Hiring A Collection Agency
Finding The Right Collection Agency To Use Can Be Difficult; Go ahead, it's FREE
WHY TAKE OUR PROFESSIONAL ADVICE?
You received a lot of advice over the course of your career, but is it all worth following?
I can tell you ONE thing we know collections... We can help you Take Action; Save Time; Offload Unpleasantness, and help Increase profitability ...
We have 30 years of experience in the accounts receivables industry. Over the years, we tested hundreds of Collection Agencies and Legal Firms, Billing Networks; by gut-wrenching trial and error, we found out who is the BEST, the WORST, and the completely OVERRATED ...in our world being the best doesn't mean the most aggressive collectors harassing your clients or consumers. Everyone in our network is friendly, licensed, and bonded and uses the best AI automation technology the collection industry has to offer!
“I simply had no idea where to begin in looking for a collection agency. With great encouragement and ease and advice, Jeff at PlaceYourDebt helped me in every area of expertise I needed. Their knowledge and impeccable service are truly unsurpassed.”
Judy Spencer - Raleigh, NC
“I am actually almost speechless from the level of efficiency and customer service they provided me. There is no other place to go to find the right agency for debt collections.. This is it. Number one. You’d be foolish not to use them.”
Joy Carper – NYC, NY
Collection Agencies by State or National
Are you looking for the right debt collection agency for your business needs?
To find the right Collection Agency for your small business, pick your State and CLICK the match me it's absolutely free... Get matched with Qualified Service Providers today.
Top 2020 Collection Agencies
Remember! The longer you wait to recover the debt on delinquent accounts, the less likely you are to receive payment. Old debts aren't like buying fine wine or vintage cars...
Since it can be difficult to collect money on accounts that refuse to pay, many small businesses turn to collection agencies for help.
Collection agencies differ based on industry type, locations served, collection type (consumer or commercial), and collection strategies.
Best B2B Collection Agency
Rates: 22%-25% per account; $200 minimum collection balance
🌟 Recommended Pick
Best B2C Collection Agency
Rates: Contact for quote (requires minimum of five accounts)
They prides themselves on being professional, friendly debt collectors.
Online Payment Portal
Best Collection Agency Law Firm for Small Businesses
⭐ Top 2020 Collection Coach
Below are the top debt collection coaches who can help you train your staff on how to recover on your defaulted borrowers. Try them out for a FREE 15-minute phone session...
Mary Shores, Creator of the Collection Advantage
Agencies Hire Me to Train Level 10 Collection Teams to Increase Revenue and Decrease Complaints
BOLD - NO-NONSENSE - APPROACHABLE - TENACIOUS | When people think of me, those are the words I hope come to mind.
Roger Morse, Onsite / Online Training
Onsite Training | Remote Management | Outsourcing | Leadership Development | Business Consultant
"Though my travels training collection staff and management, I have always found one thing to be factual.
Consistency agencies battle amongst themselves from management for internal control and collectors for lack of fairness. This causes turnover and a severe lack of production due to low morale."
Collection Law Firm by State
Are you looking for a Collection Law Firm near you?
To find the right Collection Law Firm for your small business, pick your State and CLICK Match Me for FREE QUOTE from Qualified Service Providers today.
How Does this Place Your Debt thing work?
We will connect you with the right Law Firm or Collection Agency to service your accounts.
"at no cost to you"
They Will Help You Recover Your Money, START Collecting today, and REPORT To Credit Bureaus.
Get your Free, No-Obligation Collection Agency, or Collection Law Firm Match TODAY!
Fill Out The Forum
Complete the short form upload your documents and portfolios to the secure cloud system.
We Evaluate Your Debt
We look at the type of accounts, The media, the Charge-off date, etc.
In 3, 2, 1 ! You're Matched
We will put you directly in touch with the placement agency or law firm
We can match you with the right buyer! 🤝 FREE
Don't forget to ask about our FREE portfolio evaluator
Need Skip Tracing Services?
we know the best, worst, and completely overrated ... let us match you with the Best!
