Assignment & Fees
If We Don't Collect, You Don't Pay!
Solving your collection problems is as easy as picking up the phone or filling out a collection services form to submit an account. The account you submit will be handled promptly using professional techniques that get fast results! Sooner or later, every business needs the services of a collection agency. Experience the difference that personal service makes. At NFC your business is important to us, now and next time the need arises for rapid recovery of the money owed to you.
By submitting the assignment form, the authorized principal, has agreed upon the fee and costs associated with collection. A separate service agreement contract will be provided to client during, or prior to assignment.
- Collection fee is due upon recovery.
- Rates are negotiable.
- Large assignments mean decreased rates.
- Rate schedule is based upon three components:
- Account Age
- Total Assignment
- Account History
BASIC RATE OVERVIEW
MEDICAL - RETAIL - EDUCATIONAL - UTILITIES
| Account Age |
| Up to six months |
Accounts older than six months |
| 33.33% |
35% to 50% |
| Fluctuating Assignments |
| 50k, and up |
From 50k plus |
| 25% |
Please contact us for value pricing. |
| Fixed Amount |
Small Balances
Under $100.00 |
Legal or Skip
(any amount) |
Credit Bureau Reporting
(any amount) |
| 50% |
COMMERICAL ASSIGNMENT
| Variable Rates |
| First $3,000 Collected |
Remainder Over $3,000
Up to $25,000 |
| 25% |
20% |
| From $25,000 Plus |
| Please contact us for value placement pricing. |
The definition of an assignment is the amount to be collected. Large assignments are accepted at decreased rates. Client rate models may vary depending upon the particular assignment. Activate an account using the collection services assignment form.
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