Programs
We have 3 programs designed to minimized the charges that are assessed to our clients and their debtors.
It is easy to understand how payments can get pushed back due to busy schedules or prior commitments. These programs are intended to mitigate the charges and facilitate prompt payment . This is a win-win.
Because we are a collection service we assess up to a 25% premium on the amount due to the creditor. In some instances these fees are paid for by the creditor. These fees may be added to your amount due because of specific terms in your original contract with the creditor.
Please remember that the reason we have your account is that your Creditor has been unable to collect from you. Because your account has already been turned over to Franchise Collections, if you make direct payment to the Creditor this will NOT satisfy any obligations you have to pay for fees associated with the collection of this debt.
At this time no reporting has been done to any credit agency. Failure to respond to our notifications may result in further actions. This may include notification of credit bureau, legal action, garnishment of wages, and liens on property.
Program 1
(payment within 72 hours)
Fees for this service are:
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 for Interest and Credit Card fees (3.0%) will be added to your balance.
-
You must contact us within 72 hours from receipt of your first collection notice.
-
You will have up to 7 days (not business days) to get funds to Franchise Collections.
-
Failure to contact us within 72 hours voids this option.
-
Failure to make final payment within 7 days voids this option.
Program 2
(after 72 hours)​
If you fail to contact us within 72 hours the fees will be:
On balances up to $1000.00
$250.00
On balances greater than $1000.01
25%
Fees for Interest and Credit Card fees (3.0%) will be added to your balance.
You will have up to 37 days to make payment on this plan.
After the 37th day you will be mailed a second notice.
After 67 days you will be sent your third and final notice.
($150.00 will be charged per notice)
Program 3
(monthly payment plans)
On balances less than $2000.00
4 payments.
On Balances of $2000.01 to $5000.00
6 payments.
On balances greater than $5000.01
9 payments.
Fees for Interest and Credit Card fees (3.0%) will be added to your balance.
Failure to make payments on time may result in additional legal action.
Payments can be made by:
-
Check sent direct deposit
-
Check sent express USPS return receipt mail
-
Credit Card.
-
PayPal
FAILURE TO RESPOND TO THIS REQUEST MAY RESULT IN LEGAL ACTION UP TO AND INCLUDING FILING IN SMALL CLAIMS COURT or CIVIL COURT FOR JUDGMENT AND MAY RESULT IN ADDITIONAL LEGAL FEES AS WELL AS A LIEN BEING PUT ON PROPERTIES.