With flat fee collections, you and your employees are able to increase your cash flow now while retaining your customers. Because sending accounts to a collection agency is seen as expensive, many companies wait as long as possible before doing so. Instead, you may have your own staff handle the accounts. That can work, but there’s a serious downside: it takes their time away from your core priorities and other important initiatives. Much like outsourcing your AR collections, a flat fee collections service will provide your team with more time to focus on the product that you are providing.
Affordable Flat Fee Collection Programs
Our flat fee collections programs offer the best value in the industry. We don’t just send a letter – we include live calls from highly trained accounts receivable collectors and optional credit reporting to all three consumer credit reporting bureaus as well. And we direct all payments back to you, so you don’t have to wait to get your money. Coast to Coast’s flat fee collection programs is designed to maximize your recovery at the lowest possible cost-per-dollar. Rather than charging up to 50% of the funds collected, as many collection agencies do, we can structure a custom program for you based on a low per-account fee. Not only does this make sure that you get as much of your money as possible, it also ensures that every account receives consistent, timely treatment. You can see exactly what is happening with your accounts at all times by using our data processing technology account placement tool.
Effective and Affordable Third Party Collections Options
We designed our “Flat Fee Collections” Program with the twin goals of effectiveness and affordability. Our debt collection flat fee programs charge a low, fixed rate of less than $10 per account on average. The charge is the same regardless of the balance size, so there’s no reason to hold back large accounts. That’s equivalent to a contingency fee of less than 5% on average. In other words, it’s just a fraction of the cost to send the accounts to a traditional agency debt collection fees that charge contingency rates of between 30% and 50% of what it collects. With seamless integration options, your account placement information and fund information is always available to you!
Our Flat Fee Collections Programs are a “No Brainer”
We designed these programs with the goal that they’ll be a “no-brainer”, so every business can choose a third-party representation for their accounts receivable service with confidence. We’ve spent the last decade working closely with our clients to develop solutions that redefine debt collections fees. And we’ve been recognized by Forbes Magazine as one of the top 10 collection agencies in the United States, so you know you’re in good hands. You retain complete control of each account at all times by using options such as our live telephone calls with custom scripts of your choosing. You design the program in consultation with our experts and are able to monitor the progress of each account in detail, at your convenience, via our comprehensive audit web portal.
Increase Your Cash Flow with Third Party Representation
We direct all flat fee collections payments to you, so you can significantly increase your cash flow now, with no delay. We are a business just like you; we know you cannot sit around waiting for your payments. We ensure that you get paid quickly so that your business is not affected.
Lower Costs for your Flat Fee Collections
We charge a low, fixed cost for flat fee collections, with no additional fees and no commissions.
Increase Recovery Rates with Our Flat Fee Collections Options
We recover an average of 62% on consumer accounts and 42% on commercial accounts. Our flat fee collections options will prove to be an invaluable resource for your increased income. You can use this extra money to further improve what you offer your customers.
Retain More Customers with Third Party Representation
You need to ensure that your customer walks away happy, especially when it comes to aspects of your business like flat fees collections. You cannot afford to have customers angry. Our approach is courteous and diplomatic, keeping your customers happy and avoiding complaints.