CF OPTIONS INC.
A top Michigan winter apparel manufacturer was almost out of business, not because they did not have sales, it was their client base not paying on time, or not at all. Unfortunately, they were on the verge of bankruptcy.
Upon retaining a collection professional, their non-paying customers knew they were serious about accounts payable. The company determined who they should extend additional credit to, but more importantly, who they should not. The amount of collected past due bills increased cash flow. The company got over the hump without any of their employees spending valuable time or effort on past due accounts.
A surf shop in Stuart, Florida was in the practice of accepting personal checks from their customers. Enough of these personal checks bounced to put a serious financial strain on the shop. Their staff could no longer keep up with, or collect, these outstanding debts. It was overwhelming and the local surf shop was going under water.
Upon retaining a professional collection agency like CFO, non-sufficient funds (NSF) checks are collectible. The surf shop's staff now concentrate on sales and building their core business.
We maintain a national network of expert, therefore, we have positioned ourselves as one of the leaders on the collection process. Maximizing time and allowing your staff to focus on sales, not collecting past sales receipts, save your business.
An upscale Atlanta landlord was losing an exorbitant amount of money from previous tenants skipping out on rent owed and money they had to spend to repair the damage some tenants created. They were considering liquidating all of their real estate holdings to avoid future headaches.
We are performance based, therefore, our fees are only assessed upon collection. We enact every possible legal manner conceivable for successful collections of past or delinquent debt. Once this company could free themselfs of the burden of collections and publicized that they were serious about past leases and expenses, current tenants realized by word of mouth they must be financially responsible.