Alternative Lending Debt Collection Services

Altus Receivables Management partners with alternative lending organizations worldwide. We offer various collections and accounts receivable (AR) services that benefit pioneers of the alternative lending industry. From branded communication to data collection and compliance assurance, we’ll help your organization offer accelerated financial services that are beneficial to your customers and profitable to your business.

Specifications and Standards for the Alternative Lending Industry

Large banks follow strict guidelines for who they can and can’t lend money. Small and mid-size businesses often struggle to prove they have the cash flow, collateral or debt-to-income ratios that bigger banks require. Nontraditional private institutions like yours have new opportunities to offer loans and accelerated financing to businesses unable to meet larger banks’ requirements. Demand has been steadily growing, meaning you’re likely seeing higher client volumes.

While providing the best services to your borrowers is your key to success, operating within all relevant regulations is just as important.

While the alternative lending industry has fewer regulations than those traditional banks face, the regulations that apply are loose and subject to evolution. Many regulations vary or compete across state and national borders. Navigating modern specifications and standards for the alternative lending industry requires a considerable amount of time and resources. An accelerated financial collection agency can help your business operate within all relevant regulations.

Importance of Commercial Collections and AR Management

Collections and AR management are the fronts upon which your business secures its revenue and interacts with clients. Reliable AR management and collections services will ensure your company can accurately track amounts due, compassionately notify borrowers of their balances and successfully collect revenue.

When you partner with a large, experienced collections agency like Altus Receivables Management, you can feel confident that you’re providing the best services for borrowers and receiving the payments they owe, even as your list of borrowers grows. All the while, we’ll do our due diligence to protect sensitive information and practice open communication with all parties.

Benefits of Commercial Collections and AR Management for the Alternative Lending Industry

Partnering with a commercial collections and AR management agency empowers alternative lenders to reach their goals. Altus Receivables Management will help your organization by:

• Streamlining processes so your staff can focus on acquiring clients and providing quality service to your borrowers.
• Reducing overhead costs by executing tasks without needing salaried collections employees or facilities.
• Collecting and analyzing payment and delinquency data.
• Improving borrower interactions through professional communication.

Our Services for the Alternative Lending Industry

Here’s what Altus Receivables Management can do for your alternative lending agency:

• Communication: We’ll send branded messages to your borrowers informing them of due dates, delinquencies and payment confirmations.
• Data collection and analysis: Our commercial collections technology provides thorough, transparent data you can use to inform your processes.
• Compliance assurance: We understand and keep up to date with alternative lending regulations across borders so that your business is always compliant.