BestRateCollections.com (BRC) provides Member Agencies with the opportunity to bid for verified prime debt to collect. We accept applications from top performing Commercial Collection Agencies to become Member Agencies, providing prime debt sales leads and new commercial customers for your business.
The cost incurred by commercial collection agencies to obtain new client prime debt continues to become more expensive because of the sales cost of agency sales teams, the changing operations of client accounts receivables departments along with continued competition from commercial collection agencies for b2b debt sales leads.
Best Rate Collections, LLC is changing the way both Clients and Agencies place and receive bad debt accounts. Agency Owners, General Managers and Sales Managers that review the sales numbers of their respective sales teams on a daily, weekly and monthly basis, will immediately see the cost savings and be rewarded with new client debt with BRC Services.
We welcome the opportunity to serve your top performing agency with the benefits of becoming a BRC Member Agency.
BRC Member Agency Bidding Account
STEP 1: Clients list their B2B commercial prime bad debt accounts with BRC for a small listing fee.
STEP 2: The bad debt is posted to the BRC bid board which allows Member Agencies to bid on the listed debts and earn new collection customers.
STEP 3: The 5 lowest bids for the listed prime debt are given to the client who selects the agency to collect their listed bad debt accounts. The agency that is awarded the collection assignment will reimburse the client’s small BRC listing fee within 10 days of the placement date.
“Creators of the Original Client-Agency Handshake”
BRC Member Agency Ethics Rules
BRC wants a fair bid board marketplace for all! In order for the bid board to avoid being undermined by questionable practices, we have some rules regarding BRC Member Agency bid board behavior. These rules are required and we expect member agencies to follow them. We have informed our listing clients of these rules and have asked them to notify BRC in the event these rules are not followed. Any rules violation will make a violator subject to dismissal from our program. There will be NO prorated refund of any fees paid to BRC in the event of a Member Agency dismissed from our program. Best Rate Collections, LLC reserves the right to cancel any Member Collection Agency account at any time for any reason.
- Our agreement with our listing clients is that their listings fees will be refunded to them within 10 days of their placing their debt with a member collection agency. Please adhere to this policy. This fee is to be considered completely separate from any potential debt collection. In other words, BRC does not want any member agency to negotiate in any way how this fee is to be refunded. Offering to pay when the debt is collected or in any other method rather than refunding the listing fee within 10 days is unacceptable.
- Asking probing questions about what other member agencies have bid or other irrelevant questions pertaining to data gathering about bid board activities is unacceptable. Please discuss the listing company’s debt listing with the listing company, not our bid board.
- Do not make offers or market in any way to our listing clients after your agency has been awarded a debt placement. Statements such as “We’ll do all of your collections for X% from now on so there will be no reason to list your debt any longer with BRC”. This is especially unacceptable. The BRC Bid Board is dependent on continued, repeat listings in order to make this service work for the client, our agencies, and BRC. Failure to adhere to this policy could result in the loss of bidding privileges on BRC. Doing separate business outside of the BRC Bid Board with a BRC client after a debt was originally placed from the BRC Bid Board, the agency agrees to pay BRC the same 1% listing fee that is charged for a BRC Bid Board listing. This is per debt placement with your agency from this kind of client.
- BRC understands that your competitive bids and the reimbursement of BRC’s listing fees are the main draw to BRC. The success of BRC and our ability to provide prime debt for you, our Member Agencies, to bid on depends largely on the Member Agencies’ bidding behavior and actual collection success. We are monitoring the collection success rate and expect our Member Agencies to collect, at a minimum, 35% of the business debt that our Listing Clients award to our Member Agencies. Offering a low “teaser rate” but also collecting at a low percentage success rate can not be tolerated and is unacceptable. This type of practice is not conducive to protecting the “prime debt status” of BRC’s Listing Clients, actually collecting debt for Listing Clients and potentially damaging to the BRC brand.
BRC intends to maintain a fair bid board experience and we have these rules in order to be fair to our listing clients, you, our member agency and BRC. Please remember that using the BRC bid board system and gaining new prime debt placement business provides your agency with the lowest cost available for acquiring new business. Thank you in advance for adhering to BRC’s rules of ethics.