CREDIT SYSTEMS INC

What CREDIT SYSTEMS INC does

Credit Systems, Inc. is a privately held third-party debt collection agency incorporated in Colorado in 1990 and headquartered in Colorado Springs, serving businesses statewide across Colorado. The firm recovers delinquent accounts receivable on a contingency basis for clients in six primary verticals: medical, retail, financial, utility, property management, and commercial accounts. Its core services are Delinquent Account Recovery (phone calls, letters, credit-bureau reporting, and legal action), Credit Reporting (via online membership with Experian, Equifax, and TransUnion), Skiptracing Services (multi-database consumer location via State Assessor, DMV, criminal, credit-bureau, voter-registration, and National Change of Address records), and Legal Action Services executed through a partner attorney when traditional collection efforts fail.

The underlying technology stack consists of a debt collection management system with integrated skiptracing and credit-bureau interfaces, maintained by an in-house degreed systems engineer, plus a self-serve consumer payment portal (mypayrazr.com) that accepts cash, money orders, checks, Visa, Mastercard, and check-by-phone payments. The business model is purely contingency-based: clients pay nothing upfront and Credit Systems retains a contractual percentage of amounts actually collected, with monthly client reporting on results. Distribution is direct — businesses reach the agency by phone, email, or mail, receive a competitive bid, and submit accounts via mail, fax, email, or electronic submission.

The firm is fully licensed, bonded, and insured, and is an affiliated member of ACA International and a BBB Accredited Business. It claims less than 1% of legal cases proceed to trial, has no disclosed parent company, no funding rounds, no acquisitions, and no M&A activity in the source data. Operations are concentrated in Colorado with no disclosed geographic expansion, and the firm operates with 11-50 employees using a sales-led go-to-market motion targeted at local businesses with delinquent receivables.

Name

CREDIT SYSTEMS INC

Legal name

Credit Systems, Inc.

Website

https://creditsystemsinc.net

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Credit Systems, Inc. is a Colorado-licensed third-party debt collection agency that recovers delinquent accounts on a contingency basis for medical, retail, financial, utility, property management, and commercial clients across Colorado, founded in 1990 and headquartered in Colorado Springs.

Ownership category

akta.pro rank

Product category

Debt Collection Services

NAICS

Collection Agencies (56144), Collection Agencies (561440)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro industry

PRIMARYBPAAAEAB

Third-Party Debt Collection Agencies (Consumer & Commercial)

Business & Public Services/Administrative & Support Services (BPO, Call Centers, Back Office)/Collections, Recovery & Skip Tracing Services

SECONDARYFSAKAJAN

Utilities/Telecom & Other Non-Financial Receivables Collections

Financial & Insurance/Lending & Consumer Finance/Debt Collection, Recovery & Servicing

Keywords

• Third-party debt collection
• Accounts receivable recovery
• Medical debt collection
• Commercial debt recovery
• Skiptracing services

Headquarters

HQ city

Grand Junction

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Contingency-Based Collection Fees: Services covered by retaining a percentage of funds collected for clients. No upfront costs to clients - payment only received upon successful collection of delinquent accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Credit Systems, Inc. is a licensed, bonded, and insured third-party debt collection agency that recovers delinquent accounts receivable on a contingency basis for business clients. Services cover medical, retail, financial, utility, property management, and commercial accounts using phone calls, letters, credit bureau reporting to Experian, Equifax, and TransUnion, skiptracing to locate missing consumers, and partner-attorney legal action as a last resort.

Product overview

Credit Systems, Inc. is a traditional debt collection agency offering a unified portfolio of accounts receivable recovery services. The core offering is Delinquent Account Recovery, which encompasses recovery across medical, retail, financial, utility, property management, and commercial accounts. This is supported by three key service components: Credit Reporting (reporting to Experian, Equifax, and TransUnion), Skiptracing Services (locating missing consumers through multiple database access), and Legal Action Services (partner attorney-based legal collection). The company does not offer a software platform or SaaS product—all services are delivered as professional collection agency services.

