Dedicated Commercial Recovery and Lease Security Systems Form Referral Relationship

Dedicated Commercial Recovery and Lease Security Systems entered an agreement to form a mutual referral relationship. The agreement centers on Dedicated Commercial Recovery’s use of Lease Security Systems’ Blok Box.

The Blok Box is a combination surge protector and power interrupter that can be installed on electrically powered or controlled equipment. The Blok Box allows equipment to work normally until there is a default in payment, at which point a secured lender or lessor can disable the equipment remotely and wirelessly through the Blok Box website. When a default is resolved, the lender or lessor can return the equipment to normal operation immediately.

“We see this technology as an enhancement to our lessor services and to our commitment to work proactively and openly with lessees,” Shawn Smith, CEO of Dedicated Commercial Recovery, said. “Blok Box allows us to be firm and yet unobtrusive. It’s a much more good-willed approach to default than traditional repossession.”

“With Blok Box, leased equipment can be tracked easily and deactivated remotely, if needed,” Frank Thibodeau, president of Lease Security Systems, said. “Though, in most cases, the Blok Box service simply compels improved communication between the lessee and lessor before a cash flow issue becomes a default problem. We know that our customers appreciate collection tools that are not heavy-handed, and that is why we recommend Dedicated Commercial Recovery to our customers.”

“At Dedicated, we will encourage our clients to use Blok Box as a tool to help facilitate open and honest communication between lessees and lessors,” Smith said. “This technology is tailor-made for a collections company like ours, where we value relationships and strive to honor the dignity of everyone we serve.”