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The
Commercial Collection Agency Association (CCAA) provides
promotional, educational, administrative and legislative
information to their select membership of commercial
collection agencies around the nation. A commercial collection
agency can be defined as one that collects business to
business debts, usually including skip tracing services, asset
location and credit bureau reporting. The collection agencies
that are members of the CCAA are among the most prestigious
and largest commercial collection agencies in the Unites
States, if not the entire world.
Usually
a commercial collection agency works on a contingent basis
meaning that they don't get paid if they don't collect. The
contingent fees for commercial collection agencies customarily
range from 15% to 25% of the debt owed. One commercial
collection agency may report to credit bureaus such as Equifax
or Dun & Bradstreet while another may not report
commercial credit whatsoever. It really depends on the
collection agency as to whether or not they feel it necessary
to report commercial credit.
The
Commercial Collection Agency Association provides a great deal
of educational and legislative information regarding the
collection of commercial debts that it passes along to its
members to make sure that they stay up to date on the latest
news, laws and regulations with respect to the Commercial
Collection Industry. The central focus of the CCAA is the
credit grantor. The CCAA was formed in 1972 to improve the
quality and reputation of the Commercial Collection Industry.
To
become a member in the CCAA, each commercial collection agency
must meet a set criteria of standards that are indeed
rigorous. Once a member, the collection agency is
certified by the Commercial Law League of America, the oldest
creditors' rights organization in the United States. Each
collection agency must pass a stringent CCAA litmus test in
order to gain membership in the Association.
If
your company is looking for a commercial collection agency or
several commercial collection agencies then please consider
the collection agencies that are members of the CCAA. Each
member agency is highly qualified to collect your commercial
claims. These commercial collection agencies are respected and
revered throughout the entire Collection Industry.
Commercial
Collection Agency Association |
