Commercial Lending

Commercial loans and Equipment Finance Collection Experts

commercial lending

Overview

Since 1993, First Credit Services (FCS) has recovered millions of dollars for businesses of all sizes, across an array of industries and debt types. Through our hard work, experience, and a dedication to training and retaining the best agents our recovery rates are some of the best business. Whether you would like us to support your in-house commercial debt collection efforts or handle all of your aged receivables, we are the right agency for you.

If you are spending valuable time making phone calls, sending letters, and emails and your customer is ignoring you, you’ll likely not get paid without utilizing a collection agency with legal services. FCS offers the best of both. Our strategy is twofold, first try to resolve the debts by reporting companies and when possible the owner to the credit bureaus and D&B. This can be very effective and by not involving lawyers our clients will recoup a larger percentage of the debt. Unfortunately, not all debt is recovered in this stage and it becomes necessary to file suit. With a network of lawyers in all 50 states, FCS waste no time in initiating legal action for our clients.

Drastically reduce your
bad debt with early intervention

First-Party (Early Stage Collection)

A substantial portion of your bad debt could have been prevented with an early intervention strategy. FCS’s First-Party services takes over your recently delinquent accounts and initiates a friendly and consistent follow up process. Our OmniXp platform enables us to connect early with your past due accounts and work with them to find the appropriate resolution. Our client’s customers appreciate the way we empathize with their unique situations and work with them to get back on track.

Our First-Party Services:

  • Acts as an extension of your AR department.
  • Presents itself as members of your team, not First Credit Services.
  • Scales easily to the demands of your department.
  • Seamlessly integrates with your systems.
  • Opens communication lines with our OminiXp platform
  • Improves customer relations, lowers roll rates, and reduces delinquencies.

When early invention doesn’t work

Third-Party (Late Stage Collections)

If you are spending valuable time making phone calls, sending letters, and emails and your customer is ignoring you, you’ll likely not get paid without utilizing a collection agency with legal services. FCS offers the best of both. Our strategy is twofold, first try to resolve the debts by reporting companies and when possible the owner to the credit bureaus and D&B. This can be very effective and by not involving lawyers our clients will recoup a larger percentage of the debt. Unfortunately, not all debt is recovered in this stage and it becomes necessary to file suit. With a network of lawyers in all 50 states, FCS waste no time in initiating legal action for our clients.

"Our portfolio recoveries have improved by 35% since bringing on First Credit Services, we look forward to a long-standing relationship!"

VP of Collections – Equipment Finance Company

"We are extremely happy with our decision to go with FCS to handle our early-stage delinquencies. They’ve been able to scale up and down with the ebbs and flows of our business, allowing us to focus on what’s most important, our members' experience in the clubs."

CFO – National Health Club Chain

"We are extremely happy with our decision to go with FCS to handle our early-stage delinquencies. They’ve been able to scale up and down with the ebbs and flows of our business, allowing us to focus on what’s most important, our members' experience in the clubs."

CFO – National Health Club Chain

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