CONTINGENT FEE SCHEDULE
*Fees apply to commercial claims less than one year delinquent from date of oldest outstanding invoice.
*Minimum balance processed for full collection activity is $100.
*Rates open to negotiation for high dollar claims and large volume relationships.
| $ | 100 | - | 300 | = | 50% |
| $ | 301 | - | 3,000 | = | 33 1/3% |
| $ | 3,001 | - | 5,000 | = | 25% |
| $ | 5,001 | - | 10,000 | = | 22% |
| $ | 10,001 | - | 20,000 | = | 20% |
Early Placement Discount
For any claim placed for collection less that 90 days delinquent from date of oldest invoice, client may deduct 5% from rates listed above.
Chronic Collection Accounts
On claims more than one year delinquent from date of oldest invoice, the contingency rate is 50%.
Returned Merchandise
For authorized returns where client accepts product in lieu of payment the contingency rate is reduced to 10%.
Second Placements
When the account has been previously assigned to another firm (collection agency or attorney) a 50% contingency rate will apply.
Withdrawn Accounts
For accounts withdrawn by Client following placement, the regular fee will apply.
International Recoveries
33 1/3% if less than one year delinquent.
50% if more than one year delinquent.
Legal Remedies
With client's approval, accounts requiring legal action will be forwarded to a Commercial Law League attorney and the standard contingent rate will apply (33 1/3%).
OUTSOURCING
Rates quoted on a per project basis.
LETTER WRITING SERVICE
Programs are customized for Clients' needs and rates quoted accordingly.