During Challenging Economic Times, New Web Service Launches to Benefit Creditors and Agencies

New York, NY, August 27, 2009 --(PR.com)-- Realizing the growing need for a cost effective accounts receivables option, Debt Letters, Inc. launched a revolutionary web based accounts receivables service and collection industry portal on August 19, 2009.

Debtletters.com is a web based solution for businesses and credit professionals to increase recoveries with their late paying business customers through the use of customizable and automated 'pre-collection' emails, faxes, and hard copy letters on the letterhead of any partnering collection agency.

“What is unique about the Debtletters.com platform is that the service handles all aspects of the fulfillment responsibilities for all the Affiliate agencies. This greatly reduces infrastructure, labor, and other direct costs associated with emailing, faxing, and mailing these demands letters. Additionally, the online system can seamlessly escalate an account to the partnering agency if still unpaid at the end of the Letter Campaign to facilitate the start of more traditional collection efforts”, says Robert Metcalf, Founder and CTO of Debt Letters, Inc.

Any company that has corporate receivables from another company can create an account at Debtletters.com. After the signup, the company chooses a partnering collection agency for which their demands for payment will be placed on that agency’s electronic and paper letterhead. Users enter or upload their late paying accounts before customizing features to each “Letter Campaign”, including the start date and intervals between letters.

Once settings are customized, the online system’s automated features take over. Paper demands are mailed first class, and if desired, can also be emailed and/or faxed at no additional cost. While the letterhead is of the collection agency, all demand notices request that payment go directly to the company’s office. According to the terms and conditions agreed to by partnering agencies, if any payments find their way to the agency’s office, it is then sent directly to the company and there is no fee. “Because we have optimized innovative technologies, debtletters.com makes the implementation of early stage letter campaigns simple and affordable for every size business.” said Metcalf.

According to Metcalf, agencies of all sizes can sign up at the various affiliate levels offered, including a ‘no cost” option. “By adopting this as a value added service, any commercial collection agency, regardless of size, can open up a relevant online presence and immediately market this competitive advantage to new and existing clients” added Metcalf.

Metcalf was inspired to start debtletters.com after learning about the growing needs for the credit industry to reduce costs and increase efficiencies through the lifecycle of a delinquent account. “Unlike other web based solutions, a select few offer recovery tools that simultaneously appeal to the needs of both creditor and agency. We are confident that we have accomplished that with a completely new paradigm.” said Metcalf.

For more information you can visit the website www.debtletters.com. You can call Debtletters.com at 1-866-809-0256 or via email as chooseyouragency@debtletters.com.

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