Collection Agency Cost can be a bit of a mystery to business owners. How much do they charge? What services do they offer? What can you expect to pay? In this article, we will answer all of your questions about Collection Agency Cost! We will explain what services Collection Agencies provide, how much you can expect to pay, and some tips on how to get the best deal possible.
Collection Agency Services
Collection Agencies provide a variety of services. The main service they offer is debt collection, which entails recovering overdue payments from customers and clients. They also provide other services such as credit reporting, legal assistance, and financial counseling. Each agency varies in terms of the services they offer, so it’s important to do your research and find an agency that meets your needs.
Collection Agency Cost Structure
Collection Agencies typically charge their fees on a contingency basis. This means that you only pay if and when they are successful in collecting payment from your customer or client. Fees can range anywhere from 15%-50% of the total amount collected. It’s important to note that some agencies charge a flat fee regardless of the amount collected. We hope this information was helpful.