What are the Fees for Commercial Debt Collection Services?

Commercial Debt Collection ServicesThe traditional method of billing for commercial debt collection services is contingency fee; no collection, no fee. It is suggested that collection law firms should break tradition and offer different fee structures. Fees need to vary based upon client needs; i.e., hourly, non-contingent, contingent, etc. Some creditors may prefer to pay an hourly fee instead of a straight contingency fee. Others may prefer a flat fee arrangement. To reduce overall collection fees, some may prefer to pay an up front non-contingent fee together with a lower contingency fee on the back. Continue reading “What are the Fees for Commercial Debt Collection Services?”

Read more...