Term Of Services
Superior Credit Services SERVICE AGREEMENT TERMS AND CONDITIONS
This agreement is made as of the date of acceptance between Superior Credit Services, hereinafter referred to as “Agency,” and [Client’s Name], hereinafter referred to as “Creditor/Client.” This agreement outlines the terms under which the Agency will collect delinquent accounts on behalf of the Creditor/Client through its network of attorneys, collection specialists, and affiliated agencies.
1. Retention of Services
- The Creditor/Client retains Superior Credit Services to provide professional debt collection services.
- Both parties agree to maintain the highest ethical and professional standards in conducting debt collection activities.
2. Account Validity and Documentation
- The Creditor/Client warrants that all claims placed with the Agency for collection are valid, accurate, and legally enforceable.
- Upon request, the Client agrees to provide documentation supporting the claim’s validity.
- Any partial or full payments received by the Client after submitting the account to collections will be subject to fees as outlined in Article 5 below.
3. Collection Procedures
The Agency will act as it deems appropriate to collect debts, including but not limited to:
- Accepting partial payments on behalf of the Client.
- Endorsing and depositing checks payable to the Client.
- Negotiating settlements (with prior approval from the Client).
4. Communication with the Debtor
- Once an account is placed for collection, the Client must cease all communication with the debtor.
- The Client agrees not to engage another agency or representative to collect the same debt.
- Any direct payments received from the debtor will be subject to fees per Article 5 below.
5. Collection Fees & Commission Rates
All claims placed with Superior Credit Services are subject to the following commission rates:
- 33% of the amount collected on accounts less than 1 year old.
- 50% of the amount collected on accounts more than 1 year old.
- 50% of the amount collected on accounts valued under $500.
- 50% of the amount collected on accounts requiring outside attorney litigation.
No Collection, No Fee:
If the Agency does not recover funds, the Client owes nothing for the service.
6. Account Withdrawal & Cancellation Policy
- If a claim is withdrawn or canceled, a 10% administrative fee will apply.
- Once legal proceedings are initiated, withdrawals are only allowed after reimbursement of all fees and costs incurred.
- All disputes arising from this agreement shall be resolved under the jurisdiction of [Your Preferred Location].
7. Agreement Cancellation
- The Client may cancel this agreement by submitting a written request via email to [Your Contact Email] or by mail to [Your Company Address].
- Cancellation takes effect 30 days after written notice is received.
- Any payments received before cancellation are subject to fees per Article 5.
By submitting accounts for collection, the Client acknowledges and agrees to the terms and conditions outlined in this Service Agreement.
For further inquiries, contact Superior Credit Services at [Your Contact Email] or call [Your Phone Number].
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