1. It shall be the intent of the
Client/Creditor to retain the services of Nationwide Management Services, Inc.
for the purpose of providing debt collection services. In the interest of
maintaining the highest level of ethical and professional standards the parties
agree to conduct themselves in accordance with the FDCPA, Fair Debt Collection
Practices Act, and FCRA: Fair Credit Reporting Act.
2. By placing a claim for collection,
Client/Creditor grants to Nationwide Management Services, Inc. full discretion
and authority to ensue collection efforts it deems necessary, including the
referral of claim(s) to attorney(s) for the filing of suit, obtaining of
judgments, and post judgment enforcement.
Lawsuits will only be initiated with the authorization of the
Client/Creditor.
3. Nationwide Management Services, Inc. is
authorized to accept partial payments when it is deemed necessary. Furthermore,
Nationwide Management Services, Inc. shall have the right to endorse for deposit
and collect any checks payable to the Client/Creditor. The compromise or
settlement of any claim(s) will not be made without the consent of the
Client/Creditor.
4. Acting in accordance with the FDCPA, all
communication with the debtor(s) will be conducted by and through the offices of
Nationwide Management Services, Inc. Therefore, Client/Creditor agrees to cease
all communication with the debtor(s) or to have the claim handled by any other
institution, collection agent, or representative. Client/Creditor agrees to
inform Nationwide Management Services, Inc. immediately as to the nature and
content of all contacts which debtor(s) makes or attempts to make directly with
the Client/Creditor as well as all other matters of importance or that are
significant to the collection of the claim(s).
5. In the event claim(s) are withdrawn or
negotiated by the Client/Creditor and or settled directly with the debtor or the
services of Nationwide Management Services, Inc. are terminated without cause,
it is agreed Nationwide Management Services, Inc. shall be entitled to fees
based on the full amount of such claim(s) at time of placement for collection,
and be reimbursed and recover from Client/Creditor any advanced court cost,
attorney fees, and due diligence expenses incurred on behalf of the
Client/Creditor. Once legal Proceedings have been initiated, whether pre or post
judgment the withdrawal or cancellation of the claim(s) is only permissible
after all fees, court cost, and due diligence expenses have been paid.
6. Claim(s) forwarded to outside counsel for
legal action: Knowing that time is of the essence, and delays in filing suits
can compromise the collection of any claim(s), Nationwide Management Services,
Inc. is authorized to advance payments for court costs, attorney’s fees and all
other costs associated with the obtaining and enforcement of judgments. Advances
made on behalf of the Client/Creditor by Nationwide management Services, Inc.
will be itemized and accounted for and
will be deducted from the first payments made by the debtor unless previously
paid by the Client/Creditor. No legal action or litigation will be taken without
the express consent and written authorization of the Creditor/ Client.
7. Client/Creditor agrees to keep all information sent to them confidential, whether sent by design or in error. Client/Creditor further agrees to delete and or destroy documents including those sent by any commercial carrier or by email when instructed by Nationwide Management Services, Inc. to do so.
8.
Fee Schedule: It is agreed and understood that the
following contingency fee schedule will apply to any and all accounts placed for
collection.
STANDARD
PRE-LEGAL RATES:
ALL COMMERCIAL CLAIMS WILL BE 40% OF MONEY COLLECTED.
CONSUMER CLAIMS WITH A VALUE OVER $500 WILL BE
30% OF MONEY COLLECTED WHEN THE MAJORITY OF THE CLAIM IS LESS THEN 90 DAYS OLD AND 40% WHEN THE
MAJORITY OF THE CLAIM IS MORE THEN 90 DAYS OLD AT THE TIME OF PLACEMENT.
CONSUMER CLAIMS WITH A VALUE UNDER $500 WILL BE
40% OF MONEY COLLECTED.
SKIP
TRACING RATES: CONSUMER CLAIMS THAT HAVE SKIPPED AND DO NOT POCCESS A VALID
ADDRESS WILL BE 50% OF MONEY COLLECTED.
STANDARD
LEGAL RATES: 50% OF MONEY COLLECTED. 100% OF ALL ADVANCED COST ASSOCIATED ON
THE CLAIM(S) WHEN SAID COSTS ARE PAID BY NATIONWIDE MANAGEMENT SERVICES, INC.
BANKRUPTCY FILINGS RATES: 50% OF ALL AMOUNTS RECEIVED AFTER THE FILING OF THE PROOF OF
CLAIM ON BEHALF OF CLIENT/CREDITOR.
THE ABOVE RATES ARE SUBJECT TO CHANGE UPON
WRITTEN NOTICE BY THE NATIONWIDE MANAGEMENT SERVICES, INC
THANK YOU!