Re: bursar-l: FW: Re: National Revenue Corporation

Dear Colleagues,
 
Is it appropriate to use the bursar list serve for a sales pitch?
 
Loretta
 
Loretta Chrzan-Williams
Director, Student Accounts
Monroe Community College
1000 East Henrietta Road
Rochester, New York 14623
585-292-2015
 

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________________________________

From: bursar-l-bounces@list.mail.virginia.edu
[mailto:bursar-l-bounces@list.mail.virginia.edu] On Behalf Of Pete
Blozis
Sent: Tuesday, October 16, 2007 2:43 PM
To: brownjo@bc.edu
Cc: wilburg@matrix.newpaltz.edu; bkronise@ppc.edu; jwalsh@smcvt.edu;
robertas@lincoln.treasurer.ohio-state.edu; LjuticP@newschool.edu;
bursar@ppc.edu; bursar-l@virginia.edu
Subject: bursar-l: FW: Re: National Revenue Corporation

John, I ran across your comments below about National Revenue
Corporation.

 NCO, an 80 year old business & the #1 agency in the country (see
attached) acquired NRC because of this unique proven workable approach,
rather than trying to duplicate it. This approach is much different than
contingency collections.

 I'd like to comment that while you are absolutely correct about the
approach as out sourcing of AR to reduce internal labor costs and cut
down significantly on bad debts.

This is done by salaried folks working the accounts early when they are
still collectable and thus the lower cost. And if your university
documentation allows for the collection fee to be borne by the
debtor.......then that collected account has cost you nothing.

You pay money to cover the salaries, just like you do today with your
people. But the money gives you guaranteed collections, unlike your
staff who won't give you a guarantee.

Your statement about paying $9000 or $18,000 isn't quite correct. You
decide how many future accounts you want to run through the service and
pay accordingly. And the costs, without the collection fee being added
will normall run around 6 to 8 cents per collected dollar. I'll attach
just one clients comments who has been with us for several years. Also
an independent article about how doctors should turn their accounts over
early when they are still collectable.

If you are interested, I'll handle your account as I have 18 years of
experience. Just let me know.

I

Pete Blozis, MBA, CDP, CRMS

Certified Receivables Management Specialist
Regional Manager
NCO/NRC
San Antonio, TX
210-820-2666
email: Pete@NCOTexas.net <mailto:Pete@NCOTexas.net>
web: www.NCOGroup.com <http://www.ncogroup.com/>

We Can Virtually Eliminate Your Slow Pays & Delinquent Receivables

>>> john brown <brownjo@bc.edu
<mailto:brownjo@bc.edu?Subject=Re:%20National%20Revenue%20Corporation> >
01/13 12:40 PM >>>
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
<mailto:tsparrow@uop.edu?Subject=Re:%20National%20Revenue%20Corporation>
>
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
<mailto:tsparrow@uop.edu?Subject=Re:%20National%20Revenue%20Corporation>

>

----------------------
John G. Brown
Team Leader, Financial Services
Credit & Collection Specialist
Boston College

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Received on Wed Oct 17 12:12:15 2007