TERMS & CONDITIONS

Asset Collections Inc. will attempt to collect your claim(s) under the following agreement:

If ACI is unable to collect your debt, there is no charge to you!

To place accounts in collections
with ACI 

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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 insured, 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 receivables due date at the allowable interest rate in the state where the debtor receives mail, and may be waived or retained by ACI 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 ACI 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 You will be responsible for any existing and subsequent commissions due on files that are booked with the agency and withdrawn by you. If open files are withdrawn, you agree to compensate the agency for the appropriate commissions for collection.

6. If active files are withdrawn from our agency, your company agree's to pay a cancellation fee being 50% of the original placement rate.

7. ACI will immediately notify you of any lawsuit or claims against you, or ACI arising out of our efforts on your behalf, and ACI will defend and indemnify you against such claims or suits that arise out of our action. You will defend and indemnify ACI 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. ACI has no authority to settle any debt for less than the full amount owing, except under your express permission.

9. ACI 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.

Address:
10505 SW Barbur Blvd Suite # 301
Portland OR 97219
CONTACT US TODAY
Monday - Friday
7:00am - 4:00pm

Saturday & Sunday
Closed
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