We understand that handling accounts receivable is never on the top of someone’s to do list. That is why we want to make placing accounts with First Financial Resources, Inc. as simple as possible. Accounts can be uploaded as a file or submitted individually through our secure web portal, SFTP, and by fax or mail.
With the utilization of the latest technologies, First Financial Resources, Inc. can locate nearly anyone or any business across the globe. Ranging from a new address or phone number to asset verification, deceased statuses, and bankruptcies First Financial Resources, Inc. can acquire the information needed to get an account resolved.
In the event that our agency is unable to collect on an account within our first stage of collections, First Financial Resources, Inc. can report a qualified account to the national credit bureaus as a data furnisher. With prior authorization, First Financial Resources, Inc. can place a derogatory mark on a consumer’s credit report. Such a mark can stay on a consumer’s report for several years, which may affect the consumer when trying to do business with lenders, credit grantors, etc.
Once an account has been deemed uncollectible by one of our account specialists, it is evaluated for legal action. Balance size, age of the account, confirmation of demographics and assets are all factors that will be researched prior to determining whether an account is eligible our legal program. If authorized, First Financial Resources, Inc. will forward an account that is recommended for legal action to a bonded collection attorney. The attorney continues to work on the client’s behalf even after a judgment is obtained—we emphasize the pursuit of assets through post-judgment litigation.