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Your company only pays a collection fee
when you recover from the debtor
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| 15% | United States accounts assigned before they are past due 60 days will be collected for a 15% contingency fee. Minimum account balance $1000.00. Returned checks do not qualify for a 15% contingency fee. The entire account must be less than 60 days past due. |
| 25% | United States accounts larger then $1000.00 that are not yet past due 12 months will be collected for a 25% contingency fee. |
| 35% | United States accounts larger than $1000.00 that are past due longer than 12 months will be collected for a 35% contingency fee. |
| 45% | Past due accounts that are less than $1000.00, accounts located outside of the United States, companies that are out of business or accounts that have previously been placed for collection will be collected for a 45% contingency fee. |
| *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. Lawsuit Information 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 assignments. A fee of ten percent (10%) of principal balance may be assessed on assignments that are paid prior to assignment date. |
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