Finance System of Toledo, Inc., founded in 1952, is one of the largest and most experienced full-service collection agencies in Northwest Ohio.  During the past 56 years we have built a reputation for collecting, with the highest of professional and ethical standards.  We have a tradition of quality and honesty in meeting collection needs in Ohio, Michigan, and Indiana.

FST has always been locally owned and operated.  Our management team is proud to be involved in many civic groups and organizations in the Toledo Area.  Finance System of Toledo, Inc. holds membership in the American Collectors Association, the Ohio Collectors Association, Healthcare Client Services Program, the Toledo Better Business Bureau, and the Toledo Chamber of Commerce.

Finance System of Toledo, Inc., currently provides full-service collections to over 900 clients in the Tri-State area.  Our client base in the medical field includes hospitals, physician groups, private practice physicians, medical clinics, surgery centers, billing companies, and other medical facilities.  We also service clients in the retail, industrial, commercial, and business markets.  In addition we service several municipalities.  Over the past 30 years we have provided collection services for the Toledo-Lucas County Public Library system.

FST has a large debtor base due to a diverse client base and our 53 years in business.  This allows for success in accounts tying with others, which enables us to achieve better results where other agencies might fail.  Because we are confident in our ability to collect for you, we utilize the “no collection, no fee assessed” practice.

Our Staff

Finance System of Toledo, Inc., has a staff of 25 highly skilled professionals. Our collection staff has a wealth of experience in all types and phases of collection work. They are thoroughly versed in Federal and State Laws as well as the latest collection techniques.
 

Legal Program

            Finance System of Toledo, Inc. makes every effort to obtain payment in full on each account prior to pursuing legal action.  However, if we are unable to get payment-in-full through our normal collection efforts, we will pursue legal action in order to collect on the debt owed.

            Our agency has an excellent legal program due to our experienced, seasoned collection staff that exhibits thoroughness and attention to detail.  Legal action is pursued only on accounts that have a verified attachable asset.  It is extremely important that we do not waste your time or money in pursuing an account legally without having an attachable asset.

      There are two options available to our clients prior to legal proceedings.

• Our primary option is to have a signed blanket assignment on file that authorizes Finance System of Toledo, Inc. to pursue legal action on all eligible accounts.  In the case of a blanket assignment, notification of legal proceedings will be sent to you.  Included in this legal notification, there is a clause that states proceedings will begin in fourteen days.

• Our secondary option is to get approval with written permission to pursue legal action on every eligible account.

            Should you choose not to litigate, you simply need to notify us within the two-week period of your decision and we will remove the account from legal follow up.  However, if you wish for litigation to proceed, this gives you the opportunity to make any appropriate changes to the account.