JewelersAlert.com launches Jewelers Alert Collection Corporation

New York, New York—JewelersAlert.com, the web forum featuring real-time credit and risk management information to the jewelry trade, is proud to announce the recent launch of Jewelers Alert Collection Corporation (JACC), a licensed debt collector service created to serve the diamond and jewelry trade in the US.

JACC is a full service collection agency geared exclusively to the diamond and jewelry industry. They have a combined team of agents with over twenty years in the debt-collecting field, as well as experienced jewelry industry professionals who understand the unique needs of the industry.

“A traditional debt collection agency doesn’t understand the unique business structure and challenges of the diamond and jewelry industry,” says Zev Oster, President of both JewelersAlert.com and JACC. “Not only do we have a team of experienced debt collectors, but we offer the latest technology in debt collection. Combined with our expertise in the jewelry industry, we have the tools and skills needed to work productively and effectively for our clients. It’s the best of both worlds.”

In addition to traditional methods of tracking debt collections such as telecommunications, email, mail and fax, JACC’s methodology also includes reporting to credit bureaus, skip tracing and the use of fully licensed and attorneys.  They also provide weekly remittance reporting to creditors detailing recovered funds.

Understanding the economic demands that face the jewelry industry, JACC charges a 10% fee on recovered debt, compared to 15% of traditional debt collectors. They also offer a money-back guarantee: if they don’t collect, they don’t get paid.

“We work for our clients to get their money  which they earned” said Mr. Oster.

In addition to the debt-collection services, JACC also offers consultation to help clients create strategies and tools to protect future transaction, which includes help with legal language in statements, invoices, memos and disclosures.

“These simple solutions may protect the creditor’s rights and prevent future debt-collecting situations,” said Mr. Oster.

As a special incentive for members of JewelersAlert.com who wish to use JACC JACC is waiving a standard placement fee of $50 for Gold members of JewelersAlert.com. Visit JewelersCollect.com to download an placement agreement and get started.

Jewelers Alert Collection Corporation is a licensed debt collector created to serve the diamond and jewelry trade in the US. JACC is a division of JewelersAlert.com, a member’s only forum. The mission of JACC is “Jewelers protecting Jewelers.” Jewelers Alert was started by Zev Oster, a diamond dealer and jeweler himself, to protect fellow jewelers from debtors, ,and associated credit risks and share information about members of the trade and their current state of credit responsibility.

To learn more about JACC, visit www.JewelrsCollect.com or contact Moshe Baum or Moshe Rubin at 212.444.9409.