JewelersAlert.com Launches Debt Collection Service

A licensed debt collector service created to serve the U. S. diamond and jewelry trade has been launched by JewelersAlert.com. The Jewelers Alert Collection Corporation (JACC) already has trademarked the slogan: “A debtor’s worst nightmare.”

“A traditional debt collection agency doesn’t understand the unique business structure and challenges of the diamond and jewelry industry,” says Zev Oster, president of both JewelersAlert.com and JACC, on announcing the new service Wednesday.

“Not only do we have a team of experienced debt collectors, but we offer the latest technology in debt collection. Combined with our expertise in the jewelry industry, we have the tools and skills needed to work productively and effectively for our clients. It’s the best of both worlds,” Oster added.

The JACC states that in addition to traditional methods of tracking debt collections such as email, mail and fax, it will be reporting to credit bureaus and use attorneys. Members of JewelersAlert.com who wish to use JACC will have the $50 placement fee waived, according to the company.