MYTH – Any agency that asks for more than 30 days to remit your money on successful domestic collections is simply taking advantage of you.   Any agency that collects money should “age” a debtor payment properly prior to remitting those funds to their client but this aging process should take no more than 4‐ 7 business days for any domestic payment (clearing times with Canadian banks can be much longer so this could be an exception to this rule).    In summary there is no reasonable excuse for why a collection agency would need to hold your remittance longer than 3‐4 weeks from the date the debtor paid.
See our section above on “contract” as some less reputable agencies will insert unfair language into their contract that legally binds you to a cancellation fee even if the agency has no prospect for payment.