Our Standard Collection Service Contingency
Fee is based on a percentage of any payment made on account(s) assigned for
collections. The Fee schedule was designed with one simple fact in mind.
The longer an account goes unpaid, the less likely it will ever be collected.
We have experienced that the sooner an account
is placed with our collection agency after it is in default, the better chance
we have of collecting the balance, and our rates are lower, which saves our
clients time and money! The more time lapses, the lower the percentage of
recoverability.
There is an incentive to place accounts
right after they are in default. The incentive is that we will not
raise the contingency fee rate as the account(s) get older. Yes, the contingency
fee rate will remain the same as when the account(s) are assigned throughout
the Standard Collection Service Period for up to 4 years from the date of
default (note: this does not apply to accounts that fall under the 50% fee
standards listed below). Our rates are as follows:
20% - Claims less than 3 months (90
days) past due
25% - Claims less than 6 months (180 days) past due
33.3% - Claims more than 1 year past
due
50% - Claims that are "Legal Forwarding"
and/or "Suit Requested" (legal action), Judgments, accounts that a creditor
requests we forward to another party for collections, and all claims previously
handled by an attorney or collection agency.
BACK
 -- FORWARD |
No Recovery - No Charge.
Positive Results & Fast, Courteous Service.
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