Meredian Financial

Meridian Financial Services has been a trusted name in the third-party collections industry for nearly 30 years. Our expertise lies in providing collections services that are tailored to the shared ownership industry, combining proven collection techniques with state-of-the-art technologies. Our mission is to help our clients lower bad debt write-offs, minimize costs related to debt collection, and increase cash flow. At the same time, we prioritize keeping consumers satisfied by re-educating and reselling them on the shared ownership product. This dual focus on financial recovery and consumer satisfaction has made us a valuable resource for resort developers, property management companies, and homeowner associations.

The Meridian Approach To Collections

In the shared ownership industry, collections are about more than simply collecting past-due debts. It's about keeping the consumer satisfied and maintaining a positive relationship with them. At Meridian, we have the expertise and industry experience to not only reduce losses incurred from bad debts but also to retain our clients' consumers. We do this by reinforcing the value of the timeshare product and making consumers feel good about their purchase and all the benefits that come with shared ownership. By outsourcing your collections to Meridian, you can reduce your in-house costs, increase your recovery rates, and save time and money for use in other areas of your organization. You pay us only when we collect, helping you build your bottom line.

Our Collections Services

Meridian is committed to delivering the most flexible and comprehensive services in the industry. Our certified collectors are fully trained to understand every aspect of the shared ownership industry, allowing them to educate and resell delinquent parties on their shared ownership purchase while increasing the rate of recovery.

One of the services we offer is the Early-Out-Program, which allows Meridian to identify problem accounts and begin collection efforts as soon as they become past due. By starting collection efforts early, Meridian increases recovery rates and decreases collection costs, which improves your bottom line.

Another service we offer is the No-Cost-To-You Dues Recovery program, which can recover 100 percent of the originally assigned balance on your past due accounts - at no cost to you! By assessing a predetermined collection fee to the total balance due - including late charges and interest - the account is fully recovered while Meridian retains the collection fee, only. This program is generally for Homeowners Associations (HOAs) whose condominium documents and state statutes allow assessing the costs of collection to delinquent accounts.

In addition, we offer credit reporting services, where all qualified accounts are reported to two major credit reporting agencies - TransUnion and Experian - on a monthly basis. We also provide skiptracing services, giving us access to demographic information on delinquent owners, allowing us to begin the collection process and update your files with current information. Our online services also provide you with information on your consumers at your fingertips, allowing you to print a variety of reports with ease.

At Meridian Financial Services, we pride ourselves on being a powerful resource for the shared ownership industry. Our extensive array of services, combined with our expertise and industry experience, make us the go-to choice for resort developers, property management companies, and homeowner associations looking to lower bad debt write-offs, minimize costs related to debt collection, and increase cash flow.