The cheap Greekbill plan does not actively pursue collections at all. $15 per member per semester to basically just send a bill. They will send a couple of demand letters for delinquency, but that did nothing for our chapter.
The more expensive version does include more aggressive collections according to the person we spoke to on the phone, but the cost was much higher and did not seem worth it.
I have heard good things about Omega, but we have not looked at them yet.
Frankly, I think these are helpful- but unnecessary services. The real trick is to have alumni, a Housing Board preferably, that helps a chapter draft up leases and chapter dues commitments that the parents sign as well in a guarantor or personal guarantee capacity. Then you can go after Mom and Dad if the member drops out and stops paying.
That is a much more effective approach, especially when Mom or Dad hold a state license as part of their profession. In these cases, you can report the bad debt to their state licensing board- and that is a good way to get pretty quick collection results...
Edit- I should note, for practical purposes it is not a good idea to plan on going after parents for the money in every case. If someone just quits and is paid up when they leave- or close to it- then it is best to just leave it be. Not even GreekBill is going to collect in those kinds of situations most of the time. Reserve this kind of action for people who leave owing any past due rent or a lot of dues for semesters already past (but of course with strict adherence to rules and social suspension for late payers- you won't have people get this far in debt in the first place.)
Last edited by EE-BO; 02-11-2007 at 01:29 PM.
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