| Christina 2011-04-20 20:23:16 Debt Collector |
They called my work number. The recording said they were "Vandenburg, Chase & Associates" and that either I or my attorney needed to contact them immediately. I looked them up and found their website is: http://www.vcacorp.com/index.php. While looking around I found the following about what they charge companies to do collections:
Our Rates
We have very competitive rates. If you have a current collection agency, we can match or beat their rates. Our normal rates, listed below, are based on the size and age of the account.
Accounts $500 or less - 45%
Accounts $501-$999 - 40%
Accounts $1000-$1999 - 35% plus court cost if applicable.
Accounts $2000 and above - 30% plus court cost if applicable.
Accounts older than 1 year add to above rates - 5%
Overseas accounts add to above rates ? 10%
I knew it had to be lucrative business, but didn't know it was that good.