Credit Center LLC
7 Finance Drive
Danbury, CT 06810
203-792-0220
Specializing in receivables management since 1967
Americheck
Check Recovery - Powered by AMERICHECK
The AMERICHECK solution is simple, effective, and free! By law, the costs are passed on to the check writer. (Posted note on most check registers of fee) AMERICHECK can recover your returned checks at no cost to you and without investing the time and effort of your personnel. How? Simply authorize your bank to forward all returned checks directly to AMERICHECK. We contact the writer of each returned check using a program of persuasive letters and courteous telephone calls. With typical success rates of 80% or higher, we will recover the full face amount of the check and remit payment to you at the end of each month. We will also collect a service charge fee from the check writer which covers our fee. Our ability to electronically (and legally) represent the checks in a cost-effective manner significantly improves our recovery rates.
No contract is necessary, your organization retains complete control over your returned checks at all times - simply contact your bank and have the returned checks redirected back to your office if you are ever unsatisfied - you have nothing to lose. We understand the importance of retaining your customers. All recovery efforts are conducted with that in mind.
Retailers have trusted our experienced and trained staff to solve a common problem relating to the receipt of bad checks. Our historical bad check recovery rates are in access of 87%. Retailers receive 100% of the face value of the recovered check revenue while all service costs are transferred directly to the check writer.
FEATURES
Americheck Has 45 Years Of Check Recovery And Collection Experience
Americheck Is Licensed And Fully Insured To Perform Check Recovery
NSF Checks Are Forwarded to Americheck Directly From Merchant’s Bank
Professional Check Recovery Is Provided To The Merchant At No Cost
Recovery Services Are Paid By Check Writers Via A $20.00 Service Charge
Check Recovery Services Can Be Followed By A Regular Collection Program
Americheck Complies With All Applicable Statutes Including FDCPA And FCRA
Americheck Will Remit Monthly The Full Face Value Of All Recovered Checks
Merchant Agrees To Post Americheck Sticker As Notice Of Service Charge
Merchant Agrees To Monthly Remittances Net Of Any Fees Due Americheck
Americheck Requires No Annual Membership Fees Or Long Term Contracts
Americheck Provides Performance Reports and Remittance Advice At No Cost
BENEFITS
Americheck Check Recovery Services Increase Merchant Cash Flow And Profit
Americheck Eliminates The Expense And Effort To Recover Returned Checks
Americheck Builds Business Goodwill With Courteous Telephone Demeanor
CHECK RECOVERY PROGRAM FLOW CHART
1 - CHECK WRITER:
Check writer presents check to Retail Merchant
2 - RETAIL MERCHANT:
Retail Merchant deposits check with the Bank
3 - BANK:
Bank returns dishonored check directly to AMERICHECK
4 - AMERICHECK:
AMERICHECK recovers the face amount of the check from the check writer plus a $20 service charge
5 - CHECK WRITER:
Check writer pays the full check amount, plus the $20 service change directly to AMERICHECK
6 - AMERICHECK:
AMERICHECK reimburses Retail Merchant for the full check amount
CHECK RECOVERY PROCESS
DAY 1 - AMERICHECK receives returned checks directly from client's bank
DAY 2 - AMERICHECK assigns a unique number to each account and enters it into our collection database
DAY 3 - AMERICHECK acknowledges checks received via electronic or hard copy report to client
DAY 4 - AMERICHECK mails validation first notices with full miranda warning
DAY 7 - AMERICHECK places courteous telephone calls that begin with "mini miranda" disclosure
DAILY - AMERICHECK received return local and/or toll free calls from check writers
DAILY - Debtor payments accepted via credit card, debit card or check draft
DAILY - Notices returned due to incorrect addresses are skip-traced and re-entered into database
WEEKLY - Telephone contacts are attempted weekly throughout the check recovery process
WEEKLY - Clients are asked to fax payment form to AMERICHECK listing payments received
MONTHLY - AMERICHECK mails detailed invoice statement to client with remittance check
DAY 32 - AMERICHECK mails second notice advising that account remains past due
DAY 60 - Delinquent accounts are transferred to CCI for regular collection follow-up
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