15 Best Debt Collection Agencies in 2022

Instead of chasing customers for unpaid invoices, businesses should concentrate on providing for their customers. This issue is resolved by debt collection agency services, which increase your cash flow and help you recover lost funds.

However, it could be difficult and challenging to choose the best debt collection agency for your company. We therefore list the top 20 debt collecting agencies for you so that you can make a wise decision.

Rank #1: Atradius

A collection company called Atradius specializes in collecting B2B debt both domestically and abroad. It has a network of experts all around the world who can communicate with debtors in their native tongue and are knowledgeable about regional laws governing debt collection. As a result, Atradius offers service in 96% of the world’s nations, with an average global success rate of 79.3%.
Atradius looks at other solutions including dispute registration, collection plan monitoring, and first-party collections if collection efforts are failed. Regardless of the currency that was used to pay for the collections, they are immediately transferred to the hiring company’s bank account.


  • Global Success Rate: 79.4%
  • Covers 96% of the countries in the world.
  • International Collection Professional Network
  • Direct Sending Of Collections To Your Bank Account

Rank #2: The Kaplan Group

Collection agency The Kaplan Group specializes in handling big claims. This company has an A+ rating with the Better Business Bureau and belongs to the International Association of Commercial Collectors, which only 5% of collection agencies are a part of. It can assist with businesses of any size, but it specializes in handling big commercial cases.
On large legitimate claims, Kaplan’s three-step method has produced an 85% success rate. A candidate and a Kaplan agent speak on the phone to discuss the case and determine whether it’s a good fit as the first step. If so, a debt collector with an average of more than 10 years’ expertise is entrusted with handling the client’s case personally.


  • Average Debt Collectors With More Than 10 Years Of Experience Have An 85% Successful Rate On Large Viable Claims.
  • Transparent And Collaborative Collection Strategies
  • Competitive Prevailing Fees

Rank #3: IC System

IC System is a collection agency that serves a variety of different industries, and it’s the best choice for rent recovery, government collections, and financial institution collections. The agency has over 80 years of experience, and it specializes in U.S. collections only. Like Summit, it emphasizes the importance of consumer-friendly and ethical debt collection.
Late rent is a common issue with landlords leasing out properties. To help them solve this, IC System collects rent from tenants of apartment units, rental properties, mobile homes, and more. It can be used to collect debt when damage to a unit exceeds the security deposit amount. It also helps with credit monitoring, and it automatically sends debts.


  • 80+ Years Of Working In The Industry
  • Credit Monitoring Foresees Payability
  • Assists Landlords In Recession Of Damage Payments
  • Contingency-Based And Flat Fee Options

Rank #4: Summit Account Resolution

The greatest options for medical, dental, and employee reimbursement collections are provided by Summit Account Resolution. Additionally, it aids in typical B2C and B2B accounts.
The business takes pleasure in being more individualized and avoids using aggressive tactics, robocalls, or threats. It boasts a stellar compliance track record and a Better Business Bureau rating of A+.
The goal of Summit’s medical collection business is to recover debt from patients without harming the reputations of its clients. As of this writing, the collection service had resolved 13,700 accounts, received 0.02% of patient complaints, and brought in $140 million for clients. Its recovery rates are double the national average, and its strategies are entirely HIPAA compliant.


  • 0.02% Customer Complaint Rate
  • No Claim Minimums Or Quotas
  • A+ Rating From Better Business Bureau
  • Recovery Rates Double U.S. Average

Rank #5: Prestige Services

The best collecting agency for business accounts is Prestige Services. All 50 states, Washington, D.C., Puerto Rico, Canada, and Mexico are included. It has been in operation for more than 20 years, its staff members have a combined experience of more than 50 years, and it has won numerous prestigious business honors.
Prestige Services partners with attorneys from the Commercial Law League of America (CLLA) if it cannot collect, and it has one of the finest collection ratios in the United States. It collaborates with lawyers in a debtor’s neighborhood to give cases the best possibility of success.


  • Lower Rates Than Most Agencies
  • Collections Within 10 Days Are Free
  • Negotiable Rates For Large Accounts
  • Attorney-Forwarding For Tough Collections

Rank #6: ARRMS

One of India’s leading companies for collecting debt is ARRMS (India) Private Limited. It is beneficial to offer comprehensive debt recovery solutions that include preventative legal action. ARRMS seeks to strategically define legal action that complies with all judicial, regulatory, and statutory requirements.
ARRMS covers some of the more conventional debt collection techniques, like telemarketing, in-person visits, and court interventions. Legal interventions may include bankruptcy proceedings, criminal proceedings, civil cases, arbitration, section 17 order enforcement through the courts, execution of awards or decrees, and so forth.


  • Systems For Online Management Of Information (Mis).
  • National Footprint Has Locations In Significant Cities.
  • Efficient And Prompt Debt Relief Through The Legal System.

Rank #7: PRA Group

In March 1996, the well-known corporation PRA Group Inc. (PRA) was founded. Its primary objective is to gather and purchase non-performing loans from Virginia and Norfolk (United States). According to a study from the Federal Trade Commission, PRA Group Inc. is one of the biggest debt buyers in the United States.
Kevin P. Stevenson and Steven D. Fredrickson, the company’s founders, started PRA Group Inc. with unwavering devotion and creative ideas. PRA Group Inc. is one of the biggest debt buyers, according to FTC records.


