10 reasons why you should list your company’s Problem Prime Debt on BRC’s auction bid board!
List your Debt
Your net cost to list your company’s problem debt is zero and it’s guaranteed by BRC. However, it is required that you choose one of our Member Agencies (through your online account) to validate your guarantee.
You have the added benefit of letting collection agencies review your debt parameters who have or may have above average experience collecting debt in specific industries.
Your Identity Is Not Revealed To The Agencies
You also have the advantage of true anonymous communications within our internal messaging system. The collection agency can answer your questions but your identity is not revealed to them. Only after you award your debt placement to an agency is your identity revealed to the awarded agency. You have complete agency contact information of the lowest bidding agencies.
Stop Those Agency TeleSales Calls
You now have a great reason NOT to have phone conversations with sales people from collection agencies who call you unexpectedly and waste your time to tell you how great they are (without proof).
Increase the Chances of Recovery
Once your debt is placed with any commercial collection agency for debt collection, your problem debt is no longer considered “Prime Debt” throughout the commercial collections industry. Once a debt is no longer considered prime debt, collection rate percentages go up because of the increased effort it takes to collect the debt. Increase the Chances of Recovery.
Auction Rate Bid Board
Our bid board saves you time and provides the best way to get the lowest collection rate.
Five Lowest Bids
We display the 5 lowest rate bids in your account. These bids can change over the 10-day bidding process as, or if, lower rate bids come in. Only the BRC Member Agency that you award your problem debt placement to will have your contact information.
Debt Auction Process
You’re participating in BRC’s Reverse Auction Process. Auctions are the truest form of the free market.
Top Performing Agencies
We only have the top performing agencies in our collection agency network bidding on your collection rate. This means you have an increased chance of actually recovering money that’s owed to your company and at a rate lower than the standard rate.
Please remember how important it is to place your problem debt with a top performing collection agency as doing this gives your company the best chance to actually recover your customer debt.
Open Your Account Today
Start Recovery Efforts to Resolve Your Problem Debt.
STEP 1: Complete the account creation form.
No debtor ID information is revealed to any agency during the bidding process. Debtor ID information is only revealed to your chosen BRC Member Agency who will then begin collection efforts.
STEP 2: Pay a small service/listing fee (reimbursed back to you)**
Once your account is created, you’ll be prompted to pay a small listing fee (reimbursed back to your company by the collection agency that you select online to collect your prime customer debt). This fee is NOT applicable to 1st time or bulk Listing Companies.
NOTE: BRC guarantees this refund; to validate your guarantee you must choose a collection agency and then indicate your choice online in your account on our website.
Service fee: 1% in $5,000 debt amount increments.
STEP 3: List your company’s problem debt on the BRC auction bid board.
Within a short time, your account will start receiving member agency collection rate bids. We’ll display the 5 lowest rate bids and the contact information of those agencies in your BRC account.
Over the 10 day bidding period, we’ll continue to display the 5 lowest collection rates as they come in. Even though the bidding period is 10 days, your company will have 30 days from the listing date to place your problem debt with one of our top performing member agencies.
We’re sure your visit to our innovative prime debt recovery website today will provide your company with great dividends in the way you select a commercial collections agency and also provide your company with low discounted collection rates by using our prime debt listing service. Our goal is to help you get a lower than traditional collection rate with less of your money going to the collection agency and more of your money going to your company.
One huge advantage of doing business with Best Rate Collections, LLC (BRC) is that your company, is in complete control of selecting a BRC Member Agency who will begin the collection process. The BRC auction bid board provides a solution for you with the 5 lowest collection rate bids submitted by our Member Agencies. You choose the agency(s) that you wish to communicate with because you remain anonymous to our member agencies during the bidding process when using BRC’s internal messaging system.
Best Rate Collections, LLC (BRC)
Our low listing fee is reimbursed to you by the collections agency that you award the debt collection assignment, if applicable. Talk to one of our representatives for more information or fill out the form below and we’ll contact you in the method you prefer.
Talk to one of our representatives for more information or fill out the form below and we’ll contact you in the method you prefer.
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.
“Creators of the Original Client/Agency Handshake”