Systems and Methods for Advancing Collections on Unpaid Debts

• US 20080172297A1
• Filed: 01/31/2008
• Published: 07/17/2008
• Est. Priority Date: 01/04/2002
• Status: Abandoned Application

• Current Assignee: Blake L. Reynolds
• Original Assignee: Blake L. Reynolds
• Inventors: Reynolds, Blake L.
• Application Number:
  US12/023,482
• Publication Number:
  US 20080172297A1
• Time in Patent Office: Days
• US Class Current: 705/14
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 30/0226 Incentive systems for frequent usage, e.g. frequent flyer miles programs or point systems
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

Systems and methods for advancing collections on unpaid debts. Incentives that provide monetary and/or non-monetary rewards are utilized to encourage, promote, enable, and/or facilitate a collection of one or more unpaid accounts. A book of vouchers may be purchased for a letter-writing service, wherein the cost of the book is subtracted from monies collected. Rewards are allocated for providing unpaid accounts to a debt collection service. The eligibility for the receipt of rewards may require certification in accordance with the present invention. Collections are advanced in accordance with the present invention due to the incentives that encourage and promote collection efforts. Furthermore, improved relationships exist among entities involved in collecting the unpaid debts because of the increased incentives.

Claims

1. A method for encouraging the presentation of a series of unpaid debts from a service provider to a collection agency for pursuing collection on the unpaid debts, the method comprising the steps of:

providing on a computer processor a debt collection service for a flat fee;

receiving a request on the computer processor from the service provider to perform the debt collection service to collect on an unpaid debt;

providing an incentive to the service provider in exchange for the request;

collecting at least a portion of the unpaid debt; and

recovering at least a portion of the flat fee from the portion of the unpaid debt that has been collected.

2. A method as recited in claim 1, wherein the debt collection service requires at least a minimum number of requests to be received over a period of time.

3. A method for encouraging the forwarding of unpaid debts to a collection agency for pursuing collection on the unpaid debts, the method comprising the steps of:

providing on a computer processor a debt collection service in exchange for a flat fee;

receiving a request on the computer processor to perform the debt collection service to collect on an unpaid debt;

providing an incentive to the service provider in exchange for the request collecting at least a portion of the unpaid debt;

offsetting at least a portion of the flat fee from the portion of the unpaid debt that has been collected; and

using that portion as the offset for payment of the flat fee.

4. A method as recited in claim 3, further comprising the steps of:

determining whether a quantity of flat-fee vouchers are desired to collect unpaid debts; and

if the vouchers are desired, subtracting a payment for the vouchers from the service provider'"'"'s portion of collected debt prior to providing the service provider'"'"'s portion to the service provider to whom the unpaid debt is owed.

5. A method as recited in claim 3, wherein the vouchers include a quantity of vouchers which comprise a minimum number of vouchers required for purchase by a service provider.

6. A method as recited in claim 3, wherein the debt collection service requires placement of a predetermined volume of high quality debt.

7. A method as recited in claim 3, wherein prior to participating in the method, an individual must complete at least a portion of an education course relative to the method.

8. A method comprising:

encouraging the presentation of unpaid debts owed to a service provider from the service provider to a debt collection agency for pursuing collection on the unpaid debts by;

providing a debt collection education and certification program that allows a representative of the service provider to be certified to receive a reward upon the presentation of an unpaid debt from the service provider to the collection agency;

providing a debt collection service on a computer processor;

receiving a request from the service provider to collect an unpaid debt on the computer processor;

determining if the collection request was received from a certified service provider representative;

determining what reward to provide to the representative of the service provider, if any;

providing the reward, if any, to the representative of the service provider;

performing debt collection services;

collecting at least a portion of the unpaid debt; and

allocating the collected portion of the unpaid debt between the collection agency and the service provider;

9. The method of claim 8 wherein:

the encouraging the presentation of unpaid debts further comprises;

providing account management software on the computer processor to the service provider wherein;

the representative of the service provider can manage the accounts of the service provider; and

the account management software automatically provides the request from the service provider to the collection agency to collect an unpaid debt when a set amount of time has passed after the debt is incurred and at least a portion of the debt remains unpaid.

10. The method of claim 8 wherein:

the debt collection service comprises a service selected from the group of;

a letter-writing service;

a debt collection service for a flat fee;

a contingency fee debt collection service; and

a purchase of the unpaid debt by the collection agency; and

a pre-pay voucher system wherein the service provider can pre-purchase vouchers redeemable for any of the above-named collection services;

wherein the representative of the service provider may select the form of the debt collection service used.

11. The method of claim 8 wherein:

the reward provided to the representative of the service provider is determined based on at least one of the following;

whether the representative of the service provider is certified according to the debt collection and certification program;

the monetary value of the unpaid debt presented for collection;

the number of unpaid debt accounts presented for collection;

the age of the unpaid debt presented for collection; and

the amount of the unpaid debt collected by the collection agency.

12. A method comprising:

providing account management software on a computer processor to a service provider wherein the service provider can manage accounts billed to customers of the service provider;

encouraging the presentation of unpaid debts owed to the service provider by the customers of the service provider from the service provider to a debt collection agency by;

providing a debt collection service on the computer processor;

allowing the service provider to instruct the account management software to automatically submit a request to the debt collection agency to collect on an unpaid debt after a certain amount of time has passed from the time the debt is incurred and if at least a portion of the debt remains unpaid;

receiving a request to collect on the unpaid debt on the computer processor; and

providing a reward to a representative of the service provider in exchange for the request;

performing debt collection services;

collecting at least a portion of presented unpaid debts;

allocating the collected portion of the unpaid debt between the collection agency and the service provider.

13. The method of claim 12 wherein:

the debt collection service provided on the computer processor comprises at least one of;

a letter-writing service;

a debt collection service for a flat fee;

a contingency fee debt collection service;

a purchase of the unpaid debt by the collection agency; and

a pre-pay voucher system wherein the service provider can pre-purchase vouchers redeemable for any of the above-named collection services.

14. The method of claim 12 wherein:

the reward provided to the representative of the service provider is determined based on at least one of the following;

whether the representative of the service provider is certified according to a debt collection and certification program provided by the collection agency;

the monetary value of the unpaid debt presented for collection;

the number of unpaid debt accounts presented for collection;

the age of the unpaid debt presented for collection; and

the amount of the unpaid debt collected by the collection agency.