All checks that are deemed uncollectable by electronic means are sent a final demand notice that includes an image of the check. Several compelling reasons are given to the checkwriter to incent their prompt response. Numerous payment methods are made available making payment the easiest solution for the checkwriter.
Checkwriters who fail to pay from the final demand are then systematically forwarded to a series of law firms that specialize in the collection of bounced checks. While these items typically represent the "bottom of the barrel" with regard to the checks' collectability, we realize positive results 2 to 3 times that of traditional collection recovery efforts.
Not only does CybrCollect endeavor to provide the fastest and highest returns on your bounced checks, we also provide a service that eliminates your bank bounce fees. Many merchants pay from $8-$38 per bounced check. With ExpressReturns, merchants pay only a $2 electronic return fee and their items are received by CybrCollect up to a week faster than with traditional routing. As everyone knows, "time is money" when it comes to collections. Statistically, a check recieved 7 days sooner is 10% more likely to be collected.
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