From: john brown (brownjo@bc.edu)
Date: Thu Jan 13 2000 - 12:40:09 EST
I would be careful on this one - I would not recommend putting that
kind of money up front. If they are only charging 10%, you're going
to get 10% worth of effort. What guarantees do you have in recovering
your up front money. John Brown
On Thu, 13 Jan 2000 11:54:38 -0500 Todd Sparrow <tsparrow@uop.edu>
wrote:
> Good Morning,
>
> The University of the Pacific (Stockton, CA) has been approached by a
> collection agency that has a pitch that I feel is a little strange.
>
> The agency is National Revenue Corporation out of Ohio. They are offering
> to perform collection services for 10%. The catch is that they want
> debtors that are just 30 days past due. They wouldn't come out and say it
> but it appears that they are trying to provide an outsource solution to
> internal collections activities. Another "catch" was that they wanted
> either $9,000 or $18,000 up front to start working accounts. (??)
>
> Has anybody heard of these folks? I would be interested if you have.
> Better yet, if anyone has a working relationship with them, what are your
> thoughts.
>
> Thanks,
>
> Todd Sparrow
> Bursar
> University of the Pacific
> 209-946-2662
> tsparrow@uop.edu
>
----------------------
John G. Brown
Team Leader, Financial Services
Credit & Collection Specialist
Boston College
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