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Capital Recovery reaches collection milestone

November 18, 2012
From staff reports , The Herald-Star

COLUMBUS - Capital Recovery Systems Inc., a full-service receivables management and debt collection agency, serving the local government sector, recently reached the $150 million collection milestone for its Ohio court clients.

"We are quite proud of reaching this milestone," said Dennis Johnson, vice president of CRS. "This milestone is not only big for our organization, but for citizens and taxpayers in hundreds of Ohio counties, municipalities and villages."

CRS was founded in 1997 by Craig Klein, a Steubenville native, and has more than 90 employees at locations in Columbus and Steubenville. The focus of the company is on the collection of government debt, and more specifically, collecting outstanding fines, costs and fees for court clients at no cost to the client.

Johnson said CRS has returned huge sums of revenue to local governments at no cost to the taxpayer, their legislative authorities or from local court budgets, all due to an Ohio statute that allows courts to add the cost of collection to the defendant.

"That statute is a great example of our Legislature working with local governments to give them the tools to generate revenue without raising taxes, fees and court costs," Johnson said. "Although the law is not new it is seeing a large uptick in its use by local courts. Many of our clients have told us the money recovered has saved jobs, kept court costs down and in some cases was the difference in upgrading and building new facilities. Every court clerk using this program should be commended. Using outside debt collection is not always the popular thing to do and in most cases our clients are elected officials. The clerks using this statute are obviously dedicated to keeping costs down and budgets and revenues safe."

CRS currently has more than 500 government clients in Ohio, Pennsylvania, New Jersey, Indiana, Illinois, Michigan, West Virginia, Florida, New York and Missouri. CRS clients in the Steubenville area include Steubenville Municipal Court, Toronto city utilities and Weirton.

 
 

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