Collections Services
At Coastline Finshore Partners, we specialize in debt recovery services for U.S. and Canadian clients across sectors such as financial services, healthcare, utilities, retail, and government. Our offerings include contacting debtors, negotiating payment plans, asset recovery, credit reporting, and legal support. We also provide consulting to help clients improve internal collection processes and reduce delinquencies. Based in the Dominican Republic, we leverage a skilled, multilingual workforce to deliver cost-effective, high-quality recovery solutions, with the added benefit of real-time communication across North and Latin America.
1
Debt Recovery
We contact the debtor through various channels to remind them of their outstanding payments and to encourage repayment. We negotiate payment plans, settlements, or lump-sum payments that are agreeable to both the debtor and the creditor
2
Credit Reporting
Impact on Credit Score: we can report the outstanding debt to credit bureaus, which can negatively impact the debtor's credit score. This serves as an additional incentive for debtors to settle their debts
3
Skip Tracing
Locating Debtors: If a debtor cannot be contacted at their last known address or phone number, we may use skip tracing techniques to locate them. This could involve accessing public records, credit reports, and other databases
4
Asset Recovery
In cases where the debt is tied to a secured asset, like a car loan or mortgage, the collections company may be involved in repossessing the asset if the debtor defaults
5
Legal Action
If the debtor continues to default, the collections company may recommend legal action to the creditor. We assist in filing lawsuits to obtain judgments that allow wage garnishments, liens on property, or bank account levies
6
Consulting Services
In addition to recovery efforts, we often advise clients on best practices for managing accounts receivable, reducing future delinquencies, and improving internal collection processes