Not every Collection Agency can recover money for schools in an amicable manner. Schools have their reputation at stake when they hire a third party collection agency. An inexperienced debt collector can bring a bad PR for the school.
Debt collection methodology for schools is very different. Collection agencies cannot use the same approach which they use for recovering the money for doctors or small businesses. Parents are very sensitive when the matter is related to their kids. Debt collection for public school districts and private schools must be done amicably, with great care, respect and diplomatically. At the same time their collection cost should be low or offer special packages to schools.
Most common school debts are related to tuition, lunch / meal accounts, contracts, text book rentals, laptops, student health and lab fees. Although this crisis is happening all over USA, some school districts of Indiana Michigan, New Hampshire and Maine are particularly distressed due to the non-payment of the fees by parents.
To minimize accounts receivable, schools them self can adopt an amicable and sympathetic approach, give parents different payment options, explain them about the late fees and send communication in multiple forms before the payment due dates (email, SMS, messaging, etc).
Many parents send their kids to private schools and draw private elementary school loans. Middle class families use primary school loans to cover private education debt, based on income and the actual cost/fees of attending the school.
We help you collect from those families who can pay but simply avoid paying their legally due obligation. No need to write them off when they can be collected by an professional collection agency.
Collections are made in diplomatic manner therefore it is important to approach the students and parents respectfully to settle overdue accounts.
There is a huge difference when a collection agency contacts the debtors verses when the collections were being done under the school’s own name. Debtors understand that collection agencies are well aware of all the actions that can be taken to recover money while following the collection laws.
If you are looking for an Collections agency with extensive experience in recovering school debt: Contact us