E-mail: cbdinc@cbdlax.comCredit Bureau Data Inc., a full-service collection agency, has been exceeding national collection rates for 20 years. The reason is simple: We believe collections is about more than money. It's about providing personal service, innovative strategies and state-of-the-art technology to help companies of all sizes with
Credit Bureau Data was founded in 1979 and today serves hundreds of clients in Iowa, Minnesota and Wisconsin, bringing them collection results that far exceed national averages.
Credit Bureau Data has adopted a new vision statement to guide the company into a new decade. The vision is based on CBD's mission to provide cost-effective collection solutions in an ethical and professional manner while maintaining profitability - thus ensuring the company's ability to serve clients for many years to come.
The vision reflects CBD's desire to be a local and national leader in every aspect of its business:
Credit Bureau Data offers comprehensive collection services that make collecting on your accounts as simple as sending us your account information and cashing the payments we collect.
Upon receiving your accounts, our professionals begin working immediately to collect — keeping you informed with regular progress reports and any other status updates you request along the way. Because we are the collection agency of choice in the Midwest, we may already have many of your debtors in our database. In addition, we constantly share new information among our check services and credit reporting divisions to reduce collection time and produce higher return rates.
When it comes to collections, you can recapture significant monies by using Credit Bureau Data. While national collection rates average 17-19 percent for delinquent accounts, Credit Bureau Data consistently averages 35-40 percent.
Credit Bureau Data’s Check Wise loss prevention services help many companies avoid collection problems altogether by preventing acceptance of bad checks at the point of sale. Our partnership with National Check Network lets you accept checks with confidence from anywhere in the United States.
When you use Check Wise to verify checks being accepted at your business, you’ll also receive our check recovery service. Through Credit Bureau Data’s in-house collection database, the National Check Network database and our extensive collection experience, we can handle your collections in an efficient, discreet manner — leaving your relationship with your customer intact and allowing you to concentrate on your business.
These services are simple and effective. Together, Check Wise’s verification and recovery services can reduce your bad check losses by 70 to 80 percent. They literally ensure money in the bank.
To avoid costly penalties and violations resulting from age-sensitive product sales to minors or to detect fraudulent identification when accepting checks, Check Wise offers electronic ID scanners.
These devices scan information encoded on driver's licenses and instantly display the age of the license holder. They also detect fraudulent or expired IDs and record evidence of license checks for future reference.
The system offers point-of-sale speed, with swiping mechanisms for licenses that have magnetic strips or bar codes, including those from Wisconsin, Minnesota, Illinois and Iowa.
For more information, contact Credit Bureau Data at
cbdinc@cbdlax.com
Many merchants avoid collection problems by tapping the experience of other businesses serving the same customers. Through affiliations with the nation’s three largest credit bureaus (Experian, Equifax and TransUnion), our internal database and fact-checking savvy, we can give you a prompt, thorough debtor profile — allowing you to make timely, informed decisions and avoid costly mistakes.
Understanding that some of your customers may find surprises on their credit reports — surprises that could jeopardize potential business for you — we are also available to help consumers clear up discrepancies.
Credit Bureau Data only runs credit reports for permissible purposes, if you would like to obtain your personal credit report please contact one of the three bureaus at:
www.experian.com www.equifax.com www.transunion.com
Annual Seminar — Successful Collection Strategies in Today's Economy
Extending credit in today's economy can be risky. Learn how to reduce your risk and increase your collection success with two of Wisconsin's foremost collections experts as they address successful collection strategies in today's economy. Topics include:
For more information or to register, click here.
Collection Training
Companies that pursue delinquent accounts internally prior to listing with a professional collection agency can benefit from Credit Bureau Data's vast expertise through collection training programs. Backed by ACA International, Credit Bureau Data can train your staff in a variety of collection topics, including
Please contact us for additional topics or information.
Community Education
In addition, Credit Bureau Data understands that credit problems are everyone’s problems. In fact, total consumer bad debt costs every adult in the United States $683 annually, according to the Federal Reserve Board. That’s why we also offer credit education at both the high school and university levels. Helping emerging consumers understand responsible credit use is a key to resolving future credit problems.
Debt and Credit Statistics
Provided courtesy of the ACA International.
Related Sites
| ACA International | www.acainternational.org |
| American Consumer Credit Counseling Center | www.consumercredit.com |
| Associated Credit Bureaus (ACB) | www.acb-credit.com |
| Fair Credit Reporting Act (FCRA) | www.ftc.gov/os/statutes/fcrajump.htm |
| Fair Debt Collection Practices Act (FDCPA) | www.ftc.gov/os/statutes/fdcpa/commentary.htm |
| Federal Reserve Board | www.bog.frb.fed.us |
| Identity Theft Resources | www.consumer.gov/idtheft/index.html |
| National Automated Clearing House Association (NACHA) | www.nacha.org |
| Uniform Commercial Code | www.law.cornell.edu/uniform/ucc.html |
Credit Bureau Data is a leading provider of collection services. Our clients enjoy the benefits of superior results and service. This is a direct result of the expertise and professionalism of our team members. Due to continued growth, we are seeking talented individuals to join our winning staff. If you would like to become a part of Credit Bureau Data, please e-mail us at cbdinc@cbdlax.com or call 800-947-3604.
Much of our growth at Credit Bureau Data results from client referrals. We want to thank you for those referrals through our Referral Rewards program. For every qualifying new client you refer to Credit Bureau Data, you will receive a gift as our token of appreciation. In addition, your name will be placed in a semiannual drawing to win a $250 travel certificate from Carlson Wagonlit Travel. You can use your certificate to book an airline ticket, hotel room, cruise or any other travel item available through Carlson Wagonlit. Please click here to submit a referral.
| Credit Bureau Data, Inc. | Telephone: 608-785-2222 |
| 115 6th Street N | Toll-free: 800-947-3604 |
| P.O. Box 2288 | |
| La Crosse, WI 54602-2288 |
E-mail: cbdinc@cbdlax.com |
© 2000 Credit Bureau Data, Inc. All rights reserved.