Services
Let us help you reclaim what’s rightfully yours and alleviate the burden of unpaid accounts. Contact us today to learn more about how we can assist you in achieving your debt recovery goals.
Effective Collections
City Collection Agency, Inc. also does commercial collections or b2b collections for any size businesses. We get results and you never pay unless we collect.
Our Services
DEBT COLLECTION
The primary service offered by so many debt collection agencies is the recovery of outstanding debts on behalf of creditors. This involves contacting debtors through various channels, including phone calls, letters, emails, and potentially in-person visits, to negotiate payment arrangements or secure full repayment.
SKIP TRACING
Debt collection companies often provide skip tracing services to locate debtors who have moved without providing a forwarding address. This involves using advanced databases, public records, and investigative techniques to track down individuals and their current contact information.
Debt Portfolio Management
Many collection agencies offer debt portfolio management services, where they handle the entire process of managing and collecting on a portfolio of delinquent accounts for their clients. This may include tracking payments, updating account statuses, and providing detailed reporting on collection efforts and outcomes.
LEGAL SUPPORT
In cases where debtors are unresponsive or unwilling to cooperate, collection agencies may offer legal support to escalate the debt recovery process. This can include initiating legal actions such as filing lawsuits, obtaining judgments, and enforcing liens or garnishments, depending on applicable laws and regulations.
Credit Reporting
Some debt collection agencies offer credit reporting services, where they report delinquent accounts to credit bureaus on behalf of their clients. This can have implications for debtors’ credit scores and may incentivize them to prioritize repayment.
Consulting and Training
Collection agencies may provide consulting and training services to creditors, offering advice on best practices for managing accounts receivable, optimizing internal collection processes, and minimizing the risk of future delinquencies.
Compliance Management
Given the complex regulatory landscape governing debt collection practices, many collection agencies offer compliance management services to ensure that their clients remain fully compliant with relevant laws and regulations, such as the Fair Debt Collection Practices Act (FDCPA) and the Consumer Financial Protection Bureau (CFPB) guidelines.
Customer Support and Account Resolution
Collection agencies typically provide dedicated customer support to debtors, assisting them with inquiries, payment arrangements, and account resolution options. This can help facilitate communication and cooperation between creditors and debtors, leading to more successful debt recovery outcomes.
OUR FEES PROCESS
Preferred rates are based on volume of accounts submitted.
Commission Structure:
– Ranges from 15-45% on collected monies.
– No charge if no collection is made.
– Higher rate for accounts under $75 or over one year old.
Payment Handling:
– Charges apply for payments made by debtor, whether to ICC Debt Group or directly to the client.
– Payments disbursed on a monthly basis.
Additional Services:
– Second placements accepted at a 45% commission rate.
– In-house pre-collections offered at a flat rate based on volume.
– Commission rates for litigation referrals are independently negotiated.
DEBT COLLECTION
The primary service offered by collection agencies is the recovery of outstanding debts on behalf of creditors. This involves contacting debtors through various channels, including phone calls, letters, emails, and potentially in-person visits, to negotiate payment arrangements or secure full repayment.
Reach us at:
Call Us
866-372-2955
Email Us
ron@citycollectionagency.com