For Our Credit Union Clients We Collect:
- Auto Loans – both secured and unsecured
- Visa and Mastercard
- Lines of Credit
- Personal Loans
- Negative Shares (overdrawn checking accounts)
Negative Share Accounts
Cypress Asset Recovery Service has developed the most successful solution available in the industry for Negative Share / Checking Accounts. We understand how collectors work and think—they want to recover those large balance accounts. To eliminate this bias toward larger accounts, we have set up a division of small balance collectors who are exclusively dedicated to the recovery of our clients’ smaller balance accounts.
We use the same resources including credit reports, skip tracing database searches, highly experienced collectors and a comprehensive letter series that are used on our clients’ larger balance accounts.
Our strategy and approach to the recovery of small balance accounts has been a win/win situation. On average our clients are seeing a liquidation rate in the first year of 21–24% and after 24 months a liquidation rate of 29–32%. It is a fantastic program with exceptional results!
Contact us today to discuss solutions to your unpaid consumer or commercial accounts.