Frequently Ask Questions
Why should I hire a collection agency?
You should hire a collection agency when you have customers or individuals who owe you money and refuse to pay, despite your own efforts to collect the debt.
What type of debt will collection agencies collect on?
Most collection agencies are willing to collect on a wide array of debt. From rental, medical, and even commercial debts. No matter what the debt or what the amount is, collection agencies will make a professional effort to recover the debt.
Will the collection agency get the payment on every account?
No, payments are not guaranteed. Collection agencies should make every possible attempt within FDCPA laws to collect the debt but sometimes individual’s just simple refuse or cannot pay the debt.
How do I know how many accounts to put on the form?
If you have records, a quick scan through the records should give you a good idea of how many accounts you need to place with a collection agency. If you are unsure, just make your best estimate.
Do you have any suggestions on how to improve my experience with using a collection agency?
Yes! Have all of the paperwork on the accounts ready to be faxed or emailed to which collection agency you pick. The earlier you place the accounts, the more quickly the money will be come in!
What is the advantage of getting quotes from multiple collection agencies?
Getting quotes and communicating with multiple collections will insure you get a fair, competitive price and you also should feel comfortable with the collection agency you choose to work with.