I'm always looking for ways to cut costs. Do collection agencies give discounts?
Yes, many good collection agencies will offer a discount if your company places multiple accounts or the balance is very high or the account is new.
Generally, there are three rules to follow to determine what rate your company will be charged:
Balance due. If you have a delinquent account totaling $5,000 or more, your company should be able to get a discounted rate.
Age of account. An account that is 60 days past due has a better chance of being collected than a 730 day old file. A Collection agency that get paid based on how much they collect will not have enough incentive to work on older past-due accounts, much less offer you a reduced rate 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. - 16890
Yes, many good collection agencies will offer a discount if your company places multiple accounts or the balance is very high or the account is new.
Generally, there are three rules to follow to determine what rate your company will be charged:
Balance due. If you have a delinquent account totaling $5,000 or more, your company should be able to get a discounted rate.
Age of account. An account that is 60 days past due has a better chance of being collected than a 730 day old file. A Collection agency that get paid based on how much they collect will not have enough incentive to work on older past-due accounts, much less offer you a reduced rate 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. - 16890
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One Collection Agency that i personally know will treat you good and give you a discounted rate is Rapid Recovery Collection Company
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