FAQ
Frequently Asked Question
Common Questions Regarding Commercial Debt Collection Services
Is there an upfront cost to engage The Commercial Collection Agency
Certainly. No, we don’t. We offer all our commercial collection services on a contingency basis. We only get paid if we successfully collect the money owed to you.
What is a Commercial Collection Agency?
A Commercial Collection Agency offers debt collection services for business-to-business transactions. In cases where the transaction involves a sole proprietorship (not a corporation or limited liability company), the agency can also attempt to collect directly from the individual owner, in addition to the company that placed the order for the product or service. Moreover, if an individual provides a personal guarantee for a corporate or LLC liability, the commercial collection agency can also pursue collection from that individual.
Is account receivable collection the same as a debt collection?
Yes, indeed. An account receivable from a business, arising from providing a product or service, is termed a debt once a collection agency has been tasked with aiding in its recovery.
Is a local or national collection agency right for you?
In the realm of debt collection, locality holds little significance. The efficacy of a commercial collection agency hinges more on the expertise and preparation of its collectors, their approach to collection, tenacity, prompt follow-up, and the ability to discern truth from fiction. The majority of work is conducted via phone or fax, while research is primarily accomplished through the Internet and phone calls—thus, geographical proximity is negligible. The Commercial Collection Agency extends its commercial collection services to clients across the United States and around the globe, irrespective of the location of debtors throughout North America.
Does the Commercial Collection Agency handle claims in all states?
Certainly! We offer debt collection services across the United States and throughout North America. Additionally, for our regular commercial collection clients seeking assistance with international debts, we provide referrals to qualified attorneys located in the debtor’s local area.
Does The Commercial Collection Agency provide debt collection services for foreign companies?
We have substantial experience in providing commercial collection services for foreign companies that are owed money by North American companies. Typically, we achieve excellent results when U.S. debtors realize that a professional firm like The Commercial Collection Agency is demanding payment and will not tolerate the excuses and delays that may have been effective with foreign vendors.
What does Commercial Collection Agency charge for collection services?
You won’t incur any fees unless we successfully collect your money. Since each case varies, we discuss with clients to ascertain if our highly competitive standard rates (ranging from 10% to 25%) apply or if there are special circumstances that may allow us to offer discounted rates.
Our rates have remained consistent for over two decades, demonstrating to our long-standing clients that our commercial collection rates yield their lowest net cost (i.e., the amount recovered after deducting fees).
What is the smallest size debt The Commercial Collection Agency will help collect?
For our existing clients, we extend debt collection services for amounts as low as $1,000. However, for new clients, the average claim size must be above $5,000 to initiate our services.
What is the largest size debt The Commercial Collection Agency will help collect?
Over the years, we’ve successfully assisted in collecting million-dollar debts. For claims exceeding $100,000, we engage in discussions with clients to determine the most effective approach, whether it involves initially working through our commercial collection agency or directly engaging an attorney.