Differentiator

Problem solved

Functional benefit

Products and services

• Delinquent Account Recovery Third-party debt collection service for businesses with past-due receivables across medical, retail, financial, utility, property management, and commercial accounts. Uses phone calls, letters, credit bureau reporting, and legal action as collection tools.
• Credit Bureau Reporting Online membership with Experian, Equifax, and TransUnion to report delinquent accounts to all three major credit bureaus, making it unlikely delinquent customers will receive future credit until the debt is paid.
• Legal Action Services Partner attorney-based legal collection pursued when traditional collection efforts fail, supported by in-house legal staff trained in persuasion and negotiation. Less than 1% of legal cases proceed to trial.
• Skiptracing Services Consumer location services using multiple database access including State Assessor Records, DMV Records, Criminal Records, Credit Bureau Records, Voter Registration Records, and National Change of Address records to locate missing consumers.
• Consumer Online Payment Portal Online payment portal that allows consumers to make payments on accounts placed with the agency, accepting cash, money orders, checks, Visa, Mastercard, and check-by-phone payments.

Quantifiable outcome

• Less than 1% of legal cases proceed to trial

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• ACA InternationalcoreOthersAffiliated member of ACA International (American Collectors Association). Committed to compliance with the Code of Ethics and Standards adopted by ACA International.
• ExperiancoreTechnology or IntegrationOn-line member of Experian credit bureau. Enables credit reporting of delinquent accounts to Experian for coast-to-coast coverage within regulatory guidelines.
• EquifaxcoreTechnology or IntegrationOn-line member of Equifax credit bureau. Enables credit reporting of delinquent accounts to Equifax for coast-to-coast coverage within regulatory guidelines.
• TransUnioncoreTechnology or IntegrationOn-line member of TransUnion credit bureau. Enables credit reporting of delinquent accounts to TransUnion for coast-to-coast coverage within regulatory guidelines.
• Partner Attorney (Legal Services)supportingImplementation/ SI/ Consulting PartnerUses a partner attorney to pursue legal collection when traditional collection efforts are unsuccessful. In-house legal staff trained in persuasion and negotiation.

Scale indicators3 records

Recent moves6 records

Direct peers

• Transworld Systems: Debt recovery and accounts receivable management firm providing third-party collection services to small and mid-sized businesses. Comparable in serving business clients across consumer and commercial verticals on a contingency basis.
• Afni Inc. Privately held collections and customer contact services provider handling consumer debt recovery across financial, telecom, healthcare, and retail verticals. Comparable in third-party collection services, omnichannel contact, and credit bureau reporting.
• Performant Financial Corporation: Public debt recovery and analytics company providing third-party collection services primarily in healthcare and student lending. Comparable in third-party collection services, though larger and tech-enabled.
• CBE Group: Third-party debt collection agency offering consumer and commercial recovery services to healthcare, retail, financial, and government clients. Directly comparable in scope of verticals served and contingency-based pricing model.
• Convergent Outsourcing: Third-party debt collection agency operating across consumer and commercial verticals including healthcare, retail, telecom, and financial services. Directly comparable in service scope and contingency-based revenue model.
• IC System: Privately held third-party debt collection agency serving consumer and commercial creditors across multiple verticals. Closely comparable to Credit Systems in service mix (medical, retail, financial, utility), contingency pricing, and skiptracing/credit-bureau reporting capabilities.
• GC Services: Large third-party contact center and debt collection agency serving consumer and commercial accounts across multiple end markets. Comparable in contingency collection services, skip tracing, and credit bureau integration.

Broad incumbents

• PRA Group: Public global financial services company specializing in the purchase and collection of nonperforming loans. Operates in the same debt recovery space as Credit Systems but at significantly larger scale and with a debt-purchasing model alongside contingency collections.
• Encore Capital Group: Public multinational debt buyer and collector operating Midland Credit Management and other subsidiaries. Comparable in core debt recovery activities, but operates at materially larger scale across consumer and commercial portfolios.

Regional players

• EOS Group (EOS Holding): International debt collection services provider operating across Europe and select global markets. Comparable in third-party receivables management services, but does not directly compete in Credit Systems' Colorado market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/credit-systems-inc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 CREDIT SYSTEMS INC