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Typical Collection Agency Fees Percentage of Collected Debt: If you hire a collection agency, they might agree to retain 30% of the debt collected, which means if they are only able to recover 60% of your debt, 30% goes to them. For instance, on a $100 debt, the collection agency fee of 30% means they get $30 even if they only collect $60.

Accounting in collection agencies is pretty straightforward. Debt buyers, on the other hand, have a business model that aligns with their name: they buy debt. Debt purchasers are financial firms, with accounting practices much more similar to large consumer banks than collection agencies.

Debt Collection Agency >> 6 Tips for Small Business Owners: How to Recruit A Debt Collection Agency

Debt Collection Agency >> 6 Tips for Small Business Owners: How to Recruit A Debt Collection Agency

Debt Collection Agency >> FTC hits debt collection agency with $3.2M fine

Debt Collection Agency >> FTC hits debt collection agency with $3.2M fine