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Advantages of a Third Party Collection Agency



There are many advantages in using a third party collection agency to collect debt. An agency introduces a third party into the debt collection process for higher recoveries. Sometimes a new voice will resolve any conflicts, which is the main benefit of a third party collection agency.

A third party is able to look at a collection more objectively. Usually by the time an account is listed with a collection agency the relationship between the lender and the borrower has soured. A new perspective often brings results with a new third party.

Locating debtors for payment is another advantage of a third party collection agency. A professional collection agency has sources that a lender simply doesn’t have. At AAB we have highly trained staff who specialize in locating debtors and assets. That’s all they do. Finding your debtor is a major advantage offered by a third party collection agency.

Third Party Collection Agency Costs



Third party collection agency fees are usually based on a percentage of the funds recovered. If the collection agency is not successful in collecting a debt then there is no charge. No Collection – No Fee is another advantage of a third party collection agency.

There is an old adage in the collection agency industry. It is better to get a percentage of something than 100% of nothing.

Collection rates or commissions are set according to the age and balance of the account being listed. The longer a debt has been overdue, the lower the odds of a successful collection. That is why rates increase with age when listing an account with a third party collection agency.

AAB should be your Third Party Collection Agency



For over 40 years, AAB has been a third party collection agency. We are fully licensed and bonded to collect consumer and commercial debt. An AAB professional is standing by to answer any questions or concerns you may have.

You can also schedule a free no obligation consultation with our third party collection agency.
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