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The
CCAA provides promotional, educational,
administrative and legislative information
to their select membership of debt
collection agencies around the nation. A
debt collection agency can be defined as a
third party that collects bad debt
receivables owed to another party, usually
such services include skip tracing services,
asset location and credit bureau reporting.
The debt collection agencies that are
members of the CCAA are among the most
prestigious and largest debt collection
agencies in the Unites States, if not the
entire world.
Usually,
a debt collection agency works on a
contingent basis meaning that they don't get
paid if they don't collect. The contingent
fees for debt collection agencies
customarily range from 15% to 45% of the
debt owed. One debt collection agency may
report to credit bureaus such as Equifax or
Dun & Bradstreet while another debt
collection agency may not report credit
whatsoever. It really depends on the debt
collection agency as to whether or not they
feel it necessary to report credit.
The
CCAA has a great deal of educational and
legislative information regarding the
collection of debts that it passes along to
its debt collection agency members to make
sure that they stay up to date on the latest
news, laws and regulations with respect to
the 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 Collection Industry.
To
become a member in the CCAA, each debt
collection agency must meet a rigorous set
of standards. Once a member, the debt
collection agency is certified by the CLLA,
the oldest creditors' rights organization in
the United States. Every debt collection
agency in the CCAA has passed the CCAA
litmus test in order to gain membership in
the Association.
If
your company is looking for a debt
collection agency or several debt collection
agencies then please consider the agencies
that are members of the CCAA. Each member
agency is highly qualified to collect your
claims. These debt collection agencies are
respected and revered throughout the entire
Collection Industry. |
