Fair CapitalFair Capital
Debt Collection Success Rate
Result driven - Fair Capital's collection success rate is currently 53.22% above the industry average.
(Based on the American Collectors Association's survey).
What is the average collection rate for a collection agency?
One of the most basic questions a business will have before hiring a collection agency is "What's the success rate that I can expect?". After all, it is the recovery rate that matters most when choosing a collection agency.
Definition
In the debt collection industry, liquidation, recovery, or success rate; all refer to a debt collection agency's ability to recover past-due debt on an annual basis.
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Debt collection success rate
The average debt collection success rate has ranged from 16% to 22% over the last decade. A survey conducted by the ACA International in 2014 reported a 21.7% average industry-wide success rate.
Kaulkin Ginsberg Company's most recent debt collection success study, published in 2020, found that debt collection firms recovered nearly $102.6 billion in debt, representing 11.1% of face value.
Liquidation rates by industry
Industry | Average Recovery Rate |
|---|---|
24.8% | |
Property Management Debt Collection | 22.5% |
20.5% | |
21.8% | |
24.5% | |
23.7% | |
22.6% | |