Debt Collection Agencies

Debt collection agencies are often a viable option for receiving payment on overdue bills. Here you can earn how debt collection agencies work and what to look for in reputable debt collection agencies.

Using outside debt collection agencies to pursue delinquent accounts may seem distasteful , sometimes even downright objectionable. You may be picturing Tony Soprano, baseball bat in hand, using unprofessional means to harass struggling debtors.

In reality, for many years the debt collections industry has boasted high-quality, professional debt collection agencies that have learned how to partner with clients and represent them in a manner consistent with the client's values - without damaging the reputations of the businesses they collect from. Using professional debt collections agencies can actually help your business grow.

Shopping For Debt Collection Agencies

When looking for debt collection agencies to serve your business start by asking for some references. Debt collection agencies offer different fee structures. Most debt collection agencies work your accounts for a percentage of what they collect. Average commissions run between 30 percent and 50 percent, but sometimes they charge a low flat fee per account.

Usually the larger, national debt collection agencies flat rates, charging you a single fee per account turned over. This method brings at least two advantages:

1} The debt collections agencies give every account equal treatment. They have no incentive to "skim" the larger balances with a bigger pay-off for the debt collector.

2} You can feel more comfortable turning over larger accounts to these debt collection agencies, since it won't cost you any more than the smaller ones.

Remember, your ability to partner effectively with debt collection agencies depends on how soon you turn the account over and how professional they will represent your business when collecting for you.

Collection Agency Outsourcing offers you free information on collection agencies and debt collections issues.

In The News:

pen paper and inkwell


cat break through


Top 5 Credit Misconceptions

We have all heard the rumors?from neighbors, relatives or friends.... Read More

How To Eliminate Credit Card Debt

There is almost nothing more troublesome than having too much... Read More

Credit Scores and Loan Applications

Keep Your Credit History Clean - Remove A Negative Credit... Read More

5 Killer Steps to avoid Credit Card SCAMS!

In August, 2004, the Federal Trade Commission issued their findings... Read More

Learn The Truth About Identity Theft

Identity theft is the fastest growing crime in America, according... Read More

How To Start A Second SEPERATE Credit File!

Your personal credit file is separated from those with the... Read More

Errors on Your Credit Report: What You Should Do

There are times when you may be turned down for... Read More

Credit Score - Reporting Your Financial Health

Credit score is one of the most basic, determining factor... Read More

Myths and Truth about Credit Scoring

Credit score is the key factor determining approval of almost... Read More

Do You Want to Get a New Credit Card at a Great Rate?

1) Do your homework. Applying for and getting approved for... Read More

Beware of Bogus Credit Repair Companies!

So-called "credit repair" companies claim they can remove negative information... Read More

The FICO Score Misconceptions

There are many misconceptions about credit scores out there. There... Read More

What Is a FICO Score and How Do I Make It Work for Me?

Whether or not you receive a loan and what interest... Read More

Why Credit Cards are a Bad Idea

Credit cards are just so convenient, aren't they? There's no... Read More

3 Free Credit Reports For You

If you were to tell someone that they can have... Read More

How Do I Establish A Good Line of Credit?

A line of credit, roughly defined, is the amount of... Read More

Clean Credit Report: Easily Raise Your Credit Score 100 points

Clean Credit Reports, your credit report contains information about where... Read More

Practical Suggestions for Protecting Yourself From Identity Theft

It's no surprise that thousands of Americans are victimized by... Read More

Are you paying higher interest on your credit cards than you think?

Many credit card holders sign up for a credit account... Read More

Fun with Credit Cards

For those of us who know how to use them... Read More

Good vs. Bad Credit Debt

Do you know the difference between good and bad credit... Read More

How did a Thief get my Name? Don?t be a Victim of Identity Theft

How do these people get my name? If you have... Read More

Useful Tips On Avoiding Credit and Charge Card Fraud

Credit and charge card fraud costs cardholders and issuers hundreds... Read More

10 Signs You May Need Credit Counseling

Debt management programs can be of real help for people... Read More

14 Common Credit Mistakes

Establishing credit and wisely managing your credit becomes easier when... Read More

How To Protect Yourself Against Credit Card Fraud

In the high tech world of today, credit card fraud... Read More

What Are The Most Common Credit Card Mistakes?

Now in a world with so many easy to get... Read More

Credit Report ? How to Improve Your Credit Score

One of the great mysteries of life is how the... Read More

What is Credit Repair and How Can It Help You?

There are millions of consumer credit reports on file from... Read More

Five Debt Negotiation Facts

These five debt negotiation facts along with a few debt... Read More

Negotiating Rates with Your Credit Card Company

Ok, let's face it, everybody hates high credit card rates,... Read More

What is a Credit Card?

A credit card allows you to buy things even though... Read More

Identity Theft ? Additional Protection for Soldiers on Active Duty

Congress passed the Fair Credit Reporting Act several years ago... Read More