Can I Negotiate Debt Collection Rates?
JR Rooney
My boss wants me to cut costs. Do you think my collection agency will give me a discount?
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 past due account totaling $5,000 or more, your company might 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.
A http://www.rapidrecoverysolution.com/ Collection Agency that I know will treat you good and give you a great rate is Rapid Recovery http://rapidrecoverysolution.com/Collection_Company.html Collection Company
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