Terms of Service AgreementTHIS AGREEMENT IS MADE BETWEEN DEBT COLLECTORS INTERNATIONAL, INC. HEREIN REFERRED TO AS DCI and "SIGNER", HEREIN REFERRED TO AS CLIENT.1. Upon placement of a claim(s) DCI will use its best efforts to collect the claim on behalf of CLIENT.2. CLIENT warrants the validity, amount and authenticity of all claims placed with DCI for collection. Upon request CLIENT agrees to forward documentation to DCI to prove the amount, and authenticity of the claim.3. CLIENT may withdraw a claim placed with DCI only where a) there has been no activity on the claim in the preceding sixty (60) days and b) the claim has not been forwarded to an affiliated attorney. All withdrawals must be done via email to accounts@debtcollectorsinternational.com by CLIENT, and any commission due to DCI must be paid before the claim is deemed withdrawn. Any claim canceled by CLIENT while payments are being made or are anticipated will be billed by DCI for the full anticipated commission due on the entire amount of the original claim assigned to DCI. There is a fee of 10% of the principal balance of the claim for administrative, initiation and clerical expense on any claim withdrawn by CLIENT not in accordance with the provisions of paragraph 3a and 3b.4. CLIENT shall report all direct payments made on a claim within three (3) business days of receipt of payment, and the commission due on the direct payment shall be remitted to DCI within (3) days. Once a claim is placed with DCI for collection, CLIENT shall not instruct debtor to make payments directly to CLIENT. CLIENT agrees to forward all communication with the debtor to DCI.5. All claims placed with DCI by CLIENT, that are under one (1) year in age from the delinquency date shall be billed at a rate of 30% of any and all funds collected. All claims placed that are over one (1) year in age from the delinquency date shall be billed at a rate of 40% of any and all funds collected. Any claim, regardless of age with a balance owed under $1000.00 shall be billed at a rate of 50% of any and all funds collected. Any claim that is forwarded to an affiliated attorney of DCI shall be billed at a rate of 50%. DCI is entitled to their full commission due on any payment(s) received regardless of payer or whether paid to DCI, CLIENT or party on behalf of the CLIENT once the claim is submitted.6. Any merchandise returned to CLIENT by Debtor shall entitle DCI to a commission equal to 10% of the actual invoiced amount.7. Any claim placed with DCI by CLIENT that is discovered to have been previously paid or placed by CLIENT in error will be billed by DCI to Client at a rate of 10% of the placed amount as an administrative, clerical, and initiation fee. An Error is defined as a circumstance where the debt is not valid.8. CLIENT understands that DCI may at their discretion forward a case or a claim to an outside law firm or collection network to assist in the recovery of said claim and hereby grants DCI permission to do so. It is further understood that CLIENT must give approval in the event that such a transfer will result in additional charges.9. DCI shall account to CLIENT on a monthly basis all funds collected by DCI on CLIENT’S behalf and all remittances and/or invoices will be sent at this time.10. CLIENT grants to DCI and to any affiliated attorney or collection firm that may be forwarded CLIENT claim(s) the express authority to endorse and negotiate any check, draft or other negotiable instrument made payable to CLIENT for deposit in trust for distribution to CLIENT after deducting the commission and fees due DCI under this agreement.11. In no event shall DCI be liable in any respect for the inability to collect any claim placed by CLIENT for collection. It is understood and agreed that DCI is not a guarantor of any specific result on accounts placed by CLIENT.12. DCI agrees and shall hold harmless CLIENT from any claim, demand, action, or judgment, including all reasonable legal fees arising out of any action done by DCI in connection with the collection of any claim(s) placed by CLIENT, which is not a result of a violation by CLIENT of any portion of provision 2.13. This agreement shall be construed in accordance with the laws of the State of Florida. The venue for any disputes between the client and DCI shall exclusively be in Orange County Florida. In the event that any provision hereof is found to be invalid or unenforceable, then that provision shall be deemed to be severed and removed, and the remaining provisions shall remain valid and in full effect.
BY EXECUTING THIS AGREEMENT CLIENT UNDERSTANDS THAT THE FILE IS BEING PLACED FOR COLLECTIONS. CLIENT UNDERSTANDS THAT DCI WILL USE THEIR BEST EFFORTS TO SECURE PAYMENT ON THEIR BEHALF AND WILL DIRECT ALL COMMUNICATIONS TO DCI. BY TYPING MY NAME BELOW, I ACKNOWLEDGE AND AGREE THAT THIS ELECTRONIC CERTIFICATION SERVES AS MY LEGALLY BINDING SIGNATURE UNDER THE UNIFORM ELECTRONIC TRANSACTIONS ACT (FLA. STAT. § 668.50). I AFFIRM THAT THE INFORMATION PROVIDED IS TRUE AND ACCURATE TO THE BEST OF MY KNOWLEDGE, AND I UNDERSTAND THAT FALSE STATEMENTS MAY RESULT IN PENALTIES. I FURTHER CONSENT TO THE USE OF MY TYPED NAME AND OTHER FORM DATA TO UNIQUELY IDENTIFY ME AND SIGNIFY MY INTENT TO SIGN THIS DOCUMENT ELECTRONICALLY, WITH THE SAME LEGAL EFFECT AS A HANDWRITTEN SIGNATURE.
