How much is too much?
We spend a lot of time on the phone with prospective clients and the usual first question is “What are your fees?” As consumers we all want to feel like we are getting a fair deal. This is a normal question under normal circumstances.
When looking for a collection service provider it is tough to set the commission/fee question aside while evaluating the more important question: “Will this agency do everything they can to collect my money and provide me with timely feedback so I know what is happening?”
The fact is you may have already lost 100% of your money to your non-paying customer.
Be prepared to pay commission fees as high as 50% on accounts that are older than one year past due. 50% on something is far better than 100% of nothing.
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