Did you know that collection agencies do much more than collect debt? They are also involved in their communities through charities; they go through extensive training programs and are well versed in the laws pertaining to collections.
In the United States, collection agencies accounted for over 302,000 jobs in 2011, according to an ACA International survey by Ernst &amp;amp;amp; Young. These employees helped their agencies to recover a total of $54.9 billion to the economy.
Most reputable agencies belong to ACA International, which has a focus on training, laws and financial education. They also have their own “Code of Ethics” and Collectors pledge which goes above and beyond actual laws to ensure consumers are dealt with fairly and professionally.
At American Profit Recovery our team is made up of college educated, highly trained professionals. We pride ourselves on treating clients and their customers with respect and revolving debt quickly.
In 2012 in the US, according to the Council of Better Business Bureaus, third-party collectors resolved 86% of the consumer complaints received. This is significantly higher than the national average of 77% for all other businesses.
Charity and Volunteer Work
Massachusetts Collection Agencies contributed 886 thousand dollars and 7,900 volunteer hours to local charities.
At APR we are annually involved in very involved in Adopt-A-Family for Christmas and participate in the Making Strides Against Breast Cancer Walk. Also, our employees take part in our APR’s Charities of Choice, where employees spend the summer raising money for charities of their choosing.
As you can see there is a lot more to collection agencies than collecting debt.
To learn more about APR and the charities we are involved with go to our website at americanprofit.net