Accounts Receivable Management Featured Article

Some Municipalities Turn to Debt Collection Companies to Recover Fines and Fees and Boost Revenue

January 02, 2013

As towns, cities and other municipalities struggle with reduced budgets and trying to make ends meet with less, many are discovering that they do, in fact, have a revenue source to boost: collecting small fees and fines owed to them. These types of small debts – court fees, property fines and others -- are often ignored by municipalities, since they cost more to pursue than they are worth. Taken in aggregate, however, they can add up to big dollars for cash-starved town halls.

Increasingly, towns and cities are turning to professional debt collection solutions and services to recover money owed to them. Lee County in Northeast Mississippi is one of them.

According to a local Daily Journal article, “A firm to collect back-debts for garbage or justice court fees got Lee County’s approval Monday.” The article states that Lee County is looking to collect roughly $1 million in long overdue fees and fines from Lee County Justice Court.

Debt collection agency Rapid Recovery Solution is hoping to be the beneficiary of the county’s approval.

John Monderine, CEO of Rapid Recovery Solution, says he knows how important it is for small counties to collect large debts owed to them.

“It is great seeing a county like Lee County pushing forward to collect a large debt of $1million,” said Monderine. “This money is rightfully owed to them, and there is no reason why they should have to wait any longer to collect it.

By outsourcing debt collection services to a professional organization, counties can eliminate the need to boost manpower on their own payrolls chasing down small debts, and can instead recover most of what is owed to them with little effort on their own part.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.

Edited by Brooke Neuman

Article comments powered by Disqus

Related Accounts Receivable Management Articles

AgreeYa Introduces Cogent Collections Solution

AgreeYa solution allows collection agencies and law firms to discover past due debts and collect them in compliance. [ Read More ]

No Reason to Fear or Loathe Accounts Receivable Management

When surfing the internet, it's always a delight to find really relevant content for our readers. That's why I'm sharing this post by Jeanne Wild, Marketing Communications Coordinator at technology consulting and business apps developer e2b teknologies, 7 Reasons Not to Fear Accounts Receivable Automation [ Read More ]

Automated Accounts Payable Solution for Telecom Industry

Saninco Technologies developed ap keeper, an intelligent, cloud-based accounts payable automation service for the telecommunications industry. [ Read More ]

Best Rate Collection, LLC Positioned to Disrupt the Commercial Collections Industry

Best Rate Collections has designed the first "Bid Board System" where companies can post their bad prime debt in an auction type environment. [ Read More ]


Weekly Live Demo
Contact Center Solutions

Register Today!

Weekly Live Demo
CaaS Small Center

Register Today!