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SFS has long been an industry leader when it comes to serving banks and other financial service industry professionals. When most people think of debt, they tend to think of home-and-auto debt and credit card debt. And for good reason–taken together, loans and credit card debt form the bulk of the consumer debt sector.
SFS’ efforts in this sector have helped drive innovation across the entire company. Our advanced tools and tactics and cutting-edge technology (including machine learning-based software) emerged as a direct result of our early work in this sector. Our ability to digitize core aspects of the business has allowed us to cut costs, free up manpower, introduce unprecedented efficiencies and–ultimately–maximize our rates of recovery. By combining traditional collection methods with the deeper understanding of debtors rooted in segmentation and an analysis of their tendencies and past behavior, we have helped banks and other clients in the financial industry recover millions of dollars owing.
It is vital to note that in helping to secure the repayment of bank loans, credit card debt, and other forms of debt, SFS always abides by state and national laws and never engages in behavior that would reflect poorly on a financial institution. We understand the importance of reputation and good community relations to clients in this sector. Ultimately, we make sure that our tactics and larger approach align fully with our clients’ broader interests.