BSG Financial Aligns with American Agencies to Provide Debt Recovery to Financial Institutions

LOUISVILLE, KY – BSG Financial, LLC, a provider of profit-enhancing programs and marketing services to the financial industry, announced a strategic alliance with Torrance, Calif.-based American Agencies, a debt recovery and debt purchasing company providing receivables and cash flow enhancement services to the business community.

Through the alliance, BSG Financial customers will be able to increase income with successful debt collections. American Agencies’ Direct Deposit Account (DDA) Overdraft Recovery Program is a pre-charge off or post-charge off collections program that complements the BSG Financial Overdraft Honor™ courtesy overdraft program. It accepts file reports electronically in order to help financial institutions achieve exceptional recovery rates and increase customer retention.

“Our partnership with BSG Financial introduces recovery services to financial institutions and will enable them to boost revenue without devoting valuable bank and credit union resources,” said Shari Cardella, president of American Agencies. “Our unique, diplomatic and highly tailored cash recovery system capitalizes on the strengths of third-party intervention through use of the latest technology, collection techniques and customer/debtor psychology to yield the most efficient results.”

American Agencies provides an online collection system that is easy-to-use, automated and non-intrusive. Its pre-charge off process is designed to retain valuable fee paying customers by capitalizing on its ability to provide third-party intervention.

“At BSG Financial, we are continuously investigating and implementing ways to augment our program and services offering, while maximizing our customers’ profit enhancement,” said Barrett Nichols, CEO and founder of BSG Financial. “Through our partnership with American Agencies, our customers stand to benefit from their flexible system proven to achieve an impressive recovery rate of 61 percent on suspended DDA accounts. BSG Financial now provides several options to debt recovery for its clients and is thereby cultivating customer retention through this unique approach.”

BSG Financial’s alliance with American Agencies is the second strategic partnership formed with a debt recovery company to offer debt recovery options to customers to increase income through successful collections.

About American Agencies
Torrance, Calif.-based American Agencies was founded on 30 years of experience in debt recovery and serves thousands of clients nationwide. The company provides a unique cash recovery service (The CacheQuest System) that capitalizes on the strengths of the systematic, consistent leverage of third-party intervention and commitment.

For more information about the company and its cash recovery services, visit www.americanagencies.com.

About BSG Financial, LLC
Louisville, Ky.-based BSG Financial, LLC is a provider of programs and marketing services to the financial industry that help increase profitability, while enhancing customer relations. Its flagship program, OverdraftHonor®, is a proprietary courtesy overdraft program unique in its responsible approach to customer management, profitability and ongoing technical and customer service. In addition, BSG Financial offers other profit-enhancing programs that increase retail account openings; outsource collections; repair damage caused by identity theft; and reduce institutional costs.

BSG Financial is privately owned and has offices in Kentucky, Texas, California, Massachusetts, Missouri and Pennsylvania. For more information about the company, visit www.bsgfinancial.com.