CLIENTS
Franchise Collections offers competitive rates and programes designed to encourage prompt payment. We will represent you throughout the collection process.
The debt created with unpaid accounts recievable can hinder your ability to operate and grow your business. Debt is a burden on both the debtor and the business owner.
We have legal representation that will defend your claim in court as well as file for garnishments and liens on property. We make every attempt to collect without having to use attorneys.
If your client agreement have language that allows for the collection of attorney fees then we will charge those to the debtor.
If you do not have such language in your agreements, then we charge up to 25% (see fee schedule) for our services.
We change an additional $150.00 for the second and the final notifications.
FEES:
General Fee up to 25%
Fees charged if Debtor pays within 7 days:
On Balances of $100.0 to $750.00 $75.00
On Balances of $750.01 to 1500.00 $150.00
On Balances greater than 1500.01 10%
FEES charged if Debtor does not pay within 7 days:
On balances up to $1000.00 $250.00
On balances greater than $1000.01 25%
Notifications $150.00
Credit Beureau Reporting $100.00
Better Business Buearu Filing $175.00
Attorney Fees
(per hour).................... $350.00
Attorney Letters............ $200.00
Garnishment.................. filing fee plus attorney fee
Court Filing Fees........... as incurred plus attorney fee