JewelersAlert.com announced Wednesday the recent launch of Jewelers Alert Collection Corporation, a licensed debt collector service created to serve the diamond and jewelry trade in the US.
In addition to traditional methods of tracking debt collections such as telecommunications, email, mail and fax, JACC’s methodology also includes reporting to credit bureaus, skip tracing and the use of fully licensed attorneys. They also provide weekly remittance reporting to creditors detailing recovered funds.
JACC charges a 10% fee on recovered debt, compared to 15% of traditional debt collectors.
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