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Is it possible to Negotiate Debt Collection Rates? |
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| Written by JR Rooney |
| Tuesday, 16 September 2008 08:55 |
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I'm need to collect some past due accounts. Do collection agencies give volume 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. Usually, there are 3 basic rules they 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. About the Author: A Collection Agency that i personally know will treat you good and give you a discounted rate is Rapid Recovery Collection Company Don't reprint this exact article. Instead, reprint a free unique content version of this same article.
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