Debt collection: FAQs
- Frequently Asked Questions about hiring a Debt Collection Agency -
How much does a collection agency charge?
Contingency Option: Our collection agencies will provide quotes based on what is referred to as a placement rate. The placement rate charged is typically 15-60% and is contingent on the debt being collected.
Flat fee Option: A one-time fee ranges between $5-$15 fees depending on what needs to be done to the account.
Will the collection agency collect on individual debts?
No, our collection agencies only collect on behalf of business or practice or lender.
Aren’t collection agencies often unprofessional and rude?
No, our collection agencies are established agencies that will collect a debt on behalf of your business in a manner that reflects your business values. Our collection agency's goal is not only to secure the payment for you but also to retain the customer in the past.
How do I receive the quotes?
You will receive the quotes via e-mail. You may also receive a phone call if the collection agency has questions. The questions will often help provide the agency with more information which leads to advantageous rates for you!
How long will it take before I receive my quotes?
You can expect to receive a call or email within 24 hours. Often times, it could come within the same business day.
Does it take a long time to complete the form?
No less than a few minutes.
What to do with Account balances over 90 days past due?
Account balances over 90 days past due are the most likely not to get paid and should be avoided if at all possible
What to do with Account balances over 120 days past due?
After 120 days accounts may be sent to an outside agency or a lawyer
How will you accept payments?
via bank transfer to your preferred bank
When is it worth to hire a collection agency?
30 days past due is when you should start looking to hire a debt collection agency near you
How much does it cost to hire a collection agency?
Rates are contingent and based on the amount of each account and delinquent date or "late payment" example: 30 days past due price ranges from 15-20% 60 days past due 20-25% 120 days past due 21-27% depending on the asset class.
When should you hire a collection agency?
after 30 days past due you should start looking for a debt collection or debt collection law firm near you.
Do collection agencies hire private investigators?
collection agencies hire professional skip tracing companies to help assist in the recovery efforts.
Will a merchant hire collection agency for $300
short answer is yes!
What happens when you hire a collection agency and they cant collect?
Fire them or go legal!
Can I hire collection agency for small debt
How to hire a medial debt collection agency?
Pick from our network of medical debt collection agencies near you.
How much to hire collection agency for tenant?
If your landlord looking to hire a collection agency or collection law firm rates depend on age 30, 60, 90 days and amount of the debt.
How much debt will make sense to hire collection agency?
That all depends on the debt collection agency onboarding parameters.
How to talk with a collection agency we hire?
What percentage does collections agency get commercial?
Rates depend on age and the amount of the account. Rates start anywhere around 10% to start.
How to collect an overdue invoice who to contact?
You can contact your local collection agency/collection law firm near you or in your State.
How to choose a commercial collection agency?
The best commercial collection agency or collection law firm would be near you or your own State.
How can a small business file through a collection agency?
The small business owners can submit their accounts receivables with the debt collection agencies secured FTP link. Make sure you password protect your data before upload.
How do i sue a company to collect unpaid invoices?
Short answer: Hire a qualified collection agency or a collection law firm through placeyourdebt.com
How does an attorney collect unpaid invoices?
They typically send a demand letter 1 -2 -3 30 days, 60 days 90 days, and after 90 days they will consult with you on the next steps.
What are debt collection agencies duties ?
Receiving payment and posting amount to customer's account; preparing statements to credit department if a customer fails to respond; initiating repossession proceedings or service disconnection; keeping records of collection and status of accounts.
How can you collect money from an overdue invoice?
You can outsource the invoice to a collection agency/collection law firm near you or in your State.
Does trying to collect on an invoice make you a debt collector?
Short Answer: No... as business owners we all have to wear many hats sometimes all at once.
How difficut is it to collect invoices?
Short Answer: All depends on how much time your willing to put in before you send that out to a qualified debt collection agency near your or collection law firm.
How do debt collection collect?
Locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment...
