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Basics of Writing a Good Debt Collection RFP

Originally Published: November 2011

Selecting a third-party debt collection agency can be as simple as getting a referral from a trusted source, contacting the company, negotiating a rate and submitting your first claim.

To find the best fit for their specific needs, however, many companies prefer to contact several agencies to compare their capabilities. The best way to do this is by issuing an RFI or RFP to a number of prospective suppliers.