TAMPA, Fla., Aug. 15 /PRNewswire/ -- Hunter Warfield, Inc. (HWI), a
firm specializing in debt collection and asset investigation, has announced
the recovery of a half million dollars in additional funds owed to its
clients due to a newly initiated program to collect interest on
multi-housing debt. Hunter Warfield's clients, who own and manage
properties from coast to coast, are seeing the benefits of interest and are
increasing collection revenue amounts at a much faster pace.
The strategically designed program, which is the first of its kind in
the multi-housing industry, is a contributing force behind quicker
collections because adding interest to delinquent accounts is an incentive
for debtors to provide prompter payments. Laws permitting interest charges
have been in effect for years but vary by state. Complying with state laws
and properly accounting for the accumulated amounts is a difficult
undertaking. "The new program is boosting client confidence in Hunter
Warfield's ability to increase overall liquidations and the results of
initial phase have proved it. All indications point to better than expected
results," said Todd Wahl, V.P. Business Operations for Hunter Warfield. "We
are confident in our ability to increase our clients' collection revenue by
at least 10% in 2008. Additionally, new clients can expect significantly
higher liquidations rates than our industry competitors because of this
value-added service," Wahl also noted.
"The value-added service of charging interest in strict accordance with
state laws is allowing us to collect more and charge less," said Stephen
Sobota, Chief Executive Officer of Hunter Warfield. "Additionally, there
are no upfront costs to our clients. The program expenses are fully funded
by Hunter Warfield."
Hunter Warfield applies interest at the applicable rate to maximize our
clients' recovery, which provides the leverage that motivates a debtor to
quickly pay the balance. "Pay now or pay more is a powerful incentive,"
Wahl indicated. "While other agencies are settling for just a portion of an
account balance, Hunter Warfield is poised to collect the full amount. We
are offering a bankable benefit to our clients, and, most importantly, we
are furthering their success."
"We have spent an enormous amount of resources in developing this
program to increase payments and reduce collection fees for our clients. By
combining our cutting-edge technology with a team of thoroughly trained
professionals, Hunter Warfield is affording property owners and managers
the opportunity to maximize their bottom line and the half million dollars
in additional revenue is just a start," said Sobota.
Contact: John Bechtold - Marketing Director
3111 West MLK Blvd Second Floor, Tampa, FL 33607
888-486-8927 * http://www.hunterwarfield.com
jbechtold@huntwar.com
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[Via Real Estate Newswire]
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