Biorn Corporation observes interesting trends for the first half of 2021
MINNEAPOLIS, August 3, 2021 / PRNewswire / – Biorn Corporation, a professional third-party debt collection agency, has observed some interesting trends for the first half of 2021.
Collection placements attributed to Biorn Corporation by their clients are down 23% from the first six months of 2020. Some clients of Biorn Corporation have experienced declining sales, while others are experiencing staffing and / or issues. or heavy workloads that cause delays in processing their contribution arrears in a timely manner. In addition, the average size of investments has fallen by 24% over the same period, an indication that large orders are no longer the norm.
Craig biorn, President of Biorn Corporation, has 39 years of experience in debt collection. He warns companies against the trap of procrastinating in collecting their debts. He knows full well that the longer you wait to get your money back, the less likely your chances of success in getting those dollars are.
On a positive note, his data shows improved recovery results. Biorn attributes this good news to its professional staff to maximize the results of the collection. If his internal team is unable to collect the debt, he uses his network of lawyers to continue his efforts. Biorn has a wealth of experience in evaluating his network of lawyers and firmly believes that he has a great list to escalate and improve fundraising results. Biorn’s figures confirm this, as there has been a 20% increase in dollars recovered from its lawyer network for the first two quarters of this year compared to last year.
Biorn is grateful that his team completed the second best year of the company’s 17-year history in 2020, especially in the face of the economic impact of the COVID-19 pandemic. To make it all the more exciting, his team is a 6% growth eyelash compared to last year’s comparison for the first half of 2021.
Biorn Corporation is spreading the word to credit professionals to act on their overdue dollars. With recovery trends showing healthy results, it is wise to use a third party agency rather than leaving those precious dollars on the books of their business.
The Biorn team charges a contingency rate for its services based solely on the dollars collected. Their rates vary depending on the volume of accounts, the age of the debt and the average size of claims filed. Biorn Corporation does not fly over their investments like other agencies and pride themselves on promoting a Midwestern work ethic to ensure that every account placed with their agency is successful. While many of these placements are on-going assignments, Biorn Corporation also offers debt liquidation pools for credit consultants, banks, and bankruptcy trustees.
Craig biorn is available to consult with you regarding your collection needs at: 612-868-8489 or [emailÂ protected]
SOURCE Biorn Corporation