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NOTE: For international accounts or inquiries (including Canadian accounts), please email info@industrialcredit.com or fax your request to: 425-641-5615.

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Contractors Bond Placement

We assign the above account to Industrial Credit Service (ICS) for collection as a Contractors Bond Placement and authorize ICS to file suit.  We agree to pay an initial court cost advance of $250.00 to start the legal process. ICS will proceed immediately on the balance.  Fees are due to ICS on any money received or reported.  It is our understanding a contingency fee at the rate of 15% will be charged for any monies recovered, without a court appearance, from the Washington State Contractor’s Bond.  If a court appearance is required, such as arbitration hearing, trial or any motion in Superior Court, the contingency rate shall increase to 35%.  Any remaining deficit balance due, outside the Bond funds collected, will also be collected at the contingency rate of 35%.  As our agent, ICS is authorized to forward this account to an attorney or to an agency in the debtor’s area.  ICS, its associate offices, agencies or attorneys are authorized to accept payments and to endorse checks, notes, money orders or drafts for deposit, the net proceeds of which ICS will remit to us.

Creditor Information

Phone*

Fax

Email*

Creditor Company Name*

Creditor Contact Name*

Mailing Address*

City*

State & Zip*

Debtor Information

phone

Fax

Debtor Company Name*

Debtor Account Number

Debtor Contact Name*

Physical Address

City

State & Zip

Mailing Address*

City*

State & Zip*

Total Amount Due*

Itemization of Account

List of Invoice Dates, Numbers and Amounts

NSF Check Dates

Personal Guarantor

Promissory Note Date
and/or

Comments

I have worked with ICS for well over ten years and found them to be very professional and knowledgeable. I have highly recommended them to several credit managers I know.

Janet Cole
Salmon Bay Sand and Gravel

Industrial Credit Services

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