Understanding Third-Party Collections in ClubReady
Third-party collections involve the process of recovering outstanding debts owed to a business. When a Subscriber chooses Swift Funds Financial Services (“Swift Funds”) as their third-party collection provider, Swift Funds becomes the designated vendor for this service, as preferred by ClubReady.
In ClubReady, past-due accounts are transitioned to third-party status based on a predetermined date. The default setting is 90 days, though this can be customized to suit your preferences. The objective of third-party collections is to recover lost revenue and encourage members to return to active billing.
Swift Funds communicates directly with members who have defaulted on payments in order to recover owed funds.
What is FitRemit?
FitRemit is an email blast service used by the Swift Funds Financial Services team to send past-due communications to members.