The creditor agrees to report to the
Credit Bureau every payment of account made directly
to him by the debtor, such report to be made
immediately payment is received. It is understood
that full payment of commission on collections will
be made to the Credit Bureau, when payment is made
direct to the creditor. Merchandise accepted for
return and credit is considered the same as payment.
Upon 90 days written notice, the agency agrees to
return at no charge to the client, all accounts upon
which no payment or written arrangements to pay have
been made. In the event that, up to or during the
said 90 days, the client makes any direct
arrangements with the debtor or intervenes in any
other manner to prevent further collection action by
the Credit Bureau, then there shall immediately
become due and payable to the Credit Bureau, an
amount equal to the charges that would have been
payable had the Credit Bureau successfully collected
the whole amount of the debt. Where a claim cannot
be supported sufficiently to obtain a judgement,
then the Credit Bureau, may charge a closing fee to
compensate for the work and expense involved up to
that point, said fee not to exceed 10% of the
balance submitted for collection.
The Credit Bureau assumes no
responsibility in the event that an account listed
for collection becomes prescribed by the Statute of
Authorization is hereby given to proceed with legal
action unless otherwise specified. The Client must
pay the court costs involved.
The Creditor agrees to reimburse the Credit Bureau
for the trial fee in all cases where a dispute is
entered upon suit and in cases where a judgement
summons or other process after judgement becomes
necessary in the opinion of the Credit Bureau.
No commission is charged on collection of the
disbursed court costs. Court costs will be returned
to the creditor from the first collections before
deductions for any commission to the agency.
Our retail commission is 35% including accounts
collected through legal action.
On accounts where the debtor is not at the address
given at the time of listing - the rate is 50%.
On accounts outside our roster area, claims
previously handled by others, accounts under
$250.00, Court Consolidations, accounts over one
year old and certain other categories, a 50% rate is
Our commercial rates are as follows:
On first $2,000.00
On next $2,000.00
On next $1,000.00
Over $5,000.00 collected
Accounts under $500.00, retail rates.
A commercial account is accepted at commercial rates
providing the debtor company is still in business at
the time the account is placed and continues in
business during the time necessary to recover the
debt. In case the above does not apply, the retail
rate is charged.
Click, or Come in today, ask for
Jeffrey or Chantal (je parle franšais).