What a monthly remittance statement is
A remittance statement is a periodic summary sent by a collection service to the client who placed the accounts. At the Credit Bureau of Wellsboro, you receive one every month.
It provides collection information so you know exactly where your accounts stand, without having to call and ask.
How it fits into our collection process
The statement is one step in a process built around keeping you informed:
- You turn over your past-due accounts.
- Our staff works the accounts immediately.
- We confirm the accounts back to you in writing, so you have a record of what was turned over.
- You receive a monthly statement on where your accounts stand.
Keeping your own records
Written confirmation and a monthly statement give you a paper trail. You can compare what you placed with what we report, which generally makes bookkeeping and follow-up easier.
If you have a question about your statement, call 570-724-1041 and our staff will help.
No cost until payment is received
Our collection services carry no cost to you until a payment is received from the debtor. Read more on our page for no-fee-until-paid collections.
The statement reflects the status of your accounts as it stands each month.
Related collection services
Learn how we handle past-due account collections, or see how accounts can be placed on Experian, a national credit reporting agency, in our page on collection reporting. The full overview is on our collection services page.
To place accounts or ask a question, contact us.
Frequently asked questions
How often do I receive a remittance statement?
You receive a remittance statement every month. It gives you collection information so you know where your accounts stand.
How do I know the bureau received my accounts?
We confirm accounts back to you in writing, so you have a record of what was turned over.
Is there a cost to place accounts?
There is no cost to you until a payment is received from the debtor.
Can someone explain my monthly statement?
Yes. Call 570-724-1041 during office hours, Monday through Friday, 9 a.m. to 3 p.m., and our staff will walk you through it.