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What is a Collection Agency?

Private Collection Agency

AAB is a private collection agency or private debt collection firm that assists government bodies with the recovery of funds due from fines, taxes, assessments, and levies. Like private industry, human resources, expertise and systems all play a factor in the timely recovery of funds owed. That’s why government bodies rely on our private collection agency.

Municipal, provincial and federal levels of government all accumulate accounts receivables under various taxation legislation and other programs. Governments have a wide range of collection powers they can invoke to recover funds owed on behalf of its constituents. However, most governments are undergoing cost cutting measures and AAB is a cost effective private collection agency.

Collection expertise at a lower cost

Our private collection agency is an expert in recovering public debt. Our agency ensures all debtors are treated equally regardless of balance and given a voluntary option to pay. If the debtor remains uncompliant, then further enforcement options should be considered.

Private collection agencies recover funds from both regular citizens as well as corporate entities. Governments can gain the leverage of a highly skilled workforce with access to the latest technology, collection and investigation techniques without the massive capital expense associated with managing a portfolio of receivables. Cost savings is the biggest advantage of our private collection agency.

While most private collection agencies focus on domestic debtors, AAB also manages foreign claims for commercial debtors in the United States and around the world. Our collection agency is International in scope and yet another advantage of our private collection agency.

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If you are involved in government procurement and working on a Request for Proposal (RFP) for Private Collection Agency services, we recommend giving us a call before issuing the RFP. Technology, foreign legislation and reporting options may have changed dramatically since the last RPF was issued. Our collection agency will share industry changes and best practices with you. Compliance, Financial Stability, Record of No complaints, and Performance should be high priorities.

Give us a call and an AAB professional would be pleased to show you the advantages and cost savings of our private collection agency. You ca also schedule a free consultation with our Private Collection Agency.
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