Got it! Two pieces of good news:
 

Good news for you is that we are legally allowed to DEMAND MORE MONEY than you are owed because you are going through the inconvenience of sending them to collections...

If you are owed $100,000 for example, we add on an additional 25% AND 1.8% per month (or 18% per year) *where applicable* AND damages that you can prove...

This means:

Instead of asking them for $100,000, we may be able to DEMAND $150,000.

It's not often we get this higher number, but it's a BETTER place to start the negotiation right?

YOU GET A % OF THE TOTAL AMOUNT WE ACTUALLY COLLECT.

We may reach a settlement for $140,000 or $135,000 or $100,000 etc... you get paid your % of what we collect. 

YES, you approve the settlement amount BEFORE we accept it. You're in control of the process.

Based on your situation of only being owed money by 1 company, here's the breakdown of what's in your agreement in your email:

These are the percentages YOU GET of TOTAL MONEY COLLECTED:

YOU GET 55% for accounts that are 2nd placements (already sent to a collection agency or with a lawyer before we start), international accounts (outside of the United States), and judgments

YOU GET 60% for accounts that are OVER 12 months (1 year) old because they are old and harder to collect

YOU GET 65% for accounts that are UNDER 12 months (1 year) old because they are fresher and easier to collect

Your simple 1 page agreement is only 8 lines. Tens of thousands of companies have signed this exact same contract over the last 50 years so no we are not open to amending it. It's simple, clear and protects both of us. Here's what the 8 lines mean:

1. You are sending accounts to collections and can continue to send accounts whenever you want. You provide documentation/proof to show the debt is owed like: signed agreement, invoices, work/change orders, email/text correspondence and anything else that helps make your case stronger.

2. You agree to pay the percentage of the money collected to the collection agency AFTER they collect it. The collection agency does NOT guarantee they will collect, but they will try their best!

3. When you send the account to collections, the agency will figure out if it is collectible or if it's not because it's outside the statute of limitations, the company is bankrupt or some other reason. If it's not collectable, you will be told this in writing so everyone is protected

4. When you send accounts to collections, the agency starts RIGHT AWAY. You DO NOT CONTINUE to talk to the company that owes you money. If they contact you, you refer them to the collection agency. You NEED to send your documentation/proof to the collection agency within 10 business days. Ideally, within 48 hours. If not, the agency may not be able to help and can stop working on getting you paid because they don't have the evidence needed.

5. The collection agency can collect the money any way from the company that owes you, and will deduct its percentage for getting the job done, and will mail a check to you on the 20th day of the following month AS THE MONEY COMES IN. If it's a payment in full, you get 1 check. If the company pays in installments, you get checks mailed to you monthly (your % of the settlement amount which you approved).

6. This is important: you are agreeing NOT to do any of these things:

   1. place a fake debt (lying and saying you're owed money but you're not)

   2. interfering with the process by talking to the company that owes you

   3. send the same company to collections with another agency or a lawyer while our agency is working on it

   4. you ALREADY got paid the debt, and are using our agency to get paid again (even though you're not owed money anymore)

   5. you 'give up' and want to stop the process after we already started and invested our resources
      
      If you do any of these 5 things above, you're breaching our agreement and owe the fee to the agency for messing up. This rarely happens but just be aware of it. You also agree to tell the agency within 5 days if you get a payment from the company directly, or they return merchandise to you or give you credit etc.

7. If the collection process does NOT result in you getting paid AND we see that the company has money AND you want to take them to court here's how it works: you say YES and pay the State filing fee and we get you a contingency-based attorney OR you say no and we stop the process and you don't pay anything. You're in control.

8. The agreement may be amended in writing by both parties, and both parties must agree. If there's an issue it will be resolved in Dallas County, Texas.

Listen, these terms are MORE than fair and tens of thousands of company have signed this exact same agreement.

Good question!

1. The MORE documentation and proof you send over the better chance of you getting paid

2. Tell others at YOUR company that if the company that owes you contacts them, to NOT talk to them, and simply notify the collection agency right away

3. You get weekly email updates so you know what's going on during the process

4. This is NOT a collaboration. The agency handles everything. If they need clarity on something or more proof, just email or text them back ASAP, but do NOT talk to anyone at the company who owes you money

5. You're in great hands...the best. 50 years experience, veteran-owned and operated, A+ BBB rating, fully transparent. The best in the industry, hands down.