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COLLECTION FEES
Diversified Credit Service is dedicated to the support of the credit
function in reducing bad-debt loss and maintaining control of delinquent
accounts receivables. The basis of our collection program is a specialized
service designed to fulfill the needs of your company. Each client is assigned a
personal collector who is responsible for reporting, collection and active
follow-up on each claim.
Our success is directly attributable to our willingness to learn your business and represent you in a professional capacity. Should it become necessary to involve an attorney, we function as your liaison until the collection matter has been brought to a conclusion.
Fee Structure:
The following contingency rates remain in effect:
| Claim Dollar Amount | Contingency Percentage |
| $200-$1,999 | 25% |
| $2,000-$6,999 | 20% |
| $7,000-$9,999 | 18% |
| $10,000-$30,000 | 15% |
| Over $30,000 | Negotiable |
Attorney Involvement: The above rates are quoted on an in-house basis. Once an attorney becomes involved, the basic attorney collection rate will be in line with the Commercial Law League Rates of 20% of the first $300, 18% of the next $1,700 and 13% of the balance. In addition to these rates, a 10% service fee will be added by Diversified Credit Service.