PosItive Collections

POSITIVE COLLECTIONS + CREDIT REPAIR = TOTAL ECONOMIC RECOVERY

THIS IS A NEW TIME. Our American economy is struggling toward economic recovery from a long, worldwide recession – one which damaged millions of consumers and corporations. In this new time, banking strategy is undergoing major changes . . .

. . . The “new” bankers are struggling to discern better methods to invest wisely and to collect bad debts. Likewise, creditors in retail industries are anxious to collect bad debts and generate more new business from old customers.

In this new time, creditor arrogance is an unproductive luxury. Debtor guilt is ineffective in the marketplace; no longer a viable tool in the management of attitudes and actions.

These past few years of severe recession have affected upwards of 70 million consumers – roughly ONE IN THREE AMERICANS!(Source: “Facts on File,” Vol 42-3) These good people have experienced such bad times that they have been hardened, like steel, to threats against the survival of their families. They don’t respond to threats
-they’ve already been threatened. But now that the good
Times are coming back, these Americans do respond to opportunity. They want to participate in the financial mainstream. They want to be trusted with credit. They need a second chance.

These new Americans will not be bullied. Will not be fooled. And they will not be denied.

THE PROBLEM:
In Washington, D.C., a 1983 General Accounting Office (GAO) study on the reasons for the increase in personal bankruptcies found they “were the result of the general downturn in the nation’s economy, high inflation and unemployment, recession and an overextension of consumer credit.”

The GAO found that one of the major factors that influenced bankruptcy was THE THREAT OF CREDITOR ACTIONS. “Creditor threats or notification of legal action
‘Greatly influenced debtors’ decisions to file bankruptcy.”

While the number of debtors filing bankruptcy tops
500,000 annually, as many as ONE IN THREE AMERICANS has, in the past seven years, experienced some kind of credit problem reflected on credit reports.

Although many of these experiences were out of the debtor’s control, the debtor, spouse and family are effectively shut out of the financial mainstream, denied housing, automobiles, and needed school clothing, even job pro­ motions. And. of course. These consumers suffer the stigma of creditor mistrust in a credit-oriented society.

ALL ARE VICTIMS:
In many ways these consumers and their families are “Victims” of social movements beyond their control.

But likewise their past creditors are “victims” of the consumer’s failure to pay legitimate debts. The creditor has been wronged and deserves to be made whole.

Moreover, the creditors are doubly injured because not only do they lose money on the unpaid debt, they also lose the opportunity to serve the consumer again and again and thereby make additional profits from an established customer.

THE TELTRANS® SOLUTION:

TELTRANS CREDJT® offers to consumers, nationwide, a service in which clients who have had such common credit problems can work to correct the mistakes of the past and clean up their credit records and reputations and once again enter the mainstream of American financial society. This is called “Credit Repair®.”

The TELTRANS SOLUTION combines its program of “Credit Repair®” with the concept of “Positive Collections®” to effect a Total Economic Recovery. Here’s how this aggressive solution works:

“POSITIVE COLLECI’IONS® “:

In this program, cooperative creditors, desirous of re­ capturing monies previously written off as uncollectable, permit the delinquent debtor to pay back the money owed on a regular schedule, and, after the debtor’s new demonstration of ability and willingness to pay, then upgrade the debtor’s credit profile to reflect the new, more positive credit experience, and extend a new. Cautious credit relationship to the debtor. In many cases, even bankrupt clients choose to repay their discharged debts
– An unusual bonus for creditors!

THE NET EFFECT TO THE CREDITOR is the recapture of monies previously lost and the recapture of a good paying customer to whom additional goods and services may be sold. Creditors also realize an enormous savings in reduced legal and court costs and collection fees.

THE NET EFFECT TO THE DEBTOR is the satisfaction of outstanding debts, the upgrading of the credit record (when such debts are satisfied), and reentry into the mainstream of credit society.

A COMPARISON:
NEGATIVE COLLECTION efforts concentrate on threats, intimidation, and guilt, denial of privilege and loss of self-esteem. And the forum for these belabored efforts is an already overcrowded civil court system.

POSITIVE Collection® efforts utilize the consumer’s internal desire to be “clean “and “acceptable “and to have the privileges of credit available again. Positive Collections concentrates on education, reparation, pride, accomplishment in the satisfaction of debts, restoral of privileges and regaining of self-esteem. And in Positive Collections® the debtor and the creditor’s staff can stay at work and be productive instead of idly bickering in a crowded courtroom.
The TELTRANs® method works because our clients also receive CREDIT EDUCATION. Isn’t it about time debtors learned how to fill out an application properly? And wouldn’t it be great if debtors learned how to maintain good credit, how to best interact with creditors, and what to do if a problem does arise? This special educational component makes Credit Repair® viable and makes Positive Collections® possible.

DOES THIS MEAN INACCURATE CREDIT REPORTS?
Most certainly not. First, we must remember that ratings on credit reports come from individual creditors them­ selves, not the credit reporting agencies. Account histories are maintained for 7+ years and act as a motivator to debtors to restore their creditor relationships. But when a once delinquent debtor has renewed his relationship with his creditors, his new, positive standing rightfully belongs on the report. If the creditor has been repaid and the debtor has learned his lesson, his report should reflect his new positive position in the credit community.

THE NUMBERS:
Every year American creditors loan some $400 Billion to consumers, and each year $8 to $10 Billion of these loans fall into delinquency. (Source: Federal Reserve Bulletin)
In a nationwide, system-wide program of Positive Collections, fully $4 to $5Billion in current year write-offs could be recovered by the nation’s creditors annually. Add to this another $5 Billion (estimated) in past years’ write­ offs collected per annum, and the return to the credit markets of millions of consumers (disciplined by previous failures and educated by an enlightened credit system), and the Positive Collections® approach can be valued at in excess of $12 Billion annually.
In a time of waste trimming, budget tightening, and enhanced awareness of the need for increased productivity from existing resources, can our society – can ANY economic society -ignore the productive worth of a third of its people? Can any struggling economic society shun the input of 12 Billion Dollars annually?

POSITIVE COLLECTIONs® IS AN IMMEDIATE SOLUTION WHOSE TIME HAS COME.

TOTAL ECONOMIC RECOVERY!
The TELTRANS® EQUATION can lead to total economic recovery, first for the debtors, who can rebuild their lost fortunes with renewed trust and faith in a forgiving system. But the recovery does not stop there.
In Positive Collections®, creditors can experience economic recovery through the timely collection of “uncollectable” debts, the return “to the fold “of tens of thousands of good customers, and lowered costs of lending and collecting monies.

And TELTRANS CREDIT® doesn’t stop there. We’re aggressively seeking to bring our message of Credit Repair ® and Positive Collections® to the entire country. To do this we are creating 10,000 new jobs for individuals seeking a new career in an exciting new industry: Credit counseling. People helping people. In our plan, these 10,000 “seeds” can bring new life for so many individuals that the economic recovery here described can be experienced by the whole country. THAT’S TOTAL ECONOMIC

IF YOUR COMPANY WOULD LIKE TO REDUCE BAD DEBTS, INCREASE BUSINESS, SAVE LEGAL AND COL­ LECTION COSTS AND PARTICIPATE IN TOTAL ECONOMIC RECOVERY, contact TELTRANS CREDIT® today.