Need a convenient solution to secure your funds without charging an up front fee?
We know it is a difficult industry to find a payment processor willing to handle Credit Servicing accounts. At Payment Automation Network we specialize in payment processing for your industry. Our comprehensive servicing manages all aspects of collecting payments and disbursing funds, eliminating the frustration of payment collections. We collect funds by electronic debit on the payment due dates and we disburse funds to you—Daily.
We Collect Payments
We collect payments directly from your clients bank account and send them to you.
We Handle Trust Accounts
We can help keep you compliant by holding your funds in trust until your work is completed.
We provide you with comprehensive statement of funds collected, amount disbursed to your company, servicing fees & escrow deposits.
24/7 Account Monitoring
24/7 secure access to Payment disbursement statements, payment histories, delinquent reports and projected cash flow reports.
You Receive Your Funds
We disburse your funds, daily, directly to your bank account.
Getting Paid for Credit Repair Services and Credit Servicing
As you know, the FTC and CROA have been cracking down on credit service companies to ensure compliance. Credit Service companies are not allowed to charge an upfront fee for their service. But to do the work and then try to collect will put a company’s funds at risk. We offer a solution to the credit service industry.
Payment Automation Network is a payment servicing company that specializes in industries that are not allowed to charge an upfront fee for services. We have several Credit Repair Companies using our integrated escrow payment servicing. We can draft your payment and hold it in our FDIC insured third party escrow account and release your funds after your first round of work is completed.
Most Credit Repair Service companies find charging a small monthly amount, rather than a full fee, will help build trust with your client in addition to ensuring that they are working with someone who is both serious about solving their credit problem and able to offer affordable pay as you go services.
Of course, you want to collect your payments with as little hassle as possible. The easier you can make it for clients to pay you, the more likely you are to get paid—and get paid faster. With Payment Automation Network payment servicing, you can setup an easy to afford payment schedule and have your fees automatically drafted from your client’s bank account. Our system will also send email reminders before processing payments, ensuring deductions are made on the scheduled due date. This guarantees you receive on-time payments, enhancing your overall payment experience.
What is Credit Repair?
Credit repair is the process of fixing poor credit standing that may have deteriorated for a variety of different reasons. Repairing credit standing may be as simple as disputing mistakes and other information with the credit agencies. Fixing identity theft, and the damage incurred, may require extensive credit repair work.
Credit Services May Include Help With
Obtaining Lines of Credit
Our underwriting process is quick an easy. We will work with you to gather the necessary documents and information for each account in a quick and efficient way to avoid any data entry delays. To get started, please will out the form below: