Is It Possible To Negotiate Debt Collection Rates?

My boss wants me to cut costs. Do you think my collection agency will give me a discount?

Yes, many good collection agencies will offer a discount if your company places multiple accounts or the balance is very high or the account is new.

Typically, there are 3 rules to 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. An account that is 60 days past due has a greater chance of being collected than a two-year-old account. Collection agencies that get paid based on how much they collect will not have a large incentive to work on older past-due accounts, 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.

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A Collection Agency that I know will treat you good and give you a great rate is Rapid Recovery Collection Company

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