Better Recoveries and Better Rates
At CCB, our goal is to provide you with the best value in the commercial collection industry. We offer the best rates, and our process ensures that you are paid first!
Commercial Debt Collection Rates
For most placements, our highly competitive rates for commercial collection are determined by the number of days between the oldest invoice date and the date the account is placed for collection. These rates are frozen upon placement and will not change, regardless of the length of time needed to recover funds.
Note that fees are expressed as a percentage of the principal balance recovered, credited, or adjusted after the account is placed for collection. The fee charged for any portion of the balance recovered above the principal amount is 50%.
Standard Claims
| Age of Debt (From Oldest Invoice Date) | Fee Charged on Principal Balance Owed |
|---|---|
| 0-100 days | 10% |
| 101-300 days | 20% |
| 301+ days | 30% |
| Minimum Fee Charged | $100 upon successful recovery |
Special Claims
| Claim Type | Fee Charged |
|---|---|
| Disputed Claims and 2nd Placements | 40% |
| Bad/NSF Check or Credit Card Chargeback Claims | 40% |
| Assignment for Benefit of Creditors, Legal, or Bankruptcy Claims | 40% |
| Judgment Claims | 45% |
Pre-Collection Letter Program Rates
Our Internal Rapid Recovery (IRR) program is a cost-effective, simple way to handle accounts that are 60-120 days overdue. This program gets results – and to prove it to you, we offer a FREE TRIAL of up to 10 accounts at no cost or obligation! Let us collect some of your accounts at no cost to you! Contact us today for more information.
IRR program rates are quoted as a flat-fee, making it a low cost option for many accounts.
| Package Quantity | Unit Cost | Total Investment |
|---|---|---|
| 50 | $18.00 | $900.00 |
| 100 | $16.25 | $1,625.00 |
| 250 | $14.50 | $3,625.00 |
| 500 | $12.50 | $6,250.00 |
| 1000 | $10.75 | $10,750.00 |
| 2500 | $9.75 | $24,375.00 |
Receivables Outsourcing Rates
Contact CCB today about your company’s unique circumstances. We’ll tailor a competitively-priced outsourcing program to fit your needs and exceed your expectations!
Business Background Reports
Having the right information is essential to determine the most effective strategy. At CCB, our Research and Investigation Department can create a comprehensive report that includes helpful information such as:
- UCC search
- Active lawsuits and judgments
- Registered agents
- Executive/officer list (including home phone numbers and addresses)
- Corporate filings
- Business registration
- Associated businesses (officers of the corporation that are also officers of other businesses)
- SOS information
- And more!
This service is provided at no charge on any claim placed! We also offer these background reports on your potential account customers for $100 per report. An ounce of protection is worth a pound of cure!
Collections Training/Advising
CCB will train your collectors in the essential skills and techniques to ensure effective communication and negotiation with your customers.
