Consumer Credit Counseling Services (CCCS)
"When the Debtors Chose CCCS, It's Time for You to
Choose Arrow!"
In recent years, there has been a significant growth in the use of consumer credit counseling
services. In fact, an entire Consumer Debt Management industry has sprouted to service consumers
who are seeking an alternative to bankruptcy. While Arrow recognizes the need for such programs and
applauds those individuals who legitimately seek to repay their debts, there are those whose
intentions are less then honorable — both consumers and the firms. Consequently, these debt
management programs can inadvertently become an administrative burden for creditors faced with the
prospect of coordinating hundreds of different service providers, each with different procedures,
standards, requirements and unfortunately legitimacy.
To assist creditors with accounts under CCCS Debt Management Plans (DMP), Arrow offers two
solutions:
Outright purchase of the CCCS portfolio: Selling your portfolio will eliminate the
administrative costs with managing these accounts and provide an immediate revenue source. Manage the portfolio on a contingent fee basis: Should you prefer to keep ownership of these
accounts, Arrow can provide servicing for both pre and post charge-off accounts by our dedicated
CCCS unit on a contingent fee basis.
Whatever your choice, we are confident in our ability to help generate more liquidity at a lower cost out of your CCCS accounts, resulting in greater netback to you.
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