With more than 30 years in the collections industry, Brennan & Clark typically maintains a recovery rate of 45 percent, well in excess of the average recovery rate, which is 24 percent. A principal part of the firm’s success has been its close relationships with clientele. Through an evaluation of current company practices, Brennan & Clark can determine the strengths and weaknesses within a collection department and work to bring about a meaningful change that translates into faster and higher returns on overdue accounts.
In addition to the traditional role that collection agencies assume, Brennan & Clark offers clients enhanced services that can dramatically increase revenues. The company has developed a Cash Now program designed to deliver immediate returns to clients. For accounts of a certain size, the firm purchases the accounts, and within five days of placing an account, clients receive payment.