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How Much Does it Cost To Hire a Collection Agency?

What if we told you, nothing?! Did we pique your interest?

Business managers need solutions to get overdue accounts paid. But of course you don’t want to incur additional costs to track down late payments. So many managers considering it for the first time want to know: how much does it cost to hire a collection agency?

The good news is that Professional Recovery Consultants, Inc. works most of our clients’ accounts on a contingency fee only basis. No collections: no fee. In other words, if we don’t collect, you don’t pay.

How Collection Agencies Work

Collection agencies work in a variety of ways and some only take on certain types of projects. Agencies who charge contingency fees generally charge based on how much money is being collected and how old the debt is. You’ll get a better deal (and a much higher chance of collecting) if you turn over collections to your agency within 90 to 120 days.

PRC offers both fee programs: upfront and contingency-only. We will help you with both short-term projects or permanent solutions. Some clients qualify for our Small Business program, but most others will be managed for no upfront cost.

Well, that’s a stretch. As the saying goes: “Time is Money,” so it will cost you something — your time.

Why PRC

We pride ourselves in our ability to establish a relationship with you and get to know your business. We will speak with you about your needs and create a tailored solution for your outstanding A/R. Other reasons to choose PRC:

  • We will train you on PRC’s policies and system to ensure that we both have clear expectations of our relationship.
  • We will walk you through the collection cycle and what that means for your business.
  • We will even walk you through our call center and introduce you to our staff and executives.

We want you to know your business is in good hands. We can assure you that we are risk-free way to collect your outstanding receivables. Contact us today to learn more.