| Markets Served |
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| Education |
| There
are literally trillions of dollars in unpaid debts in this country. Debts
that are choking retail stores, businesses and especially colleges and
universities. The U.S. Department of Education places delinquent student
loans in excess of $9 billion annually. This is in excess of the hundreds
of millions of dollars of unpaid institutional loans and accounts
receivable. The failure of students to repay these obligations further
jeopardizes the pool of monies available to future students. |
| At
ConServe, we do not believe that your institution should be jeopardized by
the refusal of some individuals to honor their financial obligations.
That’s why we’ve developed a results oriented debt collection program that
reduces accounts receivables, while preserving those all-important alumni
relationships. ConServe currently collects several hundred thousand
accounts for more than twenty-two hundred different funds on behalf of our
Clients. Our revenues are derived from contingency fees charged upon the
successful collection of those accounts.
So, our compensation is directly tied to the level of our success. |
| We
are pleased to announce we have met the requirements for
certification as a Third Party Servicer of federal student loans. As you
know, complying with the rigorous components of this federal audit is an
accomplishment that not many A/R management companies have achieved. In
fact, our original audit covers our fiscal year including the period
December 1995, the required start date of the audit. You
can feel confident that we have the people and processes in place to
service all of your collection needs. |
| By
specializing in the collection of higher education accounts, we have been
able to design and implement specific methodologies that have resulted in
collection rates that are among the highest in this industry. |
| DOE www.ed.gov |
| Dear Colleague Letters
http://ifap.ed.gov/IFAPWebApp/currentDPCLettersPag.jsp |
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| Telecommunications |
| Unpaid
debts are at an all time high in this country. Cellular telephone debt is
now expected to reach several billion dollars. Not surprisingly, similar
uncollected debt levels can be found in both the local and long distance
segments. |
| At
ConServe, we do not believe any business should be jeopardized by the
refusal of some individuals to honor their financial obligations. That’s
why we’ve developed a results oriented debt collection program that
reduces accounts receivables, while attempting to preserve those all-important
customer relationships. |
| By
specializing in the collection of accounts for local, long distance and
cellular telecommunication companies, we have been able to design and
implement specific methodologies that have resulted in collection rates
that are among the highest in this industry. Our revenues are derived from
contingency fees charged upon the successful collection of those accounts.
So, our compensation is directly tied to the level of our success. |
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Utilities |
| You
might be surprised to find that investor owned electric companies place
bad debt at an average of 0.44 percent of their revenues, this amounts to
tens of millions of dollars. Unpaid debts are slightly higher for publicly
held utilities that offer both gas and electric. At ConServe, we do not
believe that your company should be jeopardized by the refusal of some
individuals to honor their financial obligations. That’s why we’ve
developed a results oriented debt collection program that reduces accounts
receivables, while preserving those all-important customer
relationships. |
| By
specializing in the collection of accounts for utility companies, we have
been able to design and implement specific methodologies that have
resulted in collection rates that are among the highest in this industry.
Our revenues are derived from contingency fees charged upon the successful
collection of those accounts.
So, our compensation is directly tied to the level of our success. |
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| Banking/Retail |
| There
are literally trillions of dollars in unpaid debts in this country. Debts
that are choking organizations and businesses. Retail and bank debt
continues to climb, now totaling well over one trillion dollars. With over
500 million credit cards in circulation, consumer debt is expected to
continue to mushroom out of control. |
| At
ConServe, we do not believe that your company should be jeopardized by the
refusal of some individuals to honor their financial obligations. That’s
why we’ve developed a results oriented debt collection program that
reduces past due accounts, while preserving those all-important customer
relationships. |
| By
specializing in the collection of accounts for banks and retail stores, we
have been able to design and implement specific methodologies that have
resulted in collection rates that are among the highest in this industry.
Our revenues are derived from contingency fees charged upon the successful
collection of those accounts.
So, our compensation is directly tied to the level of our success. |
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| Medical/Dental |
| Until
very recently, there was something almost taboo about healthcare providers
or private medical practices collecting on unpaid medical or dental bills.
Although almost 220 million Americans have some form of health insurance,
personal healthcare expenditures are projected to reach an all time high
and providers can expect to be hit hard. Each year, hospitals are forced to write off
billions of dollars in bad debt,
mostly self pay balances. |
| That’s
why ConServe has developed a results oriented debt collection program that
reduces past due accounts, while preserving those all-important doctor
patient relationships. |
| By
specializing in the collection of accounts for healthcare providers, we
have been able to design and implement specific methodologies that have
resulted in collection rates that are among the highest in this industry.
Our revenues are derived from contingency fees charged upon the successful
collection of those accounts.
So, our compensation is directly tied to the level of our success. |
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| Commercial |
| The
number of bankruptcy filings in U.S. continues to increase each year,
reaching an all time high. When commercial lending institutions get hit
this hard, the engine that fuels business growth in this country is
seriously jeopardized. |
| At
ConServe, we do not believe that your institution should be jeopardized by
the refusal of some individuals to honor their financial obligations.
That’s why we’ve developed a results oriented debt collection program that
reduces past due accounts, while preserving those all-important customer
relationships. |
| By
specializing in the collection of accounts for banks and commercial credit
institutions, we have been able to design and implement specific
methodologies that have resulted in collection rates that are among the
highest in this industry. Our revenues are derived from contingency fees
charged upon the successful collection of those accounts.
So, our compensation is directly tied to the level of our success. |
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