Collection Agencies

Collection Agencies

Real-World Collection Agency Rates

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We regularly survey BuyerZone users to ask how their purchases went. We've used their responses to provide a sampling of actual collection agency rates paid.

There are two distinct types of collection agency costs. The most typical is a contingency fee: the agency gets a set percentage of any monies they collect. However, some agencies charge a flat fee per account, regardless of how much is owed or recovered.

If you need help recovering one or two particular debts, you'll generally wind up paying a contingency fee. The set rate contracts are better suited for companies that have at least a handful of delinquent accounts every month.

Other factors that influence collection agency fees are the age of the debt and the amount owed. Older debt - more than a year - is more difficult for agencies to collect, so they often charge higher collection agency rates for older accounts. Also, to make it worth their while, they may increase the percentage on smaller debts.

Contingency pricing

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Fixed prices

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Want more information on choosing a Collection Agency? Read our Collection Agencies Buyer's Guide.

Information was provided by BuyerZone users. Quotes have been edited for clarity only.

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