- Fees are ONLY charged against monies collected.
- Fees are based upon the following:
- Volume of debt(s).
- Total Dollar Value of the Placement.
- Age of the accounts being placed.
- Are these accounts a first placement, second placement, or tertiary (2 or more previous placements)
- Location of Debtor.
- Do you authorize Bilateral to forward your accounts to an attorney for further collection activity, including, but not limited to, litigation?
- Will you authorize Bilateral to settle your accounts (at a pre-authorized reduction percentage)?
BILATERAL CREDIT CORP, LLC
"Locate, Communicate, Resolve"
We Don't Get Paid Unless You Get Paid
- Remember, we only charge you a fee on what we collect.
- Our fees are based upon the services we provide, the age of your delinquent accounts, the dollar value, were they placed previously, etc.
- To get a quote for your situation call us at 1-800-LATEPAY (800-528-3729) and ask to speak to a member of our sales staff.
Terms and Conditions
Bilateral Credit Corp, LLC, will attempt to collect your claim(s) under the following agreement:
1. We will comply with all local, state and federal laws, and such policies of your company as you may disclose to us.
2. Any remittances will be held in our bonded, non-interest bearing trust account, and you authorize us to endorse checks and negotiable instruments for deposit into this account.
3. Our fees, and our attorney's fees are contingent on collection at the fee schedule specified. Fees are calculated on gross payment. Interest may be charged from the receivable's due date at the allowable interest rate in the state where the debtor receives mail, and may be waived or retained by Bilateral Credit to offset litigation reports, UCC searches, US Postal inquiries, asset searches, investigative reports or other expenses incurred.
4. Your company will advise us immediately of any debtor payments made directly to you, and Bilateral will invoice you for the fee for the collection.
5. You will be responsible for any existing and subsequent commissions due on files that are booked with the agency and withdrawn by you. If open files are withdrawn, you agree to compensate the agency for the appropriate commissions for collection and Bilateral reserves right of offset, it is further agreed that client lack of support or hindrances shall entitle the Company & or its Attorney's to full collection fees.
6. You may audit or demand an audit of your accounts during reasonable business hours.
7. Bilateral will immediately notify you of any lawsuit or claims against you or Bilateral arising out of our efforts on your behalf, and Bilateral will defend and indemnify you against such claims or suits that arise out of our action. You will defend and indemnify Bilateral in any such action where cause arises out of erroneous information supplied by you. In any action, you will have the sole right to choose your attorneys.
8. Bilateral has no authority to settle any debt for less than the full amount owing, except under your express permission.
9. Bilateral is authorized to refer files to attorneys for collection at its discretion. However, authorization to file suit may come only from you, and you will be required to pay any court costs.
Placement Forms
Full Contract
Copyright © Bilateral Credit Corp, LLC All Rights Reserved.
This material may not be published, rewritten, or redistributed without express written permission. Some material used within has been republished with permission.
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