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Top 4 Collection Agencies

Collection agencies collect delinquent debts of different types of debts owed. They may also negotiate better settlement plans. Collection agencies ensure you get all your money to avoid losses from past debts. That is why every organization needs to align itself with a reliable agency. Different collection agencies offer different rates and services in their contracts. This guide is here to help you compare all the best agencies and pick the one that fits you.

Last Updated November 2022

Summit Resolution banner
  • Best for - small businesses
  • Minimum debt - $50
  • Rates - 7-50%

Summit Account Resolution is an established collection agency for small businesses. They have an online portal that has all their information with readily placed details about their rates. Their contingency rates start from 7%, which is considerably lower than most of their competitors. They service both B2C and B2B.

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Summit Resolution logo
Prestige Services banner
  • Best for - B2B collection services
  • Minimum debt - $200
  • Rates - 22-23%

Prestige services Inc is a collection agency with excellent features, including outstanding customer support. They offer negotiable rates and flexible plans for all their customers regardless of the business. The company usually charges 25% for $ 200 to $ 3,000 accounts. They offer well-trained personnel to fulfill the business needs to ensure success in debt collection.

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Prestige Services logo
Rocket Receivables banner
#3

Rocket Receivables

  • Best for - cash-strapped small business owners
  • Minimum debt - none
  • Rates - $ 14.95 per account

Rocket Receivables is an affordable collection agency for small and starting businesses. They are licensed in 50 states. Their plans are customizable according to the business’ needs. They offer both contingency-based and flat-rate pricing ranges. All the information featured on their online platform is simple and easy to comprehend.

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Rocket Receivables logo
IC system banner
  • Best for - full-service collection services
  • Minimum debt - none
  • Rates - 25%

IC System has been helping businesses recover their debts for over 80 years. Their experience is proof of the expertise their team possesses. They offer a multipronged approach for debt collection, which has proven to be very successful.

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IC system logo
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