Monday, December 19, 2011
News Update From TransUnion
Here's a timely article from one of our suppliers that we thought you may find interesting. Click Here
Wednesday, November 16, 2011
Monday, October 24, 2011
PROFESSIONAL SERVICE FEES
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.
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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