{"id":4887,"date":"2008-09-16T03:46:52","date_gmt":"2008-09-16T08:46:52","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/09\/16\/is-it-possible-to-negotiate-debt-collection-rates\/"},"modified":"2008-09-16T03:46:52","modified_gmt":"2008-09-16T08:46:52","slug":"is-it-possible-to-negotiate-debt-collection-rates","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=4887","title":{"rendered":"Is it possible to Negotiate Debt Collection Rates?"},"content":{"rendered":"<div style='italic;' class='uawbyline'>by JR Rooney<\/div>\n<p>My boss wants me to cut costs. Do you think my collection agency will give me a discount?<\/p>\n<p>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.<\/p>\n<p>Usually, there are 3 basic rules they follow to determine what rate your company will be charged:<\/p>\n<p>Balance due. If you have a delinquent account totaling $5,000 or more, your company should be able to get a discounted rate.<\/p>\n<p>Age of account. A past due account that is 60 days old has a greater chance of being recovered than a 730 day old account. Collection agencies that get paid based on 100% commission will not have a large incentive to work on older past-due account, much less offer you a discount on them.<\/p>\n<p>Volume discounts. If you have a lot of accounts to collect, you should be able to secure a smaller rate. For example, if your company has 25 past due accounts for $25,000 that are less than one year old, you should get 30 percent to 35 percent off regular rates, unless you entered into a different kind of arrangement.<\/p>\n<div class='uawresource'>\n<div style='italic;' class='uawabout'>About the Author:<\/div>\n<div class='uawlinks'>One <a href=\"http:\/\/www.rapidrecoverysolution.com\">Collection Agency<\/a> that i personally know will treat you good and give you a great rate is Rapid Recovery <a href=\"http:\/\/rapidrecoverysolution.com\/Collection_Company.html\">Collection Company<\/a> Don&#8217;t reprint this exact article.  Instead, reprint a free <a href='http:\/\/www.uberarticles.com\/?id=27988&amp;p=2868'>unique content<\/a> version of this same article.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>My boss wants me to cut costs. Do you think my collection agency will give me a discount?<\/p>\n","protected":false},"author":1847,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84],"class_list":["post-4887","post","type-post","status-publish","format-standard","hentry","category-entrepreneurs","tag-entrepreneurs"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1847"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4887"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4887\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}