Approved Credit Solutions

What Approved Credit Solutions does

Approved Credit Solutions, Inc. is a privately held U.S. debt collection and accounts receivable management agency headquartered in Greenwood that recovers outstanding receivables on behalf of small and mid-sized business clients on a contingency fee basis. Its offering is a single integrated service bundle covering skip tracing, customized demand letter series, NSF check handling, fee schedule management, credit bureau reporting, and legal assistance, with no fees charged unless debt is successfully recovered.

Underpinning the service is a debt collection platform built around a real-time client portal — developed by OuterLimits Technologies and branded under "ACS" — that allows clients to view payments, monitor account status, and interact directly with assigned agents 24/7. Payment intake is processed through USAePay, and the firm markets its skip tracing and reporting capabilities as a technology differentiator, though the source material does not describe AI, machine learning, or proprietary modeling components. The company is FDCPA-compliant, fully licensed and bonded, and holds an A+ Better Business Bureau accreditation.

The firm makes money only when it collects, operating a sales-led, direct B2B go-to-market aimed at SMB owners who lack the resources or expertise to run in-house collections. Lead capture is driven by the company website (approvedcreditsolutions.com), a contact form with a 24-hour response guarantee, and social channels (Facebook, LinkedIn, Twitter, Instagram); there are no intermediaries, no named enterprise customers, no disclosed partnerships, and no external funding. The business is privately held, operates exclusively in the United States, and has run with an 11-50 employee headcount profile without documented acquisitions, leadership turnover, or product line extensions.

Name

Approved Credit Solutions

Legal name

Approved Credit Solutions, Inc.

Website

https://approvedcreditsolutions.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Approved Credit Solutions is a U.S.-based, privately held debt collection agency that recovers outstanding receivables for small and mid-sized businesses on a contingency fee basis, bundling skip tracing, credit bureau reporting, and legal assistance into a single no-upfront-cost service.

Ownership category

akta.pro rank

Product category

Commercial Debt Collection Services

NAICS

Collection Agencies (56144), Collection Agencies (561440)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Third-Party Collection Agencies (Consumer) (FSAKAJAB)

akta.pro secondary industry

Payment Processing for Collections (Lockbox, ACH, Card, IVR) (FSAKAJAJ)

Keywords

• Debt collection services
• Accounts receivable management
• Commercial debt recovery
• Skip tracing services
• Credit bureau reporting

Headquarters

HQ city

Greenwood

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Contingency-Based Debt Collection: The company operates on a contingency fee model where clients pay nothing until a debt is successfully collected. Fees are likely charged as a percentage of recovered debt, aligning incentives between the agency and the client.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Approved Credit Solutions provides third-party commercial debt collection and accounts receivable management for business clients. It pursues outstanding debts on a contingency basis with no upfront cost, supported by skip tracing, customized letter series, NSF check handling, credit bureau reporting, and legal assistance. Clients receive a dedicated personal account representative with 24/7 availability and access to a real-time client portal for monitoring account payments.

Product overview

Approved Credit Solutions offers a unified debt collection service focused on no-cost debt recovery for business clients. The company's single core offering combines advanced skip tracing and reporting, customized letter series, fee schedules, NSF check handling, credit bureau reporting, and legal assistance into an integrated accounts receivable management solution. Clients receive dedicated account representatives with 24/7 availability, and the service operates on a contingency basis—meaning no payment is required until debts are successfully collected.

Differentiator

Problem solved

Functional benefit

Products and services

• Debt Collection Services Contingency-based third-party debt recovery service that collects outstanding commercial debts on behalf of business clients, with no fee charged until the debt is successfully recovered.
• Accounts Receivable Management Outsourced management of client accounts receivable, including dedicated personal account representatives who work client accounts and provide 24/7 availability and real-time payment visibility through the client portal.
• Skip Tracing and Reporting Innovative debt collection technology used to locate debtors and provide clients with reporting on account status.
• NSF Check Recovery Recovery of non-sufficient funds (NSF) checks on behalf of business clients, handled as part of a customized letter series and fee schedule.
• Credit Bureau Reporting Reporting of unpaid accounts to credit bureaus as part of the collections workflow.
• Legal Assistance for Debt Recovery Legal assistance provided to support debt recovery efforts where standard collection activity is insufficient.

Quantifiable outcome

• Higher debt collection rate than the current industry standard
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• I.C. System: Mid-sized third-party debt collection agency focused on SMB and consumer receivables with a contingency fee structure and BBB accreditation. Highly comparable to ACS on size, business model, target customer, and regulated-services positioning.
• Coast Professional: Contingency-based third-party collection agency serving education, healthcare, and commercial SMB clients. Comparable to ACS in recovery services, skip tracing capabilities, and contingent pricing.
• Windham Professionals: Contingency-driven third-party debt collection and skip tracing firm serving commercial and consumer creditors. Direct overlap with ACS on services, customer segment, and pricing model.
• AFNI: Established third-party collection agency operating contingency and first-party accounts receivable management programs for SMB and enterprise creditors. Comparable on collections services breadth and regulated-agent positioning.
• Hunter Warfield: Contingency-based commercial debt collection agency serving SMB landlords, property managers, and business-to-business creditors. Direct peer on model, size, and target customer profile.
• CBE Companies: Contingency-based consumer and commercial collection agency serving SMB creditors. Direct overlap with ACS on contingency pricing, skip tracing, and credit bureau reporting.
• Williams & Fudge: Contingency debt collection agency focused on higher education and commercial SMB verticals. Comparable to ACS on contingency pricing, customer segment, and complementary services.
• Transworld Systems: Parent of multiple consumer and commercial collection brands offering contingency recovery, credit reporting, and legal recovery services. Closely comparable to ACS's service bundle and SMB-targeted GTM.

Broad incumbents

• PRA Group: Public, large-scale debt purchaser and collection agency operating across consumer and commercial portfolios globally. Overlaps with ACS on third-party agency collections and skip tracing, but on a much larger and broader footing.

Emerging players

• TrueAccord: Tech-enabled, digital-first debt collection platform using machine learning and consumer-friendly outreach for creditors. Competes for the same SMB creditor budgets with a fundamentally lower cost-to-collect than traditional contingency agencies like ACS.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ApprovedCreditSolutions

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Approved Credit Solutions