A word about rates… Are you really getting what you bargained for? There’s an old adage: “If it seems too good to be true, it is.” Regretfully, in this highly competitive field, some agencies are fast and loose with the truth when it comes to what they actually charge for collections. In many cases, charges aren’t published at all leaving room for haggling or wiggle room down the line. In the view of RTS Financial Group, LLC, that’s not the way to do business and it’s not the way we have remained a leader in this industry. Honesty and clarity have always served us and our clients well. There will never be confusion or ambiguity when it comes to what we charge on collections. We have always proudly published our schedule of charges on our website and printed material.
Shopping Rates? Unfortunately, there is a common notion among many credit managers that collection agencies are pretty much the same in what they do to collect so going with the agency that offers the lowest rate seems to make sense. There is another old adage: “You get what you pay for.” In the collection business, like all businesses, we have to make a profit in order to survive. The rates we charge are extremely reasonable when considering the exhaustive lengths we go to ensuring that every dollar due our clients is collected. This includes thorough skip tracing, asset searches, multi-stage personal collection and if required, attorney handling at no additional charge unless litigation is required. Obviously, we don’t go to these lengths to run up our overhead, but because we know that these steps are required if we are to ensure to our clients that they are obtaining maximum results from their agency.
After all, rates mean nothing if the money isn’t being collected.
Please call, chat, or email us for competitive pricing. We will not lose your business due to price competition!
Our basic contingency rates are as follows:
| 33.3% | Domestic and international accounts, less than one year old and the debtor is still in business with a working phone number. | |
| 35% | Second placements, accounts requiring skip-tracing, accounts older than one year, balances less than $250. | |
| * | RTS Financial Group will provide expert counsel and representation as a pre-litigation tool. We also use commercial law league attorneys, as well as professional collection attorneys, located proximate to your debtor to get your money without going to court. In fact, it is our goal to keep you out of court. However, should you choose to proceed with litigation, the RTS Financial Group, LLC legal forwarding staff can manage and expedite the litigation process, and will forward your case to qualified counsel anywhere in the United States and beyond.
Our affiliation with international attorneys is a valuable resource for our many clients who are encountering global accounts receivable challenges. Our attorneys appear in all State and Federal courts and counsel clients on a national basis. We work quickly to protect the financial assets of our clients. |
Again, please call, chat, or email us for competitive pricing. We will not lose your business due to competition. Rate will be the last reason why we do not do business together, and would rather prove through our actions vs. our words that we can earn the right of becoming an extension of your office.