Many collection agencies urge you to place accounts with them as quickly as possible so that you save on fees, which increase the longer a debt ages.What they don’t tell you is that newer debts are much easier to collect, so their revenue is maximized with fees that you could have avoided had you not placed the account with them and focused efforts on collecting the debt yourself. Likewise, older debts tend to be more difficult to collect because over time the debtor may go out of business, file bankruptcy, or its assets get distributed or otherwise shielded from liability.For these reasons, traditional debt collection agencies charge higher fees for older debts, but this structure penalizes businesses for trying to collect debts on their own and avoiding fees altogether. Our approach is different.Our fee structure is based on the level of involvement we have in your claim, not the age of the debt.This structure encourages you to try to work out the situation with the debtor before turning to us - and we believe this results in more customer relationships being salvaged and maintained. If you choose to use us to collect your debt, we won’t charge you any up-front costs.No up-front retainers.No up-front requests for court costs and expenses.Nothing.Simply provide the information we need to get going, and leave the rest to us.You only pay us if we recover your debt – and you’ll be charged a flat, reasonable percentage regardless of the debt’s age.Any court costs and expenses incurred during the matter will be deducted after the fee percentage is computed on the recovery, so you only pay us if we collect for you.
Account Description
Rate
Accounts collected without litigation
20%
Accounts collected after litigation is commenced
30%
Debtor is located outside the United States
35%
Debtor is out of business (“skip” accounts)
35%
Accounts less than $2,000.00
45%
Merchandise returns
1/2 of Account Rate
Uncollected judgments or enforcement of judgments obtained through default