|*Remittance to you for collections made less our fees, will be sent
approximately one month after
receipt of good funds. Your company is entitled to the agreed upon
percentage of all funds collected up to the principal balance assigned
or lesser settlement amount.
Your account is assigned only for NON-LITIGATION collection. In the unlikely event that a
lawsuit is necessary and you choose to authorize a lawsuit, you will be asked to advance a
non-contingent, non-refundable suit fee of 5 to 10% of assigned balance in addition to
court costs. Your contingent collection fee will also be increased by
5% to 10%. These fees may vary based on size of balance, location of filing and type of action
being filed. Should your debtor go out of business or bankrupt, the
lawsuit fee will be credited towards your company's fees on future
A fee of ten percent (10%) of principal balance may be assessed on assignments that are
paid prior to assignment date.