Rates

Chasemax, Inc. always works on a contingency basis, if we do not collect your money, you don’t owe us a dime. When your company places an account for collections There is Absolutely No Upfront Fee. In Fact, over 80 percent of the time Payments Go Directly to You. All we ask is that after our services have been retained, and the monies are received you notify Chasemax and pay our fee. Chasemax receives the payment for one of two reasons, either our client has had problems clearing the debtors check, and would like us to run the check through our banking division to verify funds or special arrangements have been made for the PTC (Pay to Client). Nonetheless, working with Chasemax is 100 Percent Risk Free; the absolute worst case scenario is we would fail to collect on an account that would have otherwise been written off. Much of our competition will offer questionably low rates; this does not allow them to invest the money we do on Private Investigators and Demand Letters in Your Jurisdiction. Just as everything else in life, "You Get What You Pay For". What sounds better? Recovering 80% of an account at 90 days or 67-50% after a year? Don't Wait Until The Account is "Uncollectable"



Schedule of Fee's

Primary Placements
Primary placements are defined as accounts that have never been placed with a collection agency by Client or any prior holder of the account being placed, and located within the United States. Contingent fee percentages are based on the age of the account as of the date of placement. For purpose of determining the age of delinquency, the last date of sale or service is used.

Age of Account Contingent Fee
Under 30 Days Negotiable
Under 90 Days 20%
91-365 Days 25%
>365 Days 33-50%

 

Secondary Placements
Secondary placements are defined as accounts that have been placed with one collection agency by Client or any prior holder of the account being placed prior to placement with Chasemax.

All Secondary Placements Regardless of Age
33-50%
All Accounts less than $750.00 50%
Returned Merchandise Fee
Client will give 100% credit for all merchandise returned for purposes of calculating fee due Chasemax.
1/2 of normal fee
Cancellation Fee
A fee will be charged on any account that is inappropriately cancelled or due to interference from client once Chasemax has been retained. Cancellation fee will be full fee due or 15% of balance. Waiver of cancellation fees will be based upon just cause.
15%

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