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Is it possible to Negotiate Debt Collection Rates? |
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I'm always looking for ways to cut costs. Do collection agencies give discounts? I'm always looking for ways to cut costs. Do collection agencies give discounts? Yes, most collection agencies do offer a discount if your company assigns 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 delinquent account totaling $5,000 or more, your company should 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 multiple accounts to collect, you should be able to secure a discounted rate. For example, if your company has 25 delinquent accounts for $25,000 that are less than a year old, it should get 30% to 35% off regular price, unless you entered into a different kind of arrangement. About the Author: One Collection Agency that I know will treat you good and give you a discounted rate is Rapid Recovery Collection Company Get a totally unique version of this article from our article submission service |
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