor payment details
- Register defaults against any uncollected debtors
How Much Does iCollect Cost? Get Started with our Debt Recovery Software Today!
How the iCollect debt collection online application works:
Sends a branded email from Guardian Credit Services asking your debtor to send your money directly to you. There is the option of posting a printed letter.
You can expect a response of over 60% from this letter (The power of “Third Party” impact).
7 days later iCollect will:
iCollect will prompt you to send a Default Notice email, warning your debtor that their credit rating will be damaged for 5 years if they do not pay within 72 hours.
Over 80% of debtors respond at this stage.
Day 14 iCollect will:
iCollect will give you the option to register a Default with Baycorp (Veda Advantage). This will damage the debtors credit rating for five years.
Next iCollect will:
iCollect will prompt you to send a final letter to your debtor threatening legal proceedings.
Over 90% of debtors will have responded at this stage.
With any unpaid debts you now have a final option to hand over the debt to Auckland debt collector Guardian Credit Services for collection.
The thank you letter
When a debtor pays, you have the option to send a “Thank you” letter.
iCollect debt recovery software will sent reminder notices on behalf of your business
This will handle the slow payers.