*Contingent Upon Collection*
*18% on claims collected for $2500 and above
25% on claims collected between $250 and $2500
50% on claims collected below $250
35% on claims over two (2) years old and/or out-of-business accounts
35% on international claims
RATES WHEN PLACED WITH LOCAL ATTORNEY
25% contingent if collection made prior to suit being filed
30% contingent if collection made after suit is filed
In order to initiate a lawsuit, the local attorney may require court costs and a “nominal” non-contingent suit fee. This fee will usually not be more than 5% of the claim. MCC will always negotiate with the attorney to obtain the best and least costly arrangement for the client.
MCC will work with the attorney to determine if any fees, court costs, and interest can be recovered. No legal action will be taken without the client’s authorization.
RATES ON RETURN OF MERCHANDISE
If an account is settled through the return of merchandise or a credit, one-half of the normal rates will apply.
*These rates may be negotiable based on volume or size of accounts placed