👨💼 TALK TO AN DEBT COLLECTION EXPERT 👩💼
We can help connect you with the right Collection Agency or Law Firm!
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Industries we serve
Medical - Dental - Small Business
Banks - Credit Unions - Auto -
Online Lenders -
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PYD is the leading placement provider for connecting with certified
Collection Agencies & Law Firms
Last updated: 12-2018
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Related services and offerings with links from this website, including vendor sites, have their own privacy statements that can be viewed by clicking on the corresponding links within each respective website. Online merchants and others who participate in Collection Agencies services are encouraged to participate in industry privacy initiatives and to take a responsible attitude towards consumer privacy. However, since we do not have direct control over the policies or practices of participating merchants and other third parties, we are not responsible for the privacy practices or contents of those sites. We recommend and encourage that you always review the privacy policies of merchants and other third parties before you provide any personal information or complete any transaction with such parties.
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Collection Agencies collects certain information from and about its users three ways: directly from our Web Server logs, the user, and with Cookies.
A. Web Server Logs.
When you visit our Collection Agencies we may track information to administer the site and analyze its usage. Examples of information we may track include:
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• The kind of browser or computer you use.
• Number of links you click within the site.
• State or country from which you accessed the site.
• Date and time of your visit.
• Name of your Internet service provider.
• Web page you linked to our site from.
• Pages you viewed on the site.
We also may use third party advertisements on Collection Agencies. Some of these advertisers may use technology such as cookies and web beacons when they advertise on our site, which will also send these advertisers (such as Google through the Google AdSense program) information including your IP address, your ISP, the browser you used to visit our site, and in some cases, whether you have Flash installed.
You can chose to disable or selectively turn off our cookies or third-party cookies in your browser settings, or by managing preferences in programs such as Norton Internet Security. However, this can affect how you are able to interact with our site as well as other websites. This could include the inability to login to services or programs, such as logging into forums or accounts.
C. Personal Information Users
Visitors to our website can register to purchase services. When you register, we will request some personal information such as name, address, email, telephone number or facsimile number, account number and other relevant information. If you are purchasing a service, we will request financial information. Any financial information we collect is used only to bill you for the services you purchased. If you purchase by credit card, this information may be forwarded to your credit card provider. For other types of registrations, we will ask for the relevant information. You may also be asked to disclose personal information to us so that we can provide assistance and information to you. For example, such data may be warranted in order to provide online technical support and troubleshooting.
We will not disclose personally identifiable information we collect from you to third parties without your permission except to the extent necessary including:
• To fulfill your service requests for services.
• To protect ourselves from liability,
• To respond to legal process or comply with law, or
• In connection with a merger, acquisition, or liquidation of the company.
4. Use of Web Beacons or GIF files
Collection Agencies web pages may contain electronic images known as Web beacons – sometimes also called single-pixel gifs – that allow Collection Agencies to count users who have visited those pages and to deliver co-branded services. Collection Agencies may include Web beacons in promotional e-mail messages or newsletters in order to determine whether messages have been opened and acted upon.
Some of these Web beacons may be placed by third party service providers to help determine the effectiveness of our advertising campaigns or email communications. These Web beacons may be used by these service providers to place a persistent cookie on your computer. This allows the service provider to recognize your computer each time you visit certain pages or emails and compile anonymous information in relation to those page views, which in turn enables us and our service providers to learn which advertisements and emails bring you to our website and how you use the site. Collection Agencies prohibits Web beacons from being used to collect or access your personal information.
5. Accessing Web Account Information
We will provide you with the means to ensure that personally identifiable information in your web account file is correct and current. You may review this information by contacting us.
6. Changes to this Statement
Collection Agencies has the discretion to occasionally update this privacy statement. When we do, we will also revise the “updated” date at the top of this Privacy page. We encourage you to periodically review this privacy statement to stay informed about how we are helping to protect the personal information we collect. Your continued use of the service constitutes your agreement to this privacy statement and any updates.
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