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Alarm Collections

Alarm Collections

Have you ever tried to explain the Alarm Industry to someone for the first time? Multiples, RMR, dealer, chargebacks, reinstatements, central station monitoring, attrition, analysis, summer programs, chargeback reversals, funding amounts, renewal terms, 72 hour rights of rescission, etc. are all terms that would confuse a novice to the industry. However, the understanding of the intricacies of these concepts, along with subscriber contract terms is essential when collecting in defaulted monitoring contracts.

Simply put, you can’t collect it if you don’t understand it.
At Lazarus Financial Group, our calling card to security professionals is our extensive knowledge and complete understanding of the inner workings of the industry. Our collections representatives undergo detailed training on consumer alarm contracts. They received training and testing on their understanding of the alarm industry business model, which includes what actually happens from the time a contract is signed to the point the account is submitted to our office for collections. All of this occurs before they are permitted to make a single phone call to a delinquent alarm subscriber.
Our services for the alarm industry include early out billing services, attrition analyses, letter series, an equitable reinstatement program and collection efforts up to and including litigation. We have detailed processes and workflows for handling both residential and commercial defaulted monitoring contracts.
In today’s economy, if you, as an alarm services provider, have subscribers, then you are an expert. It takes expertise to book and then retain alarm customers. Once the relationships between you and the subscribers have been deteriorated, why not hand it off to experts in the collection of alarm accounts. Because our fees are contingency based, you don’t pay anything unless we do not collect dollars for you. And depending on your contract terms, you may be able to add the collection costs to the debt.
Our efforts will have an immediate impact to your bottom line. What have you got to lose by consulting with an expert.
For additional information and rates, call 855-LAZARUS (529-2787). If you are a member of the CSAA, ESX, NAAA, ESTA or one of the 100′s of state level associations, ask about additional services and discounts.

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