→ BAD DEBT RECOVERY
→ RE-COLLECT

LRS offers our service to you as an option to help achieve your financial objectives. We are able to work within the mission & values of your
organization, and enhance the revenue returns.

Why Do Our Clients Choose LRS?

Why do our clients out source accounts receivable operations &
put the quality of their customer relationships, and consequently
their profitability, in the hands of Louisiana Recovery Services
(LRS)?

The fact is Louisiana Recovery Services can serve as a totally transparent
and seamless extension of an organization, with no compromise in quality. Clients are able to outsource or co-source as much or as little as their
particular environment dictates. Typically, an organization will pay
considerably less for better service and better results, than the costs
incurred by managing the process in-house.

We Enable Our Clients to:

→ Concentrate on core competencies.

→ Avoid the capital expenditures & reduce or control operating
costs associated with creating, managing & maintaining a
larger than needed in-house operation.

→ Enhance customer service efforts in many ways; increased
business hours, extensive call handling capacity, state of the art
automation, the integration of services, including live-operator
and superior operational efficiency.

There’s no question that outsourcing non-core business functions is a
successful strategy. Because of the tenuous financial situation of many
providers, each account is valuable for the potential revenue return.
By reducing asset utilization and subcontracting a process to an expert,
a company obtains more controllable costs. The capital saved in such arrangements can be strategically redirected.

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The LRS Reputation:

HISTORY OF EXCELLENCE - STABILITY - CONSISTENCY - TRUST
DEDICATED TO CONSUMER CREDIT REHABILITATION

■ Public Relations is one of our finest attributes.
■ Customer Service Representatives always available to assist you.
■ Reports to all (3) major repositories: Trans Union, Experian & Equifax.
■ Professional Staff: Thoroughly trained in all State and Federal laws.
■ LRS complies with The Office of the Inspector General’s (OIG)
   Compliance Guidance.
■ FDCPA & HIPAA compliant.
■ Memberships in Local, State and National Associations.
■ ALL OF OUR COLLECTORS ARE CERTIFIED!

What are Symptoms that a Company would need Receivables Management?

Companies that typically need to consider outsourcing the
management of their receivables are companies that require
significant performance improvements in the area of cost,
quality and cycle time.

There is a limit to the amount of time and effort that you should spend
attempting to collect accounts internally. As an account ages, the chances
of collecting decrease dramatically. The average account depreciates
rapidly unless effective communication is maintained between the creditor
and debtor at all times. It’s expensive to carry accounts that you will not be
able to collect using the methods at your disposal.

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▲ ALLOW US TO PROVIDE YOU WITH THE SPECIALIZED ACCOUNTS RECEIVABLE HELP YOU NEED WHEN YOU NOTICE:

■ Failure to respond to your statements, letters or phone calls.
■ Lapse in payment arrangements for no valid reason.
■ Repeated complaints.
■ Denial of responsibility.
■ Frequent debtor moves with no new address information.
■ Repeated changes in address and occupation.

▲ PERTINENT QUESTIONS:
1. How to increase cash flow?
2. How to collect debts sooner?
3. What cost effective methods can we use to achieve
    our financial goals?
4. How to make efficient use of employee time?
5. How to increase netback sooner while maintaining goodwill?

▲ THE ANSWER:
OUTSOURCE TO A SPECIALIST!

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Our team is dedicated to consumer rehabilitation. This means FREE Debt Counseling Services for your customers. We also provide FREE Final Notice Stickers, Placement Packs & Payment Pick Ups.

LRS provides flexible and customizable credit-to-cash solutions in areas key
to the corporate bottom line. LRS can support our client’s internal receivable management functions, or take on the entire process, acting as our client’s “virtual” credit/receivables management department.

How We Do It?

LRS works ALL accounts regardless of the accounts’ age, size or anticipated collectibility.

Customized programs and sophisticated technology are integrated with our AS400 hardware series. Strong management controls are utilized along with trained and certified personnel, guaranteeing timely and effective
communication with responsible parties. LRS collection department operates
72 hours a week enabling our team to meet various debtor schedules,
resulting in the highest possible call to contact ratio. This is how revenue realization and cash flow is maximized.

LRS can recommend quality and cost parameters required to improve your customers’ satisfaction and your bottom line.

Since time becomes a refuge for the debtor looking for a reason to put off payment or not to pay at all, it is important to set up a fast,
efficient collection procedure. LRS can recommend a billing and collection schedule, which has worked well for professional credit
grantors.

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