The creator of Collect911 portal, Sunny (Sachin), has 20 years of experience in the US collections industry. He is currently serving as a Business Development Partner with Kinum Collections. This blog is used to share my knowledge about the U.S. collections industry and to get in touch with businesses looking for debt collection on their past-due accounts.
The name “Collect911” represents the urgency to collect money from past due accounts.
Certain things are unique about Kinum collection agency – their collection rates are far above the industry average, Accounts purchased from Kinum never expire, They send out demands in colored print, they do litigious debtor scrub” and offer combined pricing for “Step 1 and Step 2” services resulting in significant cost savings for our clients. Sachin’s official page on Kinum’s website is located at this URL: kinum.com/sachin-goyal/
My Background and Message:
Academically, the founder of Collect911 is an MBA (PGDBA) graduate plus an Engineer (undergrad). I grew up in a family of doctors, starting from my dad who is a pediatrician, my uncle, and even my sibling, who are all doctors.
The medical profession may seem completely rosy to other people, but the fact is even though this profession it’s rewarding financially, it is extremely challenging and stressful. Cash flow management is an issue that most doctors face and I am here to help. My consulting services are completely free for you.
The biggest void in the collections industry is the lack of knowledge and transparency. A large percentage of consumers know just this “Once we assign an account to a collection agency, they will start working on it to recover my money and keep some collection fees for themselves“. The fact is that collection agencies offer a wide variety of services. As a consumer, you should understand which service is the best for you or which collection agency to go with.
May be a consumer is able to collect a $1000 outstanding debt by using the collections letters service which costs only $15 per account, rather than opting for collection calls on which a collection agency charges up to 40% – 50% of debt collected.
Do you know whether or not your collection agency will run background checks like “Change of address” or “Bankruptcy screening” or “Skip Tracing” ? Do they offer some kind of a performance guarantee? Do they have an online portal where you can see the latest status of the collection activity on the accounts you assign? Are they PCI compliant – this means is your data and your debtor’s personal/financial information safe? Can you transfer an account from Collections Letters to Collection Calls conveniently? If the debtor pays you directly, how fast can they stop the collection activity? The list goes on and on … !!
There is an astronomical list of articles and videos on the internet informing debtors on how to dodge collection agencies or creditors and avoid making payments. None of the videos I have seen are comprehensive or explain the repercussions of not paying the debt in a timely manner or even the damage it can cause to the debtor’s credit history.
Collect911 is not a collections agency by itself but an affiliate of Kinum. If you have any questions contact us at [email protected] or call us toll-free at 1-(888) 885-4686 | Email: [email protected]