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Payday Loan Collections

NEW!!! SCAN Payday Loan Collections Program Description

SCAN & A New Payday Loan Collection Solution

Beneath the popular myth about a cashless society, checks remain the dominant means of non-cash payment. Industry statistics show 200 million Americans have checking accounts and around 84% use checks as their primary method of payment, writing over 69 billion checks a year.

In the middle of this boom the Payday Loan industry was born. But there is a dark side. Ugly but true.

Sure, you may subscribe to one of the negative data base reporting services like Teletrack. If every payday loan operator in every locale accurately used these data bases you certainly have a chance of collecting your bad check funds; eventually.

But typically, you're left holding a rubber check. The loan was not big enough to justify hiring a private detective an attorney or engaging the services of an outside collection agency. So, you simply stick the bad check in your dead file and move on.

In the mean time, this former customer walks away with your money and does the same thing to someone else.

Accurate payday advance and check cashing bad check losses are difficult to gather statistics on. Successful operators tend to exaggerate their losses to dissuade new competition and less successful operators generally discount their losses out of embarrassment. Our findings reveal average operators are losing between 4% and 8% of their hard earned money to bad check writers.

These ugly statistics are why a new collections expert is making available to Payday Loan stores and check cashers a BIG muscled, negative check database called: SHARED CHECK AUTHORIZATION NETWORK or SCAN.

You may have never heard of SCAN but you've seen it in action. If you've ever gone into a Wal-Mart, Target, Costco, Sears, Macys, Smiths Supermarket, Brooks Brothers, Bloomingdales, etc. and bought something with a check you've had an encounter with SCAN.

You know the drill. The cashier takes your check and asks to see your drivers' license. She writes your number on the check, then the check is sucked up into the point of sale computer and is then spit out.

The whole process takes about 8 seconds!

In 8 a-m-a-z-i-n-g seconds your check was flashed to SCAN.

SCAN searched its King Kong sized database to see if you were in there. Of course you were not, but if you had been in there the cashier would have handed your check back to you and refused to accept it.

An example of what SCAN can do for your company:
"When I was the collection manager for a payday loan store in Albuquerque, New Mexico a few years ago, I wrote a proposal to my corporate office about using SCAN. The cost at that time was a flat fee of three hundred and twelve dollars a month. Anyway, we looked at the numbers. We had hundreds of old write off checks that were just sitting there in the files. Our average loan ranged between $150 and $500 dollars. We reasoned that if SCAN forced just three former customers to pay a month,it would pay for itself and give us back money that we had written off."

"Now I pursued civil actions on some accounts but I put all the accounts into SCAN. I got calls from old customers all over the country. The questions were always the same: "After I pay you? How long will it take for you to get me out of your system?"

"For 2 ½ Years I Maintained a Bad Check Collection Rate of OVER 70%."

If you use SCAN will you get those kinds of numbers? I can't promise you that you will. But I can promise you that your collection numbers will increase.

"Almost 4 years have passed since I worked for that loan company. I did some checking with SCAN and discovered that not a single Payday Loan company is using its service today, to collect bad checks."

FOR $20 PER MONTH YOU CAN GET SOME OF THOSE WRITE OFFS BACK.

Over 398 retail chains in 71,000 locations rely on the SCAN database everyday, 7 out of every 10 checks authorized in the United States are processed through SCAN.

SCAN gives you the power to control the bad check writer's ability to write checks.

You can use SCAN to find those run-away check writers anywhere in the United States. AND MAKE THEM PAY.

SCAN will boost your collection numbers.

SCAN allows you to quickly and easily go after those bad check writers who come to your store or take your money over the internet.

Of course I can hear some of you say, "Well I'm already using a bad check database called T----K".

T----K is a good database. I have used it from time to time to help me enforce judgments. But T----K is a Subprime consumer database. It monitors high risk consumers who live on the other side of the tracks. But when these consumers stop using furniture rental stores, high risk credit cards, and C & D Mortgage loans, they tend to slip off of T----K's radar.

"For $20 a month and a 30 cent transaction charge I can give you access to a system that processes 3.5 billion checks a year."

WHAT CONSUMER AFFAIRS SAYS ABOUT SCAN:
Consumer Affairs: SCAN WILL GIVE YOU THE MUSCLE TO REACH BAD CHECK WRITERS WHERE THEY LIVE, WHERE THEY SHOP, AND WHERE THEY EAT.

Plus 370 others! Plus 7 out of every 10 Banks in the country.

For $20 a month and a 30 cent per check transaction fee you can submit your checks to me and I will enter them into the SCAN database. When the debtor calls I can collect the payment or refer him to you. After the payment is received it will be my responsibility to delete the debtor's from SCAN.

MULTIPLE STORE OWNERS CONTACT US FOR SPECIAL RATES

IRONCLAD GUARANTEE IN WRITING

I unconditionally guarantee the SCAN database in black and white. You can sign up risk-free, even if you are simply curious. If your collection numbers do not rise within a 30-day period I will return your $20 dollar fee-No Questions Asked. However, I suggest you order at once. As much as I'd like to, I cannot guarantee the special low price for much longer. This special introductory offer is a limited price test. The price will soon be substantially higher.

Sincerely,
Jacquline,
Your Collections Specialist

If you desire more information regarding SCAN to improve your collection efforts and you would like to receive a FREE Monthly Collections Newsletter from Check Data Sysytems, provide your contact information.

Trihouse Enterprises, Inc.
1516 E. Tropicana
Suite 150
Las Vegas, Nevada USA 89119-8316
702-889-9555 Office

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