Summary

Greekbill is now partnered with Fairway Capital Recovery, LLC (referred to as Parson Bishop) for the updated collections process. Here is a quick overview of our new collections process for our full-service chapters. Parson Bishop provides collection services to your chapter and charges a fee based on the effort required to collect, rather than a fixed amount of 30-50% regardless of the effort needed. This feature saves our chapters a great deal of money. Collection services are provided in up to three phases; each member begins in the warning call phase and automatically rolls into each phase based on a pre-determined timeline.

Estimated Timeline After A Collection Request Is Submitted

• Warning Call Stage
  • Day 1 – Warning Call #1
  • Day 14 – Warning Call #2
• Collection Stage
  • Day 21 – Phase I
  • Day 66 – Phase II
  • Day 126-156 – Phase III