Collections and Lending Operations for a Retail Financial Services Provider 

Driving Efficiency and Growth Through 14+ Years of Partnership

About the Client

A leading retail financial services provider specializing in diverse loan products including payday loans, installment loans, and consumer lending. The company operates across multiple markets with a focus on serving customers with varying financial needs.

Scenario

The client required a strategic partner to manage their growing collections operations while ensuring compliance with complex legal and regulatory requirements. They needed expertise in handling diverse financial products ranging from small payday loans to larger installment loans, along with efficient back-office support for various customer requests. 

Epicenter’s Solutions

Epicenter provided comprehensive collections and lending operations support, implementing dedicated early-stage and full-scale collections teams with specialized expertise in online payday and installment loan processing. We delivered flexible back-office support services and established streamlined processes for debt consolidation and customer service operations.

Benefits / Outcomes

  • Scaled operations from 4 to 140 agents
  • Expertise in Loans Ranging from $120 to $20,000
  • Achieved 97%+ quality scores, target 90%
  • Monthly  $150K+ Collected with 6 collectors  
  • Streamlined Back-Office Support

Epicenter’s adaptability and expertise in have been invaluable to our operations. Their ability to scale and manage complex tasks has contributed significantly to our success.

Operations Head

Client Challenges

The client struggled with scaling collections operations to meet growing demand while managing diverse financial services including loans, transfers, and other products. They also needed efficient back-office support for customer requests and fee reversals.

Epicenter's Approach

Epicenter deployed dedicated teams with specialized expertise in early-stage and full-scale collections. We established separate teams for different loan types and implemented flexible back-office support systems to handle customer requests and streamlined debt consolidation processes.

Epicenter's Achievements

Agents Scaled

+ 0

Quality Score (Target 90%)

+ 0 %

Monthly Collections

+$ 0

Solution Offering

Dedicated Collections Teams

Established early-stage and full-scale collections teams with specialized training in different loan products.

Loan Processing Expertise

Deployed expertise in online payday and installment loan processing, handling loans from $120 to $20,000.

Back-Office Support Services

Implemented flexible support systems to handle fee reversals, customer requests, and administrative tasks.

Debt Consolidation Services

Established specialized processes for debt consolidation to help customers manage multiple financial obligations.

Accounting and Book-keeping operations

Managed end-to-end accounting tasks to ensure accurate financial reporting and regulatory compliance.

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