lowest % accepted for payoff
Date: Tue, 11/30/2010 - 16:17
What is the current lowest percentage major debt collection companies will settle for?
If a collection agency is a debt buyer there is almost no bottom
If a collection agency is a debt buyer there is almost no bottom. They paid in some cases 5 percent of the original balance so anything above that is a profit. They will also take into consideration the cost of doing business. If they are working for an original creditor there is a commission percentage that usually has a lower limit that can vary widely. Amex will often settle for around 30 percent.
