Powerful Ten-Day Final Demand
- FMCA’s Ten-Day Final Demand has been proven to be a very effective tool. Failure to pay will result in collection activity and reporting the debt to the FMCA Membership and the major credit bureaus. There are no fees for any payments received during the 10-day final/free demand period. Many of our Members are getting great results with the Ten-Day Final Demand!
- Once the 10 Day Final Demand period is expired, FMCA reaches out to the member to see if they want full collection efforts to commence on the account. At that time, the member can withdraw the account for any reason. No demand goes into collections without the member’s authorization. Members may also choose to submit a claim for immediate collection efforts to commence
- Ten-Day Demands are not reported to the FMCA membership or to business credit bureaus. Only claims that are in the full collection process are reported.
The Ten-Day Final Demands help you wipe out Past Due Balances
Home Furnishings Industry Specific Collections
FMCA provides the most professional, cost-effective collection services in the industry. Our seasoned collections staff exists for FMCA Members and specializes in the timely, aggressive, and effective collection of claims. Our collections professionals know their trade well and have had previous experience with many dealers in the home furnishings industry from prior collection efforts. Our powerful collections tools include:
- Reporting placements to all FMCA members
- Reporting our placements to the business credit bureaus of D&B and Experian at month end
- Offering private investigator onsite visits from a national network of private investigators to a debtor's location. The investigator takes pictures, delivers a demand notice by hand, and sends a report to FMCA that is provided to the Member. This powerful and economical tool often gets the debtor’s attention and brings about a successful recovery.
- We accept credit and debit card payments from debtors, as well as ACH and check by phone.
- Members have 24/7 access to claims status and updates, listing of dealers that they report on that have been placed for collection, and a listing of claims placed with FMCA over the past 45 days.
