It is not guaranteed the member will pay in collections. They have to be willing to pay or settle their debt. Pending on which phase they move into, there will be a credit marking on their credit report.
The Warning Call Stage may not commence exactly on the day the member was submitted to collections as these are performed on a weekly basis.
Depending on the stage at which *Phase* the member pays in full, the chapter will receive a portion of the debt owed after collection services are rendered. Many variables determine the percentage collected such as which phase the payment is collected in and the amount of work that is completed to collect debt by Parson Bishop. Per Parson Bishop, the fee is 18% if collected in the first 45 days (but if the date of service is over 1 year it would be 35%). Phase 2 lasts until 135 days and the fee is 35%. After 135 days and including credit reporting and legal, the fee is 50% and will last until the statute of limitations expires (which is different per state). If the date of service is over 1 year, the PB fee could be 50% in the case of a settlement. greekbill’s fee is 10% of the net after Parson Bishop’s fee is assessed.
Negotiations and debt settlements are an option, but only at the approval of the chapter. If there are debt settlement requests, your chapter will be notified for approval.
Members in collections should not submit payments to greekbill. All payments should go directly to Parson Bishop.
Any communication about debt should go directly to Parson Bishop.
Documentation such as membership agreements or payment plans are optional. We will attempt collection without documentation or membership agreements; however, if the account is disputed and we cannot provide the documentation supporting their obligation to the debt, then the account would be closed.
