Michael McClain

Michael McClain

Independent Sales Agent

Archdale, North Carolina

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Financial Services

Financial Services

In a recent survey, it was found that the average payment terms for accounts receivable are 27 days, but actual payment period averages 34 days. In fact, late payments from customers are experienced by 93% of businesses.

Maintaining cash flow levels is a key challenge that is critical to profitability for financial services companies. On average, companies write off 1.5% of their receivables. TSI can help recover this bad debt and add it back to your bottom line.

Recovering debt, however, can’t come at a cost of reputation. That’s why we take a customer-centric approach to communication centered on diplomacy, respect, and dignity. Ultimately, we treat your customers how we would want to be treated. This is actually the secret to our debt recovery success.

With almost 50 years in the business, TSI is one of the most trusted collection agencies for financial institutions, credit unions, and banks. We understand the complex regulatory environment and laws governing financial debt collection and pride ourselves on being a trusted compliance leader.

Our approach to debt collections has always been rooted in compassion and respect for the customer. As an extension of our clients’ operations, we strive to represent them in the best and most positive light, maintaining a commitment to being a community focused business.

Partner with TSI to reduce the number of days it takes to collect payment from your customer and to limit the amount of customer debt you write off.

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