integrity matters
PSI has been ranked by Business.com and BusinessNewsDaily.com as the best Business-to-Business (B2B) Commercial Collection Agency in the U.S. for 2020, 2021, 2022, 2023 & 2024!
PSI Prestige Services is also ranked as Best Collection Agency by Investopedia.com for 2023 & 2024 as well as by Quicksprout.com for Best Agency for Commercial Collection Accounts.
PSI Prestige Services is one of the most highly respected collection agencies in the industry. We have been in business over 28 years now and have 0ver 65 years combined experience. We have proven to be responsible, reliable, trusted and above all, respected by our clients. The following is a list of just some of the benefits you will receive when you choose PSI to assist you on your past-due debtor accounts.
Our Debt Recovery Service Advantages:
Online portal access 24/7: Our portal offers the most up-to-date technology available for reporting functions and access to your data. You can track your collection claims, payments, communications, emails, and view the complete notes for each of your cases. You can even listen to phone calls made to your debtor accounts. In addition, You can access your invoices and trust statements directly on the portal. Our collection agency services are integrated with the newest cutting edge technology, allowing for full transparency.
Accredited recognition from the BBB: At our core, reputation is paramount, reflecting our commitment to excellence as the premier collection agency. Our accredited status with the BBB signifies our unwavering dedication to integrity, honesty, and exceeding customer expectations. Proud recipients of the BBB 2023 Silver Award for over two decades, our consistent accreditation and 5-star reviews underscore our enduring commitment to customer satisfaction.
No collection, no fee: Benefit from our performance-based fee structure: we only charge a contingency fee upon successful collection. This aligns our interests with yours, motivating us to diligently pursue your accounts. Effective debt collection is our primary focus, recognizing its pivotal role in driving profitability for both our agency and your company. In addition, our collection rates typically range 5% to 7% lower than industry averages, maximizing your returns.
Free FINAL NOTICE forms: Our final notice forms are very effective and free for you to use. You may copy and use the Final Notice forms as often as you want at no charge. If the debtor does not respond to the Final Notice form, you can then place the account with our collection agency for standard collection agency service.
Professional skip-tracing: We can find almost anyone in a matter of seconds and even obtain their date of birth, and other vital information that helps us to locate the debtor. We perform skip-tracing on a daily basis on collection files that are placed with our firm and the costs are not passed onto you. It is simply the cost of doing business for our firm. In order to collect effectively, skip-tracing and investigations are always necessary. We can investigate businesses as well to determine if they have lawsuits, liens, judgments and/or UCC filings.
In-house Attorney services: If your debtor is not responding, we have the option to utilize our in-house attorney for “pre-litigation” services. Our attorney staff will reach out to your debtor and the escalation of the case to an attorney firm often has a greater impact on your debtor. They do tend to respond once a legal firm is involved. Best of all, this service does no impact or increase your standard contingency fee.
Standard Attorney forwarding: If the debtor continues to ignore all our collection efforts and our in-house attorney, the claim may be forwarded to our outside attorney firm in the debtor’s area for the consideration of a formal lawsuit. This is effective since the attorney is right in the debtor’s “backyard”. All our attorneys are members of the Commercial Law League of America (CLLA) and are fully licensed and bonded. We have had experience with these attorneys for over 28 years and know which attorneys are the absolute best for a given situation. It is at this step, that the contingency fee increases if the debtor pays.
Proven Record of Performance: We have one of the highest collection ratios in the country. Experience and longevity really do matter and it is why we are so successful!
For more information about our business to business and commercial collection agency services, please select “What we do” from the menu at the top of this page.
