Control Data Inc. Collection Agency Creates New Business Practices in Slow Economy

St. Petersburg, FL — Control Data Inc. (CDI) Collection Agency is changing the way the company makes collections and in turn, is bringing in more revenue for its clients.

In the current economy, observes CDI’s Curtis Smith, every bit of revenue a company can bring in, is important. "The current economic situation has been forcing many corporations to make major cutbacks. And even after doing so, some corporations are still feeling the pinch," says Smith. "For many companies to survive, they are becoming creative, looking for alternative ways to increase cash flow. And by getting the most return from their collection agency is one way of bringing in much needed revenue."

To understand how collection agencies work, Smith, who has been in the industry for more than 20 years, says most agencies do not simply work on a commission basis. Many collection agencies have hidden costs and fees added into their contracts. "While many business owners may believe they are on a commission-only basis, review of the contract terms can reveal additional costs," says Smith. Typical added costs can include skip tracing costs, credit bureaus charges, and monthly or yearly service calls, which are above and beyond normal commissions.

Originally, CDI was created to benefit the smaller sized corporations to avoid excessive collection costs. Now, larger corporations are discovering CDI Collection Agency. "The fact that we charge less commission combined with no additional hidden costs adds up to our clients keeping more of the recovered funds," says Smith. Typically, CDI clients get back an additional 7% to 15% compared to standard collection costs. For more information on rates and collection costs, please visit http://www.controldatainc.com.