  • Core Acquisitions & Collections
  • Insolvency Investment Services
  • Claims Compensation Bureau

Rank #8: MNS Credit Management Group

MNS Credit Management Group, one of the biggest debt recovery management organizations in India, was founded in 1996 and is known for its boutique services in business credit information and debt collection on a global scale. MNS Credit Management Group, which has its main office in New Delhi, also has branch offices in various significant Indian cities, including Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Ahmedabad, Ludhiana, and Tirupur, as well as some locations abroad.
Long-standing member of the largest and broadest global network of debt collection experts is MNS Credit Management Group. The organization has successfully assisted creditors in managing their past-due invoices, credit, and receivables thanks to its skilled team of attorneys, chartered accountants, management graduates, and finance professionals.


  • No collection fees, placement fees, or other fees of any kind
  • Global reach and local accessibility in more than 170 nations
  • High Rate of Success
  • Expertise in amicable solutions that reduce litigation costs and delay

Rank #9: Rocket Receivables

Small business owners are the primary target market for Rocket Receivables, the debt collection company owned by TSI. It offers a wide range of services to them, including healthcare, housing, retail, trade, and education. It charges exclusively for the operations of real collecting; membership is completely free.
When the fixed-fee collections are as little as $15 per account, Rocket Receivables provides protection. It produces excellent outcomes and has no web portal access.


  • Rocket Receivables provides tiered and flat-rate pricing.
  • It has a license to collect debt in all 50 states in the US.
  • It divides collected monies equally for situations that are challenging to collect.

Rank #10: Oddcoll

In 44 European nations, Oddcoll interacts with local, skilled debt collection agencies and law firms through a special web platform it hosts.
Due to the fact that our partners are - Local conditions experts, this enables globally focused businesses to recover claims more readily and with greater recovery rates in any European country.

  • Authorities on regional business customs.
  • Authorities on relevant debt collection laws.
    And they spoke in the same tongue as your creditors.


  • Hand-selected law firms and debt collection organizations around the world.
  • They undergo ongoing testing and evaluation.
  • This implies that regardless of where your debtors are, you now have access to the top debt collection companies.

Rank #11: National Service Bureau

National Service Bureau (NSB), a Seattle-based company founded in 1986, provides a variety of collection services to assist businesses in recovering past-due bills. The company has an A- rating from the BBB even though it is not accredited by the organisation. 4 Because it provides training tools to aid businesses in streamlining their accounts receivable and collections procedures, we selected it as the best for first-time collections.
NSB communicates with debtors through a variety of channels, including phone, fax, email, and mail. Pre-collection is a key priority for the agency, which asserts that it can frequently settle past-due accounts without resorting to collection. In the event that pre-collection fails, NSB may also file a lawsuit to collect on past-due accounts.


  • 32 Years in Business
  • 5000 Clients Served
  • 200043254 Dollars Collected

Rank# 12: RFGI

Rozlin Financial Group (RFGI), which was established in 2008, provides thorough consumer debt collection services with a customised strategy. The company has an A rating with the Better Business Bureau and is accredited by it. 5 Because it combines extensively trained workers with thorough reporting and skip tracing to increase recovery rates, we selected it as the best for business to consumer (B2C) collections.
To stay current on the finest data collection methods, legal requirements, and regulations, RFGI agents attend frequent training sessions. This enables them to develop unique strategies rather than depending solely on prescriptions to improve recovery rates. RFGI uses four separate skip-tracing databases in addition to mail, web chat, phone, and email to get in touch with clients.


  • Industries: Financial Services
  • Company size: 11-50 employees
  • Headquarters: Sycamore, IL

Rank #13: Encore Capital Group

According to revenue, at 140 crores USD, Encore Capital Group is the biggest publicly traded debt buyer in the United States. Since its founding in 1953, Encore Capital Group has made investments and undertaken projects in 15 different nations. The corporate offices of Encore Capital Group are in San Diego and California (United States).
The top debt management firm for many consumers and business owners in a variety of assets is Encore Capital Group, a consumer banking firm.


  • Analytic Strength
  • Strong Capital Stewardship
  • Consumer Intelligence
  • Operational Scale and Cost Efficiency

Rank #14: Consumers Financial Protection Bureau

Consumer Financial Protection Bureau is a federal organisation established in the United States that oversees consumer protection in the financial sector. In 2011, the US government formed it. In order to monitor the financial entities that are utilised in social media and the algorithms that help customers achieve their goals, it has always been updated with the most recent technological instruments.
Credit unions, payday lenders, banks, security companies, debt collectors, foreclosure relief services, and many other financial companies’ systems are just a few of the many services that the Consumers Financial Protection Bureau offers.


  • Formed: July 21, 2011
  • Jurisdiction: United States
  • Headquarter: Washington, D.C., U.S.
  • Employees: 1,591

Rank #15: National Consumer Law Center

Robert Drinan established the nonprofit National Consumer Law Center in 1969. Its US headquarters are conveniently located in Massachusetts and Boston. Low-income people can get assistance from the national consumer law centre with their consumer difficulties. The consumer reform is supported by a number of private advisors, legal services, governmental agencies, and community organisations.
The national consumer law centre is an American business that assists numerous people who lack stable financial situations.


  • Founded: 1969
  • Founder: Robert Drinan
  • Headquarters: Boston, Massachusetts, United States
  • Type of business: Non-profit organisation

Nice Blog! Finding the best debt collection agency is very complex. A blog like this helps the creditor to have a comparison among the collection agencies.