Hire a debt collector that costs nearly $3.15 for each demand sent to your debtor. The cost of paper, envelope, printing, mailing and several additional services mentioned below are included. There are no surprises, it’s a fixed fee service, and your debtors pay you directly. My services will also free up the time of your in-house staff. Contact us for any questions.
Here is the best part:
➤ Most clients can write off this cost as a business expense in taxes after consulting their accountant.
Serving thousands of clients nationally. Highly rated on Google, 4.8 out of 5 stars, with hundreds of client reviews, including Medical practices, Small businesses, Utilities, Dental offices and Large Corporations.
What will I do? (I = Kinum)
➜ I will work on 100 delinquent accounts and send five tactical collection letters for each account. ( 1 account = 5 contacts made to your debtor)
➜ My collection demands are very impactful. These two-letter words “Collection Agency” have a strong impact on debtors, like when you are speeding & you see a “Cop”. You suddenly slow down & start following rules. They are far more likely to pay when they get demands from me versus when you were collecting yourself.
➜ You can assign these accounts to me at your own pace. (in 6 months, or 1 year, or 2 years or more .. there are no expiration dates on account purchased)
➜ I will do these additional screenings on each account at no extra cost.
➤ Has your debtor filed for Bankruptcy?
➤ Litigious defaulter check: If your debtor has a history of filing lawsuits on businesses like yours, I will inform you and protect you by close that account.
➤ Address Check: People move all the time. I will check if USPS has a new address for your debtor. If so, I will send demands to that new address.
➜ I can send these letters in Spanish or English (your choice).
➜ All these letters are attorney approved.
➜ If there is a mail return, I will inform you.
➜ I am legally compliant with Local and Federal laws. All my services are HIPAA, FDCPA and FCRA compliant (including the latest REG-F laws). I can work in all 50 states.
➜ I can contact your debtors in one of the following three ways (your choice)
➤ First Party contact series: Five reminders sent under your name (2 automated phone calls, plus 3 written reminders). No 3rd party name is involved.
➤ Third Party contact series: All five demands are made under the name of Kinum collection agency. (Default service).
➤ Hybrid series: One reminder letter under your name, followed by four demands in the name of Kinum Collection Agency.
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Process of assigning these accounts
➜ I will provide you with a secure online portal (SSAE 18 SOC 1 Type 2 data security compliance Certification). You can either enter accounts one-by-one or send a batch of accounts using an excel spreadsheet.
➜ You will be able to monitor my collection activity online – 24/7.
➜ Provision to stop collection activity on any account. You can also post payments and run performance reports at any time.
What I need from you
➜ Keep backup documents handy for all accounts submitted to me. These could be signed contracts, invoices, and other documents that prove the legitimacy of the debt.
➜ Promptly update me of any payments made to you by debtors so that subsequent letters go with the correct balance. If it is Paid in full, I will stop sending more demands and mark the balance as zero.
What I won’t do in the fixed fee service?
➤ But, I handle these tasks in the “Verbal Demands” service mentioned later in this article.
➜ I will not make personal phone calls to the debtors.
➜ If a dispute is received, I will mark that account as disputed and let you directly deal with the debtor.
➜ I will not do Credit Bureau reporting in this step.
Finally – How much do I charge?
Your total out-of-the-pocket cost to hire me: Only $15.75 per account for 100 accounts. 5 Contacts per account!So for nearly $3 per contact, I bear the cost of Paper, Envelope, Printing, Mailing, and many other additional services mentioned above. My price drops as low as $1.50 per contact ( BEAT THAT !!) Businesses these days are short-staffed. Let your in-house staff work on their core job responsibilities while I work on your accounts receivable. Your in-house recovery costs are multiple times more than the cost of my service. Most collection agencies hate my service since they cannot even come close to the price I am offering here. Traditional agencies typically offer only contingency-based collection services. There are no surprises, as your cost is fixed. Assign accounts once they are 60 to 120 days past due for maximum recovery. |
Other Packages that I offer
The cost per account decreases if you need more accounts ( and vice versa).
Order Now – Select your preferred package |
What if an account remains unpaid after five demands?
➜ Many of your debtors will require that extra effort. They can be transferred for intensive collections (Verbal Demands).
➜ I will call your debtor multiple times to recover your money.
➜ Verbal demands is a contingency fee service. This means I get paid only when I collect. No recovery means No fee.
➜ You get 60% of the amount collected, and I keep 40%.
➜ All calls to clients are recorded and randomly reviewed for Quality Assurance and compliance.
➜ We can also do Credit Reporting on these accounts (if you want).
➜ If a dispute is received, I will take appropriate action based on the nature of the dispute and the backup documentation provided by you.
➜ You sit back and relax. Even if a debtor calls you to make a payment, tell him to contact me.
➜ I deploy some pretty advanced tools to recover money (including Skip Tracing).
➜ If everything fails, I can refer this case to a lawyer after getting your permission.
My recovery rate is way higher than the industry average.
As you might guess, there are clients for whom I have collected 100% of their debt. There are others for whom I have collected nothing. I deploy several highly effective tactics to recover your accounts receivable.
I put “people” before numbers & profits. Backed by a team of the finest professionals with decades of experience in the debt collection industry, I am eager to start collecting for you.
“I”, “we” and “us” in this article refers to “Kinum Inc.”, The Smarter Collection Agency. We are recovering almost 2 million dollars each month for our clients ..( as of Aug 2022 ).
(Representational image – pixabay)
Frequently Asked Questions
How much does it cost to hire Kinum for debt collection?
Kinum offers fixed-fee demand packages starting at $15.75 per account (5 contacts per debtor), allowing you to keep 100% of recovered funds. For older or resistant accounts, Kinum provides a contingency collection service at 40% with no upfront fee if nothing is collected.
Are your debt recovery services HIPAA and FDCPA compliant?
Yes. Kinum is fully compliant with FDCPA, Regulation F, FCRA, and HIPAA regulations. We provide a signed Business Associate Agreement (BAA) for healthcare placements and maintain SSAE 18 SOC 1 Type 2 data security certification.
Can delinquent accounts be reported to credit bureaus?
Yes. Authorized accounts placed in our contingency collection track (Step 3) can be reported to Equifax, Experian, and TransUnion in compliance with FCRA standards and medical debt reporting rules.
What happens if a debtor doesn’t pay after the 5 fixed-fee demands?
Unpaid accounts can seamlessly escalate to our Step 3 contingency verbal demand service where collectors make direct calls. If still unresolved, accounts can be evaluated for legal referral through our national attorney network.