Contingency Fee vs. Flat Fee

Contingency Fee vs. Flat Fee

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There are two main pricing structures used by debt collection businesses. With a fee-based program, you are usually charged a flat fee upfront. The fee is the same regardless of the size of the debt.

With a contingency fee pricing structure the amount you pay is a percentage of the amount that the collection company collects for you. There are two advantages to this:

  1. You don’t have to pay any money out-of-pocket at the start.
  2. The collection company has a strong incentive to succeed which can lead to a greater recovery percentage.

Security Financial Solutions, LLC offers many varieties of contingency programs.

Call us today to learn how we can help you.