Please print and sign this form and fax it to (516) 686 - 0620
COMMERCIAL CLAIMS AGREEMENT
CCC shall acknowledge immediately all claims placed. An initial written report shall be issued immediately after initial contact with the debtor is accomplished, but no longer than thirty days after a claim is placed. Thereafter, telephone and written reports will be made, by the collector assigned to your account, as dictated by the status of the claim.
CCC shall provide the Client with unlimited Free Demand Service. No commission shall be charged if payment is made by the date specified on the Free Demand Forms. The Client may have the option of withdrawing any or all claims, at any time, for any reason, subject to reasonable compensation for services rendered by CCC after collection activity has begun by CCC . The minimum fee on withdrawals is 15% of amount placed.
CCC's rates that are published on the internet are CCC's most current rates and supersede all prior agreements.
Rates effective for new claims only, placed on or after July 1, 2009:
10% on all claims over $50,000 that are under one year old at placement and are not skips, previously placed for collection, or international claims (defined as having either creditor or debtor not domiciled in the United States).
20% on all claims under $50,000 and over $3,000 that are under one year old at placement and are not skips, previously placed for collection, or international claims (defined as having either creditor or debtor not domiciled in the United States).
30% on all balances under $3,000 or over one year old at placement and are not skips, previously placed for collection, or international claims (defined as having either creditor or debtor not domiciled in the United States)..
40% on all balances over two years old at placement skips, previously placed for collection, on all funds collected over the principal amount, or international claims (defined as having either creditor or debtor not domiciled in the United States).
A fee of 12.5% on merchandise or kind accepted in satisfaction of debt, credits given to reduce the claim or valid offsets due the debtor.
An audit fee of 12.5% if it is determined that the claim has been previously paid, settled and/or resolved to the client's satisfaction.
A fee of half the applicable rate for any claims withdrawn within ninety of placemnt and after collection activity has begun. A full fee is due to CCC for all claims withdrawn, for which a for partial or full payment committment has been received by CCC.
Should it be necessary to secure, with your consent and approval, the services of an attorney to assist in the collection of any matter, or to defend a counter claim, all costs and fees pertaining to the attorney are the responsibility of the Client. The attorney fees, are payable in cash above and beyond any and all fees due to CCC.
A file management fee will be assessed by CCC on all files forwarded to legal counsel. The amount of this file management fee will be commensurate with the complexity of the case and the amount of additional effort expended by CCC.
All claims are accepted on a contingent fee basis, as such services are performed and a fee earned upon the collection of funds, regardless of any subsequent events.
The Client shall be responsible for payment of all court costs and expenses.
CCC shall deposit all payments received into an ESCROW ACCOUNT. A statement and check shall be issued each month, reflecting all collections made during the prior month.
CCC shall bond all employees for the protection of the Client.
CCC will provide the client with free consultation services on any credit related topic, with its staff of experts.
CCC agrees without qualification to net more dollars within ninety (90) days to the Client than any other previous agency in a like period of time or it will unhesitatingly rebate any and all commissions earned by it during the period.
ACCEPTED BY:
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