Place Account for Collection

You've worked the accountNow it's time to focus on more productive matters. Let NACM focus on those hard to get dollars.

Use this timely, aggressive service when you feel your commercial account will not pay unless firm pressure is exerted by NACM. Immediate contact is made by our experienced collectors with professional techniques to provide you the service you expect and deserve. With a network of NACM offices and agents strategically located, both nationwide and international claims can be handled efficiently. You can conveniently check the status of your placed accounts online 24/7. Ask any of our collectors for access instructions.

Collection Rates
50% on accounts less than $200.00. Accounts over $200.00 are charged: 25% on amounts collected up to $2,000; and 20% on balance over $2,000. Thus, for a collection of $2,500.00, a client would pay NACM Business Credit Services 25% of the first $2,000 and 20% of $500.00 and you have added funds to your cash flow that you otherwise may not have had. A 33.3% rate applies to all claims that have been previously placed with other attorneys, collection agencies or if you have obtained your own small claims judgment.

Recovery of Bad Checks
We are experienced in the recovery of bad checks. Don’t overlook this valuable service from NACM Business Credit Services. Regular collection rates apply.

Bonded Attorney Services
NACM Business Credit Services has secured Professional Legal Counsel nationwide with expertise in the litigation of accounts. This service should be utilized when the debtor's financial condition or attitude indicates it cannot be collected without legal action. You are kept advised of our progress and we ask for your approval prior to sending any claim to an attorney. You can also send the account to us for collection and direct that it be immediately forwarded to one of our attorneys.

Legal Rates:
Accounts less than $1500.00 may not be forwarded for suit. If an account is forwarded to a Bonded Attorney accepting commercial collection rates, the following rates apply:

35% Of the first $300.00 collected;
33% Of the next $1,700.00 collected; and
28% Of the balance collected in excess of $2,000.00.

In some areas the above rates may not apply. Again, you will be advised of the rate. If it is higher, we will advise you as we obtain your approval to forward the account to an attorney.

The creditor is required to advance court costs and suit fees which are usually nominal. We discuss these with you in advance so you can make an informed decision when determining whether to have the account placed with an attorney.

Your Company Information Name AND/OR Company (Enter NA if unapplicable)
*Company Name:		*Person to Contact:
*Address:		*City/State/Zip
*NACM Member?:	Yes No
Member Number:
*Phone:
*Email Address:
Debtor’s Information Name AND/OR Company (Enter NA if unapplicable)
DBA:		*Debtor(s):
*Debtor Address:		*Debtor City/State/Zip:
Person to Contact:		*Phone:
Fax:		Cell Phone:
Email		Debtor Account Number:
*Last Invoice Date:
Collection Costs
		Principal Balance:
Finance Charges
If placed into regular collections, add: For cost of collection. State a different amount if your contract states a rate other than "all," "reasonable," or "1/3."
Combined Total:
:
Commercial Debt    OR Consumer Debt
Please send directly to Attorney.
Comments/Prior Conversations/Brief History of Account:
The following information will help us to collect on your account:
Is the account disputed?		Yes No
Is the address of debtor good?		Yes No, please skip trace.
Is the debtor company still open?		Yes No
Has the debtor filed bankruptcy?		Yes No
Do you have a judgment against the debtor?		Yes No
Please indicate which items you can make available to us if needed:
Credit Application:		Copy of Correspondence:
Current Statement:		Personal Guarantee:
Contract or Promissory Note:		Copy of Lien:
Copy of Bad Check Notice and Mailing Receipt:		This Account is in Dispute:
Invoices (Copy or Original):		Bad Check (Copy or Original):
Please do not send statements to this customer from this date forward. If the debtor contacts you, please refer the debtor to this office and if payment or arrangement is made, please notify us immediately.
Terms and Conditions: We, the Creditor, hereby assign, transfer, and set over to NACM Business Credit Services (NACM), a corporation, P.O. Box 460, Midvale, UT 84047-0460, for collection purposes the above claim or claims against said debtors. Creditor does hereby give said assignee full power and authority to collect said claim(s). We warrant and represent that the claim or claims assigned are valid and existing claims and we agree to provide documentation to support same. Creditor hereby authorizes NACM to report these claims to local and national credit reporting databases. Collection commissions will be charged at the current published rates as stated above under "Collection Rates", unless otherwise agreed to in advance in writing. When accepting accounts for collection, NACM Business Credit Services acts only as Creditor’s agent and does not assume responsibility for the acts, omission, neglect or default of the correspondent, attorney or subagent to whom the account has been forwarded for collection or legal action. As agent, NACM is authorized to proceed at once to collect the account at the published rates, and to accept payments and to endorse checks, notes, money orders or drafts for deposit, the net proceeds of which will be remitted to Creditor. Accounts that are forwarded to an affiliate or attorney generally mean a ten to fifteen percent increase in commission rates. If legal proceedings are necessary, Creditor will advance the court costs and suit fees requested by the attorney. The attorney fees as allowed by the court may be retained by the attorney. Commercial collection rates are not always obtainable on forwarded accounts in certain localities where higher rates may apply. NACM reserves the right to request a higher rate in these cases. Legal action will not be taken without authorization. Commissions are due regardless of whether payment is made directly to Creditor or collected by NACM. All commissions are deducted from payments received by NACM Business Credit Services. Creditor will remit commissions invoiced for direct payments. Any delinquent commissions, fees, costs or suit fees will be deducted from current amount due Creditor/Member/Client. Accounts placed for collection are not subject to withdrawal without payment of the commission. If merchandise or product is returned or received as payment, settlement or partial credit, one-half of the regular rate/commission will apply. However, if the account is forwarded to an affiliate or an attorney, one-half of applicable or prevailing rate will apply for merchandise and product returns. When it is discovered that a payment was made prior to assignment, a discovery fee of ten percent will be due. A cross-complaint is an independent action which must be defended separately. It will be necessary for Creditor to retain an attorney to defend the cross-complaint.
Yes *I have read and agree to NACM's Terms for collection of accounts placed for collection byme/company
Re-Type Security Code: