debt collection merchant account

Are  you a debt collection agency that needs to accept payments from  debtors?  You’ve landed in the right spot.  Easily accept credit / debit  cards, ACH, and echecks online, by phone, mail, and via mobile devices.

Debt collection agencies in all industry segments are welcome to apply including:

• Student Loan Debt Collection
• Debt Collection for Lenders and Loan Service Provider
• Debt Consolidation
• Health Care Medical Debt Collection
• Installment Lending Debt Collection
• Payday Loan Debt Collection
• Personal and Commercial Debt Collection
• Debt Collection for Auto Lenders, Title Lenders, Mortgage Lenders
• Debt Collection for Memberships / Subscriptions
• Any Business that Collects Payments from Debtors

Electronic  payment processing automates collections of receivables & improves  cash flow.  Recurring billing plans are a standard feature on all  accounts.  Recurring payments make it convenient for debtors to pay you  on a regular basis.

Is  there a need for debt collection agencies?  You bet there is.  Industry  growth is escalating as US consumers continue to borrow money without  thinking about how to pay it back down the road. 

The average  American household carries $7000 in revolving credit card debt a month.   Americans with student loans owe an average of $48,000. 

Overall,  Americans owe $1.3 trillion in auto loan debt, $1.4 trillion in student  loan debt, and $9.1 trillion in mortgage debt.  You can easily see the  reason US household debt load averages $136,000.

The increasing  cost of living combine with high credit card interest rates &  student loan burdens put the squeeze on debtors.   Miss a few payments  and the debt is referred to collection agencies that work on behalf of  the banks and creditors to get the money that is owned to them.

Debt  collection agencies need smoothly efficient merchant accounts systems  to maximize profits.  Along with recurring billing plans that make it  convenient for debtors to repay on a regular basis.