Professional Recovery Service
400 Mann Street Suite 906
Corpus Christi, Texas 78401
(361) 884-3701
SERVICE AGREEMENT
THIS AGREEMENT IS ENTERED INTO ON THIS____DAY OF_____________,20______
BETWEEN PROFESSIONAL RECOVERY SERVICES, HENCEFORTH KNOWN AS PRS
AND ____________________________________, HENCEFORTH KNOWN AS CLIENT
PRS AGREES TO ACCEPT ACCOUNTS FROM CLIENT FOR COLLECTION ON A
CONTINGENCY FEE BASE OF___________________. . PRS AGREES TO REMIT WITHIN 60 DAYS THE CLIENT'S SHARE OF ANY MONIES DUE. PRS WILL ATTEMPT COLLECTIONS WITHIN THE REQUIREMENTS OF THE FAIR DEBT AND COLLECTION PRACTICES ACT
CLIENT AGREES THAT ACCOUNTS ASSIGNED ARE LEGALLY DUE AND THAT DATES AND AMOUNTS ARE CORRECT.
CLIENT AGREES TO PAY PRS ITS USUAL COMMISSION RATES WHETHER PAID TO THE CLIENT OR TO PRS AND REGARDLESS OF SOURCE OF PAYMENT
PRS IS ENTITLED TO ITS USUAL COMMISSION FROM THE DATE OF PLACEMENT.
CLIENT AGREES THAT ACCOUNTS ARE ASSIGNED FOR AN INDEFINITE TIME
BUT MAY BE CANCELED BY REQUEST BY CERTIFIED MAIL AFTER 6 MONTHS UNLESS ACCOUNTS ARE PAYING OR IN THE PROCESS OF PAYING.
CLIENT AUTHORIZES PRS TO ACCEPT, ENDORSE, AND DEPOSIT NEGOTIABLE INSTRUMENTS PRESENTED FOR PAYMENT ON ACCOUNTS PLACED FOR COLLECTION BY THE CLIENT
CLIENT AGREES THAT PRS MAY OFFSET ANY MONIES DUE CLIENT AGAINST ANY UNPAID INVOICE.
PRS WILL ADD ON TO EVERY DEBTOR BALANCE 45% OF THE FACE VALUE OF THE DEBT CLIENT ALSO ACKNOWLEDGES THAT THE ADD ON FEE TO THE DEBTOR IS NOT PRS 'S FEE, ONLY AN ADD ON TO THE DEBTOR.
Professional Recovery Services
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