Recovery v. Rate
Selecting a collection agency for your business needs can be a challenging task. Each agency offers its’ own set of programs, promotions and rates. Make sure the agency you choose provides the services that are important to you, whether it is skiptracing resources, credit bureau reporting or customized reports. While rates may seem to be the most important factor, be careful, the agency with the lowest rate may not be the one that returns the highest dollar amount.
What increases Recovery?
Although Express Collections is considered a regional collection service, our recovery percentage is higher than local agency standards
When to Place an Account for Collections
In reality, there is no perfect time frame because each account will have its’ own unique situation. However, the longer you wait, the more difficult an account can be to collect. Generally, accounts between 90-120 days old should be looked at for outside placement, but sometimes the decision to place an account will come sooner or later.
The sales and management staff at Express Collections will discuss these issues with creditors and develop a realistic timeline to refer accounts for collections based on individual needs and expectations.
As active members of ACA, we are networked with over 3000 Collection Services worldwide that can assist us in the collection of your delinquent accounts should your consumer move outside our region.