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25H - AGMT - COLLECTION SRVS
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25H - AGMT - COLLECTION SRVS
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Last modified
7/11/2019 5:57:32 PM
Creation date
7/11/2019 5:55:09 PM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
25H
Date
7/16/2019
Destruction Year
2024
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AlArnericanCapital <br />ENTERPRISES, IN'C. <br />41870 Kah da 5t 51. 120, 64 Mv, CA 92562 <br />TCL 951.695.3372 / Fan 951.695.3763 <br />1 <br />FEE PROPOSAL <br />The collection of bad debt is at the heart of American Capitals' receivable <br />Programs. Whether performing early out functions, purchasing bad debt <br />portfolios, or special clean out projects, it all begins with the skill, <br />expertise and technology acquired in the collection of overdue monies. <br />Our proposed rates follow. These fees are also applicable for the optional <br />contract extension period. <br />BAD DEBT PROPOSAL <br />AMERICAN CAPITAL PROPOSES TO COLLECT THE CITY OF SANTA ANA'S <br />BAD DEBT ACCOUNTS AT THE FOLLOWING FLAT RATES: <br />• First Placement Accounts ............................... Flat 19% Contingency <br />• Second Placement Accounts <br />(If applicable) <br />• Legals .. <br />OTHER PROGRAMS <br />... 50% Contingency <br />....................... 40% Contingency <br />• Letter Service (2 Letter Service) ........................ $20.00 Per Account <br />• Early Out Programs ............. :...................... . .......... 12% Contingency <br />(No more than 120 days from billing) <br />• Special Cleanout Projects ..............:................ quoted Upon Request <br />21 <br />25H-70 <br />
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