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RATES
& TERMS
Our
rates are easy to understand
20% of dollars collected in house
30% of dollars collected by local counsel
No fees on return of product
No minimum fees
The
above rates apply to each individual commercial account. Fees
are charged on each account collected or paid direct. Large
claims and bulk placements may qualify for preferred rates. Call
for information.
Place
your claims instantly by using
our online Placement Request!
Forwarding Service and Suit Fees
There are additional costs associated with legal action, including
advance court costs (refunded when judgment is collected in full)
and a suit fee not to exceed 10%. Suit is never filed without
creditors' consent. Unusual litigation may require an additional
fee commensurate with legal work required. If a trial becomes
necessary, counsel may require a separate and reasonable trial
fee.
Interest
Unless
otherwise instructed, TFC adds the legal rate of
interest to every claim. Interest cannot always be collected.
Often times it is used as leverage to collect the principal. When
interest is collected, the standard fee schedule applies and the
balance is remitted.
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