Website Helps Collect Old Debts

Organizations that want to pursue delinquent accounts without handing over a portion of the proceeds can now turn to OldDebts.com, an online debt collection service that eliminates the need to pay contingency fees to a traditional collection agency. The flat-fee service personalizes, prints and mails collection letters for as little as $6.95 per debt and optionally reports debtors to the three major credit bureaus, offering a fast and economical method of bringing debtors to heel, the company said.

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