|It's a sad fact. Providers often face the hassles and stress of parents who are bad daycare payment risks. In many cases, these parents are just making the rounds... hopping from provider to provider. They may have a long history of non-payment or even childcare collection proceedings. If you had only known that to begin with, you would have never accepted them as customers.|
ProviderWatch Delivers the Vital Information You Need To
Make Confident and Accurate Decisions
Based on Past Daycare Payment History
Before you accept another new customer, wouldn't you love to know if the parent:
Would that information affect your decision? Of course, it would! With the "No Regrets" Risk Management System by ProviderWatch, you can find out all this and more.
- has unsettled daycare payments at another provider?
- owes anything, and if so, how much?
- is currently involved in a childcare collection proceeding?
- has a history of bouncing checks?
It's Credit Reporting and Credit Checking
Exclusively for Daycare Providers
Large corporations know the value of checking credit reports before dealing with new customers. They know that checking beforehand can help them avoid BIG problems and major legal expenses in the future. But small, in-home care providers can't afford the huge fees it takes to run credit histories or report delinquent parents to agencies like Equifax or TransUnion. That is, until now!
Finally, there's a consumer-reporting agency exclusively for childcare providers. Now, you can legally report parents who consistently neglect to make their daycare payment or those you send to a childcare collection agency.
|Did you know??|
|47% of providers who require prepayment have still lost an average of $588.00 in just the past 12 months!|
|63% of providers have suffered a delinquent daycare payment due to bounced checks. |
|The percentage of providers that have had bounced checks is the same, even for those who currently require pre-payment! |
|67% of providers have had parents terminate care without giving required notice. |
|25% of providers who accept state or federally subsidized care have trouble with childcare collection procedures. |