Collection Recovery Systems

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Schedule of Rates Consumer Commission Rates - No collection, no charge. Contact us for our current rates. Rates vary depending upon the following: Commercial Commission Rates - No collection, no charge. Special quotations on volume listings. Contact us for our current rates. Rates vary depending upon the following: Terms and Conditions Commission Payable - Commission is payable on all accounts paid from and including the listing date whether paid to Collection Recovery Systems (hereinafter referred to as the Agency) or to the Client. Withdrawing Accounts - The Client shall not withdraw any account that the Agency has accepted for collection without first paying to the Agency an amount equal to the commission to which the Agency would have been entitled if the full amount of the account had been collected. If however, in the Agency's opinion the Client has not recovered, and never will recover any value on the account, then: a) Where the Agency has assisted the Client in reconciling the Client's accounts receivable, the Client shall pay the Agency an amount equal to the commission to which the Agency would have been entitled on the amount adjusted. b) Where the Client has received no value and has written off the amount as a bad debt, no commission is payable to the Agency. Court Costs Charged - The Client agrees to reimburse the Agency for court attendance/trial fees in all cases where a dispute is entered upon suit, and (in the opinion of the Agency) where process after judgment becomes necessary. Where a claim cannot be supported sufficiently to obtain a judgment, the Agency may charge a closing fee to compensate for the work and expense involved up to that point. Court Costs Recovered - The Client must advance all court costs where applicable. Court costs are returned to the Client out of the first funds recovered and before any commissions are payable to the Agency. CLAIM PROCESSING FEES ARE NOT RECOVERABLE. Returned Merchandise - Where the Client accepts returned merchandise for credit to the account, the Client shall pay to the Agency half of the commission otherwise payable. Agency Deductions - The Agency may deduct all amounts owed to it by the Client, including commissions, legal fees and disbursements, from any funds held for the Client for any reason whatsoever, whether or not related to the amounts owned, including funds collected on behalf of the Client and advances for legal fees from the Client. How to List Accounts New Clients New Clients need to contact our Sales Department . Existing Clients Existing Clients can contact our Sales Department for a supply of Client Listing Sheets containing the following information: Completed listing sheets will be picked up by the Sales Department . Alternatively, existing Clients can detach the form below and email or fax completed forms back to our Sales Department . Electronic Forms Collection Recovery Systems has a process where listing information can simply be entered by you into an Excel worksheet template, and then emailed back to the Sales Department . If you do not have access to Microsoft Excel, contact Paul Scott to arrange for customized procedures at no cost to you.

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