Collection Agency Still Seeing Record Growth

Merchants’ Credit Guide Co. (MCG), one of the oldest and most rapidly growing full service accounts receivable management firms in the US, has continued to break record revenues for the fourth consecutive year, having achieved a growth of 560% over the last three years.

While the industry continues to exemplify strong growth, Merchants’ Credit Guide has grown at a much faster rate. In 2004, the Account Receivable Management (ARM) industry revenues marked over $15 billion with $9.5 billion coming from collection agencies responsible for recovering outstanding debts for creditors. Merchants’ Credit Guide Co. attributes much of its continued success to a growing reputation for housing a professional, well-trained staff and remaining dedicated to utilizing a “fair but firm” approach to debt collection. Even through its fast growth, MCG has maintained their highly-regarded philosophy and mission to provide strong results and customer satisfaction with clients and their customers.

The ARM industry is projected to continue to expand as technological advancements are made and more and more experienced and sophisticated team members enter the field. Recognized today as one of America’s fastest growing companies, Merchants’ Credit Guide Co. plans to continue their individual success by staying on target to meet specific strategic goals. With this year in full bloom, plans to increase customer care and satisfaction, increase the amount of outstanding debt collections, increase revenue and profits, and ultimately, turn around the negative reputation that debt collection companies share, has already taken effect. Merchants? Credit Guide is expecting to achieve another great year and generate record performance for five years in a row.

For 2006, Merchants’ Credit Guide Co. will continue on this path of strong growth through its utilization of modernized techniques, processes and technologies new to the CRM industry. First and foremost, however, is their ongoing commitment to employ professional, talented staff members that provide excellent customer care and faster returns on past-due debts to their clientele.