$94,529,045
Total amount of debt reported to The Credit App.
$25,522,842
Total amount collected for our customers.
27%
27% of all accounts are paid-in-full.
Average debt reported $6,811.
About us
The Credit App allows contractors, small business owners, and sole proprietors to report defaults and nonpayment from their customers directly to the credit bureaus. With our Credit App, you can avoid the $300 an hour collection attorneys and the 30% fees from collection agents. You get the same result for a low flat fee and spend the same amount of time it would take to fill out the contract with the debt collector.
All you have to do is fill out the new debtor form, pay the $99, and wait for your customer to call. The customer immediately receives an email and a text letting them know what is going on. Within a week they will receive a certified letter further explaining the situation.
They receive two weeks to pay or dispute the claim and then the balance owed goes on their credit report, right next to your company's name.
Debt Collection Options:
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$300 an hour for an attorney, which is one threatening letter, minimum $5,000 if they have to go to court​
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30% of what is collected by a traditional debt collector, which is 30% of the negotiated settlement, not the full contract price
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DIY- Send threatening letters yourself or file a mechanics lien yourself, which would still cost ~$150 in court costs, clerk filing costs, notary costs, and a couple hours of your time
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$99 for The Credit App- 5 minutes of your time for threatening notices and preventing them from borrowing money for 7 years and possibly not getting a job due to credit checks
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What's the difference between The Credit App and a debt collector or attorney?
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The Credit App is a service to help small business owners collect. We provide the tools for business owners to quickly and cheaply collect late payments and defaults. When you use a traditional debt collector or attorney you normally pay 30% of what they collect or ($300 per hour). This might sound appealing because you only pay if they collect money. Unfortunately, what normally happens is: You are owed $10,000 from a nonpaying customer. You call a debt collector and sign up for a 30% collection fee. The debt collector calls your customer and says, "will you settle for $5,000"? The debtor says, "that will work". The collector takes a $1,500 cut and the creditor gets $3,500. I guess this is better than nothing? With The Credit App, you pay a flat $99 to do the same thing that a collector would do plus much more in the same amount of time it would take you to fill out the contract with the debt collector. Are you guaranteed to get paid when using The Credit App? No, but this is a numbers game. If you submit five debtors for $500 and one pays you that $10,000, that is a great deal!