The No Collection No Charge agreement means that if we don't collect anything you don't owe anything. Here's the other things to be aware of:

1. There are ZERO upfront, hidden or ongoing fees. We ONLY get paid when you get paid
2. You are agreeing that the company that owes you DOES in fact owe you money and has NOT already paid you in FULL
3. You are agreeing that the paperwork you are sharing (contracts, invoices) are REAL and not manipulated or photoshopped
4. You are agreeing to STOP talking to the companies that owe you the moment you send us their paperwork. If they reach out to, you simply say 'talk to Matt'. And then notify us that they reached out
5. You are agreeing that you're giving us a fair runway of time to collect the money you're owed and won't try to pull the account back from us prematurely
6. The agreement has no renewal periods. You simply send us accounts to collect for you. And if you don't want to work with us, then you stop sending us accounts to collect. Simple

Tens of thousands of companies have signed this exact same agreement over the last 3 years. It's more than fair.

Your ONLY job is to do nothing and let us handle everything to get you paid.

The letter of representation is what is required to show your debtors that we are in fact authorized by you to collect the money you're owed. It's industry-standard and just means we represent you in collecting the debts you're owed.

So let's say you are not enjoying the experience working with us and want to cancel... how that works is simple: you allow to finish collecting the accounts you have ALREADY placed for collections, and then you never send us any more accounts. That's it. You will receive email updates on you active accounts until they are collected or closed in our office. At that point we stop communicating. Easy.

If your account is under 6 months its a lower rate.

If your account is over 6 months old, then it's a slightly higher rate.

If your account is outside the United States, or you already placed it for collections somewhere else first, or we have to skip trace to find the debtor, or they are out of business, then the rate is slightly higher.

Here's an example how the math works:

Let's use an easy example. Your debtor owes your company $100,000. The last invoice date is several months ago. Depending on your location's laws and how your contract is worded, we can usually add a 25% fee ON TOP of the balance owed, AND an additional 1.5% PER MONTH since the invoice date.

In this case, that's the original $100,000 PLUS 25% ($25,000) PLUS 1.5% per month which could be another few thousand; let's call it $5,000. That's a TOTAL DEMAND where we start the negotiation of $130,000.

Now, we don't usually collect this full amount with ALL extra fees, but this is the best starting point with the highest leverage.

How much you get paid depends on what of the 3 categories your account falls into: under 6 months old, over 6 months old, or the last category: 2nd placement, international, skip-tracing required etc. This is outlined at the top of your agreement very clearly.

Let's say this particular account you have at a 30% contingency rate.

And let's say after going back and forth with the debtor, YOU APPROVE a settlement amount of $110,000 total.

So our team retains 30% of the $110,00 ($33,000) and your company gets paid 70% of $110,000 which is $77,000.

You get paid your percent of what's ACTUALLY collected. Sometimes your debtor ends up paying on a payment plan, so you receive your percent of what's actually collected every month.