Collection Agency Pricing
Most collection agencies, such as Commercial Investigations, Inc., will collect on a contingency basis. This means the agency will keep a percentage of whatever they collect. Other collection agencies will require you to pay a fixed fee per account instead of a contingency plan. The advantage of a contingency based collection service is that you won’t have to pay anything if the collection agency is unsuccessful.
The percentage will usually vary depending on certain aspects of your past due account. Cases over a year are usually collected at a higher rate, because they are harder to collect and require a lot more work in order to see the debt paid. Accounts that are less than thirty days old will see a smaller percentage rate, as they generally take less time.
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