• This section is for the assignment of new accounts.
• The General Assignment is the assignment contract.
• The Listing Sheet is for information of the debtor/business you are assigning to collections.
• You must attach validation of the debt.
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GENERAL ASSIGNMENT
1. The undersigned Assignor hereby assigns its account receivables for collection to THE COLLECTION CONNECTION (hereinafter “TCC”), located at 9800-D Topanga Canyon Blvd., #311, Chatsworth, CA. 91311. TCC shall have full authority and power to take any and all action to collect the assigned accounts.
2. This GENERAL ASSIGNMENT shall bind the parties on all accounts that are turned over to TCC to the same extent the parties would be bound had they executed a separate assignment on each account.
3. The commission rate on collections shall be as follows:
a. 35% on all accounts
b. 45% on assigned judgments
c. 40% on all reassigned, second placement, or forwarded accounts
d. 20% on any payments you receive prior to assignment that are NOT
reflected in the balance assigned to us.
4. A 20% finder’s fee and any advanced fees will be charged on accounts withdrawn after demand has been made.
5. Except as specified in 3.d, the above rates apply to sums collected after assignment whether received by TCC or the Assignor.
6. Assignor understands that TCC will retain as additional compensation, any interest and attorney fees collected. Further, TCC shall retain any monies collected under California Civil Code Section 1719, (the bad check law) in the same percentage as that agreed to herein for the collection of the principal assigned.
7. Assignor hereby agrees that commissions due TCC under this agreement may be deducted by TCC from monies collected by TCC.
8. Assignor understands and agrees that if Assignor is sued in a cross complaint for reasons attributable to the actions of the assignor, it will be responsible for obtaining and paying for an attorney to represent Assignors interests.
9. TCC IS NOT RESPONSIBLE FOR THE RUNNING OF THE STATUTE OF LIMITATIONS.
10. Assignor represents that if it is a corporation, it is in good standing, if it is a partnership or sole proprietorship, it has complied with the fictitious business name statutes of this state, and if it is in a business requiring a license, that license was in good standing at the time the debt was incurred, is in good standing as of the date of this agreement, and will remain in good standing during the pendency of any collection activity done by TCC on assigned accounts.
WE AGREE TO THE ABOVE:
Date:__________________________ Date:____________________________
NEW CLIENT SIGNATURE THE COLLECTION CONNECTION
By____________________________ By_______________________________
Authorized Agent
Print Name:_______________________ Print Name:_________________________
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THE COLLECTION CONNECTION
SPECIALIZING IN DEBT ENFORCEMENT
CLIENT REF.#
CLIENT INFORMATION
| CLIENT CODE: CLIENT NAME: COMM.% |
| STREET : STATE: ZIP CODE: |
| DATE ASSIGNED: BY: PHONE # ( ) |
———————————————————————————————————–
DEBTOR’S INFORMATION
| LAST NAME: FIRST NAME: SS# |
| STREET: CITY : STATE: ZIP CODE: |
| HM PH# ( ) – WORK PH# ( ) – D.O.B.: |
| DATE OF SERVICE: AMOUNT ASSIGNED: DATE OF LAST PMT. |
| BUSINESS FIRM: POSITION: |
| STREET: CITY: STATE: ZIP CODE: |
———————————————————————————————————–
SPOUSE’S INFORMATION
| LAST NAME: FIRST NAME: SS# |
| STREET: CITY: STATE: ZIP CODE: |
| HM PH# ( ) – WORK PH# ( ) – D.O.B.: |
| BUSINESS FIRM: POSITION: |
| STREET: CITY: STATE: ZIP CODE: |
| BANK NAME: ACCOUNT# |
| BANK ADDRESS: CITY: STATE: ZIP CODE: |
| DOCUMENTS ATTACHED? yes no |
| REMARKS: |
| JUDGMENTS: COURT NAME CASE # |
Dear Client,
We acknowledge with thanks the above account received in our office for collection. We are to advance all court costs and attorney’s fees, and will be reimbursed for court costs out of first money received on each respective claim. To offset losses where we do not recover monies advanced by us, we may retain interest collected as additional compensation.
This claim is accepted for collection at the commission rate specified in the client section above.
•(818) 678-4300 • (800) 464-0742 • FAX (818) 678-4327 •
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