Are you having trouble collecting past due accounts? Put VALIDATE to work for you. With our fast, easy, and professional system of reporting delinquent consumers, you can be on your way to reducing your aging A/R in seconds.
HOW VALIDATE WORKS
Step 1:
Become a member of VALIDATE.
Step 2:
Login with your secure Username and Password.
Step 3:
Click on "Report" to report either a consumer or business.
Step 4:
Select which level of report you wish to initiate:
Friendly Reminder Letter: This is to inform your customer of their past due balance. It also notifies your customer of your right to report them to a credit reporting agency if their debt remains unpaid. It is professional, yet direct in requesting payment.
Intent to Report Letter: This is to notify the consumer that they have been put on notice with a credit reporting agency and unless payment is made within 14 days, they will be listed as delinquent on a national database. Reported consumers that do not pay within 14 days of this letter remain listed and searchable for up to 7 years on the database. This is very persuasive and effective. Over 65% of consumers pay within the 14 day period to avoid negative information on their credit report.
Step 4a:
Notification of Action Letter: In the event the reported customer does not make payment within the 14 days, it is required that they are given notice of negative action against them. This letter is sent through VALIDATES automated system and informs the customer of their rights under the FCRA. This letter will also inform the customer how to dispute the debt if they feel it has been made in error.
Step 5:
Track consumer case status in a clear and manageable format, through your VALIDATE dashboard. Update consumer debt as you get paid, and monitor when your customer has been notified of their delinquency via the U.S.P.S. tracking system.
