What is a second placement? A collection agency called asking
for any second placements. I can guess at the meaning, but would prefer
not to.
A second placement is the referral of an account that was previously
placed for collection with another agency. Often the fee on second payments
is as much as 50 percent (or more) of the amount collected.
Taken from "1001 Collection Tools, Tips and Techniques" by
Michael C. Dennis
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