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  1. #1

    Collecting on MCA Debt

    Just wanting to reaffirm to all those who may have bad debt issues that I would very much like the opportunity to explain what I do differently when compared to a collection agency that has garnered me much success over the last many years. I'm not looking to replace your existing collections process but to simply add a spoke on the proverbial wheel. It gives you the lender greater options, assuredly more success at recovering, and at a fraction of the cost. You recover more and spend less to get it.

    I know that everyone has a pitch and everyone selling themselves is the "greatest" at what they do. The constant barrage of being solicited can cause anyone to be skeptical. I understand this very well. My hope is that I can create enough interest from those reading this post that it would allow a conversation to take place.

    Were we to speak, I could go into detail as to why I am different, how I achieve my success, and how I am confident I could help anyone with bad debt which includes: blatant defaults, merchants placing a stop on the ACH, dealing with COJ's, dealing with the merchant's attorney, or dealing with settlement firms trying to force a ridiculous settlement down your throat. Beyond "selling myself" though, I would happily provide references from those I work with who would gladly attest to my claims and to their stark decrease in both write off's and recovery costs. Across the board, all those I work with have stated they are very happy with my output and are better off now then before I came on board. I work with some of the most well known lenders in the industry and have for years and of course will gladly offer references.

    More than anything, my reputation is paramount and I strive daily to ensure that what people think of me and what they think of my work grows exponentially. I hope that there is an interest in meeting me and learning more and would love the opportunity to delve into the details with those who may reach out.

    Please feel free to message me or call me direct at 1-877-669-7943

    Mitch

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  5. #5
    Member Reputation points: 107
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    Posts
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    what is the name of your company ? could you give some more details of who you are ....

  6. #6

    Collecting on MCA Debt

    Quote Originally Posted by fundingamerica View Post
    what is the name of your company ? could you give some more details of who you are ....
    I work on the debt that a specific in house team cannot yield success on and before they would send it to a 3rd party collections agency or law firm. I have a legal background which helps immeasurably because I am able to convey the legal implications to each merchant as any attorney would, but for much less the cost and with a better success rate.

    All funds would be paid directly from the merchant to the direct funder whether through bank wire or re-establishing the daily debit and I simply invoice based upon the total amount successfully recovered during any given month.

    I am much less expensive than a 3rd party agency or law firm and my results are at the zenith of the industry. On average, my rate of success is 4-5 times greater than the recoveries the MCA space sees currently.

    I am an addition to a team, and not a 3rd party collections office. I act as, and am hired as a contract employee, communicating with each merchant directly as a member of the office and funds being paid directly to the office as well. Under usual circumstances when the in house team of a funder fails to collect, they send out to a 3rd party agency to collect upon or litigate. Usually the rate of recovery is very low and when actually collected, they take 30% or more off the top. I don't replace the 3rd party agency but come in before they would receive files. Both the number of defaulted files decreases dramatically as well of the actual cost of doing so. The bottom line is more funds are recovered for much less the cost and the funder has less files to send to a collection agency. This increases their cash flow and decreases write off's.

    As stated before, I'm extremely hungry, driven, and self motivated and can offer many references at the highest positions within the cash advance and lending space who will gladly attest to my claims. As a former owner of a collections agency years ago, I am more than aware of what type of employee collects upon MCA debt...young, inexperienced, and most importantly, un-knowing of the MCA space and without the ability to converse at an upper level in both language and knowledge of the law. These skills allow me to deal not only with the merchant, but their attorney or companies who they hire to try and settle debt at a fraction of the cost.

    It's analogous to what makes one sales closer better than the other using the same leads. Some simply have the skill sets to excel where others cannot, and I am fortunate to have proven this model for many years within my space.
    Last edited by Collection Specialist; 06-11-2016 at 03:01 PM.

  7. #7

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