HomeMy WebLinkAboutProfessional Services Agreement with Collection Bureau, Inc. for Collection of Delinquent AccountsCollection Bureau Inc.
P.O. Box 1219
~~
Nampa; Idaho 83653-1219. -
Phone (208) 463-4600 -- -
-Fax (208)463-9776
Toll Free 1-888-432-2432 IDA-Check
A MEMNER OF THE
NATIONAL ,CHECK
ASSIGNMENT OF C>EiECK COLLECTION NErwoRK
Subject to the ,terms and conditions of this Assignment, the undersigned Client
assigns and transfers alt of its rights and interests iir the disliouored checks, to IDA-:Check,
Incorporated, for collection. `
COND1TiONS OF ASSIGNMENT
1. 'Creditor will not be responsible for any cost or fee for the' collection of any .
check: IDA-Check shall not be entitled to any payment or commission unless, payment on
the check is collected. •.
Z, .The fee due IDA-Check for the collection of any dishonored. cheek is $20.00
per check, which shall be collected from the check writer. Client is guaranteed the face
amount of the check when it is collected, regardless of its age.
3: If a lawsuit is necessary to collect the check, Client is guaranteed the face
amount of the check. All costs and fees, including attorneys fees, shall be collected by
IDA-Check from the check writer.
4. IDA-Check: shall have complete authority. and discretion as to the collection of
any check assigned by Client, and IDA-Check is authorized by this assignment to initiate
legal; proceedings in its own. name or take any other action deemed necessary for the, _
collection of the cheek.
5. Arry payments received by Creditor, directly from the- check writer after, the
check has been assigned to 1DA-Clieck are subject to the $20.00 collection fee, and- the
Client shall inform IDA-Check, of any payments directly received from. the check. writer
within a 24 hour period..
6. 1DA-Check is authorized to endorse the Client's name in `order to deposit all '
" payments received. .
7. IDA-Cheek will provide' to the Client a list of returned checks. as they are
received' by IDA-Check, and will 'further provide to Client an activity statement once a
,month indicating the collection status of each check assigned. ,Disbursement will be made
to Creditor within 30 days of payment by t}re check writer for any amounts collected.
8: IDA-Clieck is an independent contractor is not ` to be considered ~rt~`"y~ ~ ~ ~ ~ "''''~~,,
emplo ee or agent df Client. ~,.~ OF M~Rit~~~%,~~ '
POF?,q T ti ~
O S~ a- ty ~- ~o
Dated Au rued Signature Clie-rt~ ~
..Company Name C/ /h ~ :~, o~
Address 33 ~• .Z-~~-v ~'v.e, ,~-~k~~t ~ Q~l,~~'~, ti-,~ i ~.°' .
C.ity,State,Zip `tcpiLtdiatl.~ ! 83642- '~~~ ~
Phone: 8$f3-4yF 33 %,~~ a r,•~~~Y I ~~~~~
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Collection Bureau, Inc..
P.O.Box1219 ~'
Nampa, Idaho 83653-1219
Phone (208) 463-4600 ~'~
Fax (208) 463-sns ASSIGNMENT OF ACCOUNT FOR COLLECTION
Toll Free 1-888-432-2432 IDA-Check
A MEMRER.OF THE
NATIONAL CHECK
Subject to the terms and conditions of this Assignment, the undersigned Creditor NEnvoRK,
assigns and transfers all of its rights and .interests in its delinquent ,account(s),
evidenced by documentation, to Collection Bureau Incorporated for collection,..
CONDITIONS OF ASSIGNMENT
1. Creditor wily not be responsible for any cost or fee for the collection of the
account. Collection Bureau is not, entitled to any payment or commission unless
.payment on the account is collected.
2. The commission due Collection Bureau for the collection of an account is
one-third (1/3) of any amounts collected including legal accounts.
3: Collection ,Bureau shall have complete authority and discretion as to the
collection of any assigned account; provided, however, is not authorized to initiate legal
.proceedings for the collection of assignor's accounts without the written. permission of
assignor.
4. Any payments received by Creditor on the account balance assigned after
the date of this assignment are subject to the commission fee, and Creditor-shall notify
Collection Bureau of any payment directly,received from the debtor.
5. Collection Bureau is authorized by this assignment to endorse Creditor`s
- name for deposit on any payments received.
6. Collection Bureau will- report the. status of each _assigned account to
Creditor every 30 days and. will disburse amounts due to Creditor within 30 days of
payment by debtor.
7. Collection Bureau is an independent contractor and is .not to be
considered an employee or agent. of Creditor.
8. Creditor may terminate its relationship with Collection Bureau at any time
-and reclaim. its accounts,' except any account that is in legal action will not be~~~~o~C'MI~'~~~.t~`l,,,`~~~`
to Creditor. ~,. ~y ~?~ `f,,
~ GORPORq ~~ °'~ '%
Dater DS 0~- Authorized Signature °
oue ~~ Cowv~cJ~ ~- 1-~
p y ~i~ ~,f /1~P,I,idi`~tn• Contact: 2~f~ e• ~ s~L ~`
Com an Name _
Address 33 F..tdkho /9v~ ,City, State, Zip /?2~:d~c~' i ° ~,~ ~ „'
Phone 8~8- 9~3 3 Fax QB8-42l8 83~4~%''%,~~.q ~ Z~r ~' ~~~ `,~~``~-~
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SALES PRESENTATIVE