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When looking to do business
with a collection agency,
companies often focus on
negotiating the lowest possible
contingency rate without looking
at the bigger picture. A
lower contingency rate means fewer
dollars the agencies are willing
to spend to collect the debt and
thus the collection success rate
suffers.
We understand that at first
glance a low contingency rate
might seem like you are getting a
better "deal". Williams, Cohen & Gray Inc.
believes it is more important to
focus on “rate of return” and
not just rate. The real
measure of collection success is
that an agency is able to return
more of your money. You could
negotiate a 10% contingency rate
but you will only end up getting
what you pay for. If
the agency doesn’t collect
anything for you, the lower rate
simply does not matter.
We will not skimp when it comes
to using all of the collection
tools at our disposal in an effort
to liquidate your receivables. Our
standard rates allow us to spend
the money necessary to work your
collection accounts to the fullest
extent possible. Of course
we are not 100% successful on
every debtor you place with Williams, Cohen & Gray Inc..
However, because we are serious
about using all of the available
tools and dedicating the necessary
resources, we collect more than
anyone else and justify charging a
slightly higher rate.
Which
agency returns more to your
company?
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