Industries We Serve

Deficiencies

Deficiency balances can affect many different kinds of businesses, who all suffer a financial burden when forced to repossess or sell collateral at auction.  Landmark Collection Services can help increase your revenues by reconciling these balances. 

Deficiency balances are derived from the difference between the amount that is owed on a secured loan and the amount the collateral is sold for.  These balances can be difficult to collect without the proper knowledge of Federal, State, and local laws, repossession procedures, and proper documentation.

We offer debt collection solutions for several types of deficiencies, including:

Auto Deficiencies

Auto deficiencies arise after a consumer defaults on an auto loan.  Often times, these vehicles are repossessed and sold at auction.  When the amount that is due under the terms of the loan is greater than the amount the vehicle was sold for at auction, there is a deficiency owed by the consumer. 

Towing

When a vehicle has to be towed, the registered owner is responsible for towing and storage charges.  If the owner fails to pick up their vehicle after being notified that it has been towed, the vehicle is then sold at auction.  In most cases, the vehicles are sold for very little, or even as scrap metal.  When this happens, the proceeds usually do not cover the towing and storage fees accrued, leaving a deficiency balance owed.

Self Storage Units

When a renter stops paying for their self storage unit, the rental facility 

has to sell the contents of the storage unit at auction in order to be able to re-rent the unit as well as satisfy the past-due payments.  Often, the amount collected at auction is not enough to cover the amount owed, which results in a deficiency balance.

 

Often, the collateral repossessed or sold has personal or sentimental value to the consumer.  When these items get sold, the consumer is usually very upset at the loss of their personal belongings, which can lead to them refusing to pay the deficiency balance out of anger.

At Landmark Collection Services, our goal is to help consumers understand why there is a balance owed, as well as show empathy towards their situation.  This allows us to come to an understanding and find a resolution to their financial obligations.

The Landmark Collection Services Advantage:

  • No fees if we don't collect

  • No upfront costs

  • Customized solutions for all types of accounts

  • Advanced skip tracing tools

  • Experienced legal team specializing in civil litigation

  • Professional and skilled collections team

  • No automated messages or robocalls

  • Fully compliant with all required laws and regulations

Contact us today to see how we can help you, or click here for more information.

Need Assistance?  Call Us

California:  925-435-5138

Pennsylvania:  412-872-1107

Toll Free:  833-505-5050

Or Email Us

landmarkcollectionservices@gmail.com

We're happy to work with you to find the best solution to your problem.

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© 2017 by Landmark Collection Services

*Please understand that this is a communication from a debt collector.  This is an attempt to collect a debt.  Any information obtained will be used for that purpose.