FABCO has earned a respected reputation in the rental collection industry since its establishment in 1943. Nationally recognized and a member of the American Collectors Association, FABCO focuses solely on rental debt collection to achieve better results. Our specialization in the multi-housing industry ensures that our collectors are professionally trained in the specific areas of landlord-tenant law, including but not limited to leases, security deposits, and The Fair Debt Collection Practices Act.
Our experienced collectors are professional, yet aggressive, and actively work to collect each account by utilizing exhaustive skip-tracing tactics to locate debtors. Beyond the dedication of our collectors, FABCO reports all collection accounts to one of the three national credit bureaus and places it on the individual’s FAB Rental Report.
FABCO reports and works all accounts free of charge with no pre-requisite of membership*. No debt is too small, and we accept accounts dating back 6 years regardless of previous collection attempts.
**A standard commission rate of 40% applies to all monies recovered, except accounts that require litigation. Please see “FABCO Rates” tab for details.
WORKING EVERY ANGLE
Whether the tenant has just moved out, or your attorney has deemed the account a “lost cause,” our Collection Department works every angle to provide clients with prompt and effective service.
- Notice letters
- Phone calls
- Accounts placed on the individual’s National Credit Report for 7 years
- Accounts placed on FAB Rental Report for 7 years
- Thorough methods of skip-tracing
- FABCO Screenings database constantly searching for and locating debtors
We never give up on an account until it is paid in full or has subject to the time frame limitations as prescribed by law. We continue to monitor accounts from every angle and our strategic practices have proven results.