PRM: Financial Solutions that Deliver Results
Because PRM's financial services can integrate with any stage of the debt recovery process, its array of diversified products provides resourceful solutions for recovering value from non-performing accounts from the date of charge-off through and beyond the third placement, including out-of-statute accounts. From skip tracing, data enhancement and collection recovery to its premier product, the Encore Program,TM PRM's financial solutions are designed to maximize the value of your debt portfolio.
PRM: A partner you can depend on
Since PRM looks at debt recovery as a process rather than an event, institutions that place a portfolio with PRM get more than just a single-stage solution. They get a partner that understands the stages of debt recovery and the various strategies that can be employed to maximize recovery results in each. They get an experienced team that looks at each partnership as a mutually beneficial relationship that doesn't begin and end with one portfolio, but rather works back and forth throughout the process until resolution is achieved. They also get a wide array of financial solutions from a remarkable resource that performs.
The PRM Encore ProgramTM: Convert Debt to Value
PRM's Encore Program is a unique opportunity for realizing an outstanding return on certain distressed accounts. Debtors are offered a positive solution for resolving their debt, providing our Placement Partners a higher yield than they might receive from conventional settlements or sales. The Encore Program works exceptionally well with the most aged of accounts, and especially with accounts for which resolution was previously thought unlikely.
A brief overview of the Encore ProgramTM
Once a non-performing account is placed into the Encore ProgramTM and its data is enhanced, PRM account representatives work to resolve the debt by inviting a qualified debtor to rehabilitate his or her credit through the establishment of a MasterCard® credit card. As an incentive for the debtor to respond to the offer, a portion of the original debt may be discounted, and the resulting balance is transferred to the new credit card account. If an account is converted through the Encore Program, the Placement Partner receives a premium payment based on a percentage of the initial converted balance.
For more information about PRM and its dynamic Encore Program, please download our brochure (Adobe® Acrobat® PDF format, 574 KB).
