Amazing to see businesses flourish in a down economy

I am always amazed to watch businesses grow when the rest of the economy is saying things should be bad. I do realize that there are companies today that are laying off and or shutting their doors because of rough times. Most of those companies are having to do so not only because of the economic situation but also because of poor decision made in their management or lack of management. Unfortunately all of us have to pay for some of those decisions. Take the airlines industry for example, we now have to pay for checked luggage or odd luggage and ticket prices on most airlines are soaring. I use to be able to fly from Tulsa to Las Vegas for a hundred or hundred and fifty dollars. Now there is no direct flight and the cost is at least double what it use to be. I don't mind, I am not a big Vegas fan anyway and it would not bother me if Vegas was the only place affected, unfortunately it is not.

Outside of the companies we here on the radio or television there are those companies that are thriving. Take NCO who owns Credit Management Services and Transworld Systems. Both of these companies are debt collection companies. Credit Management services is the traditional percentage agency that has the unusual ability to collect a high percentage even after there was a first generation collection effort prior to their getting the accounts. Transworld Systems inc. creates a high profit margin by paying 100% commissions to their 750 plus sales force and they have a unique business model that allows for a high percentage of collections. In fact they usually generate an average of 53% across all industries. The medical industry counts for nearly half of their business and their percentage of collections in the medical industry is an unbelievable 33%. That is almost unheard of when you consider the next closest competitor tops in at 18%. How do they do it? They actually start much earlier in the collection process than a traditional collection agency and they have a diplomatic approach to collections which gains the respect of the debtor.

It is nice to see some businesses flourishing in a down economy and it is great seeing these companies succeed knowing they are helping so many other companies by collecting their receivables and increasing their cash flow. If you have a need for debt collection I would first call Transworld Systems or visit http://www.number1collectionagency.com/