Collection Agency

[mikefromny]

anybody ever have to use there to collect as little as a couple hundred bucks ? if so which ones and what is the fee/percentage they take, thanks!

[toac]

I've never used one, but I hear good things about olddebts.com

[Bill S]

I use a company out of PA called JKM credit services. Their rates are competitive and the lady I deal with is very persistant. While I haven't had to use them for a couple years now (thankfully) I wouldn't hesitate to call them in a moments notice. Contact me and I will give you their info.

Bill
www.wjsmallwood.com

[milsaps118]

I use a company called Transworld Systems. They are a huge nation wide firm that has one of the highest collection rates. They get paid on a retainer, meaning you pay an up front fee. They have different packages you can buy into depending on the level of service you want. The package I have is 25 collections that are good for 2 years for $495.00. It works out great if you use all your allowable collections. In my case if I use all 25, that equates to $20 per collection. They don't get any other fees besides the initial cost. Check out their website, just search Transworld Systems. Good luck.

[mikefromny]

bump...............

[batdaddy044]

For smaller debts , sometimes it's more economical (and time efficient), to
simply write them off as "bad debt" , at tax time .

[group501]

American Agencies also does a good job with collections. We have used them for 3 years and are very happy with them. Collections are broken into two phases:

Phase 1 collections consist of a series of 4 letters mailed with American Agencies collections letterhead. About 80% of the accounts that we submitted to collections are paid after receiving the collections letters. The cost for phase 1 collections is about $10.00 per account and are pre purchased in blocks of (30?). The letters direct the customer to pay you directly.

Phase 2 collections are enforced after phase 1 has not worked. During phase 2 collections, American Agencies calls the customer and attempts to collect the debt. Phase 2 collections are collected by the collection agency and they subsequently pay you 60% of all revenues that they collect on the debt. If phase 2 fails then a report of the unpaid debt is made to the appropriate credit reporting agencies.

American Agencies main offices are located in California. Their web site is: www.cachquest.net .

[group501]

wrong web address above: :o . Correct address is www.cachequest.net

[paponte]

I have a local company that charges me 25%. But they will do what they have to do. This guy will knock on doors to get paid. :)

[mikefromny]

anybody use olddebts.com or anyother ones like this?