COMMISSION RATES

A Commercial Claim is a claim which arises from an obligation to pay for goods sold or leased, services rendered or monies loaned for use in the conduct of a business or profession.

RATES AT INDUSTRIAL CREDIT SERVICE
First of $200 collected…………………………………………………………………….……………………..50%

Next of $1800 collected……………………………………………………………………..……………..…….25%

Anything over $2,000………………………………………………………………………..…………..……….18%

SPECIAL RATES AND CONDITIONS
Balance paid in installments not exceeding 90 days………………………………………………………..25%

Balance paid in installments exceeding 90 days…………………………………………………………….30%

(We ask for your authorization before entering into a 90+ agreement)

Previously assigned to another agency or attorney…………………………………………………………..50%
A firm out of business at the time of placement……………………………………………………………….50%
One year or more since last payment or purchase……………………………………………………………50%
Legal Accounts……………………………………………………………………………..……………………..35%
Bond Suits……………………………………………………………………………………..…..………………15%*
*15% of the bond proceeds apply provided that the debt is based on a contract or credit application that calls for reasonable attorney fees. If no contract or credit application than the normal 35% legal commission is taken.

(When merchandise is returned for credit or when our investigation results in verification that an account has been paid in full prior to assignment for collection, we will charge one-half our normal rate based upon the above criteria.)

RETAIL

First $200 collected……………………………………………………………………………………………..50%
Anything over $200……………………………………………………………………………………………..35%