I'm always looking for ways to cut costs. Do collection agencies give discounts?
Yes, a well established collection agency will offer a discounted rate if your company sends them multiple accounts or the balance is very high or the account is new.
Typically, there are 3 rules to follow to determine what rate your company will be charged:
Balance due. If you have a bad account totaling $5,000 or more, your company may qualify be able to get a discounted rate.
Age of account. A past due account that is 60 days old has a greater chance of being recovered than a 730 day old account. Collection agencies that get paid based on 100% commission will not have a large incentive to work on older past-due account, much less offer you a discount on them.
Volume discounts. If you have many accounts to collect, you should be able to secure a discounted rate. For example, if your company has twenty five delinquent accounts for 25K that are less than a year old, it should get 30 percent to 35 percent off regular price, unless you entered into a different kind of arrangement. - 15246
Yes, a well established collection agency will offer a discounted rate if your company sends them multiple accounts or the balance is very high or the account is new.
Typically, there are 3 rules to follow to determine what rate your company will be charged:
Balance due. If you have a bad account totaling $5,000 or more, your company may qualify be able to get a discounted rate.
Age of account. A past due account that is 60 days old has a greater chance of being recovered than a 730 day old account. Collection agencies that get paid based on 100% commission will not have a large incentive to work on older past-due account, much less offer you a discount on them.
Volume discounts. If you have many accounts to collect, you should be able to secure a discounted rate. For example, if your company has twenty five delinquent accounts for 25K that are less than a year old, it should get 30 percent to 35 percent off regular price, unless you entered into a different kind of arrangement. - 15246
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A Collection Agency that i personally know will treat you good and give you a great rate is Rapid Recovery Collection Company
