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If you mean negotiating a settlement for a debt, it is possible. The best strategy is to "aim low" Offering a third of what is owed is a good place to start.

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Q: Is there a standard percentage that collections agencies generally accept?
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Do collection agencies pay people up front money owed to them from a judgment against a party and try to collect it for that party?

Sometime, and in some states, collection agencies may purchase debts from lenders. In these cases, they buy the debt for pennies on the dollar, and work very hard at recovering the balance. This is actually a difficult and dangerous way to do it. As long as the debt remains with the original lender, the options are more open. In most cases, collection agencies contract to collect the debt for the loan originator, the lender. The industry standard is payment of 33% of the recovered amount, or 50-75% on accounts that require the work of a skip tracer or legal action.

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