Debt Collection Contingency Rates
We have recently revised our rate structure to become even more competitive. Please call us at (833) 505-1550 for an INSTANT quote. Rates are based on the type of collections, age of the accounts, volume, and dollar amount. You will be happy with our new rates! |
Debt Collection Terms and Conditions
1. By executing this Collection Agreement and Submitting claims online, via fax, or via email; CLIENT authorizes Stellar Credit Services to perform debt collection services according to these rates and terms and conditions on all accounts placed for collection, including credit bureau reporting. Rates are for accounts not previously placed with another agency.
2. This agreement shall become effective upon submission of account(s), and shall last for a term of twelve (12) months. HOWEVER, either party may cancel this agreement at any time with a thirty (30) day written notice. In the event that payments are received within 2 months, by either party, after the account has been closed or returned, Stellar Credit Services shall receive their commission.
3. Upon placement of a claim(s), where a Debtor owes funds to the CLIENT, Stellar Credit Services will use its best efforts to expeditiously collect the claim(s) on behalf of the CLIENT. Stellar Credit Services agrees to charge a commission only on funds actually paid by the Debtor to Stellar Credit Services or the Client and not the actual amount owed, subject to the provisions of paragraphs below.
4. CLIENT warrants the validity, amount, and authenticity of all claims and accounts placed with Stellar Credit Services for collection. Upon request by Stellar Credit Services, CLIENT agrees to forward documentation to Stellar Credit Services to prove the amount, and authenticity of the claim when requested.
5. Stellar Credit Services shall notify CLIENT of any settlement offers received by Stellar Credit Services, and no settlement offer shall be accepted by Stellar Credit Services without CLIENT’S expressed consent.
6. CLIENT shall report all direct payments made by Debtor to CLIENT within three (5) business days of receipt of payment by CLIENT, and the commission due Stellar Credit Services on the direct payment shall be remitted to Stellar Credit Services within (30) days.
7. Any merchandise returned to CLIENT by Debtor after initial contact by Stellar Credit Services shall entitle Stellar Credit Services to a commission equal to 10% of the actual invoiced amount when the equipment was purchased.
8. Any claim placed with Stellar Credit Services by CLIENT that is discovered to have been previously paid by Debtor or placed by CLIENT in error will be billed by Stellar Credit Services to Client at a rate of 10% of the claim as an administrative fee for services rendered.
9. CLIENT grants to Stellar Credit Services express authority to endorse and negotiate any check, draft, or other negotiable instrument made payable to CLIENT for deposit in trust for distribution to CLIENT after deducting the commission and fees due Stellar Credit Services under this agreement.
10. Stellar Credit Services shall account to CLIENT all funds collected by Stellar Credit Services on CLIENT’S behalf, and all remittances and/or invoices will be sent on a monthly basis.
11. In no event shall Stellar Credit Services be liable in any respect for the inability to collect any account placed with Stellar Credit Services by CLIENT for collection. It is understood and agreed that Stellar Credit Services is not a guarantor of any specific result on accounts placed by CLIENT.
12. Stellar Credit Services agrees and shall hold harmless CLIENT from any claim, demand, action, cost or judgment, including a reasonable attorney’s fee arising out of any act done or failing to be done by Stellar Credit Services in connection with the collection of any claim(s) placed with Stellar Credit Services by CLIENT for collection.
Claims Not Accepted for Collection
- Small claims court judgments.
- Claims with no supporting documentation.
- Claims against businesses that are no longer in business with no personal guarantee.
- Other claims were deemed unacceptable by Stellar Credit Services Financial Services.
Fast Results
You can never afford delays in your commercial collections process, which means when you need data, you need it now! Some commercial collections companies tend to sacrifice accuracy for speed, but at Stellar Credit Services, we give you both fast and accurate results. Let our experts support yours!
Simplicity
Since time is money, no one needs a complicated commercial collections process. That’s why we make your collections process simple and easy. We’ll have your information back in no time in an easy-to-understand format.
When it comes to reducing the liabilities around consumer collections and commercial collections, Stellar Credit Services provides outstanding customer service, fast, accurate results and a variety of customization options. That’s why it’s a great idea to add our team to yours. Get the right people working for you. Start with the professionals at Stellar Credit Services.