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25H - AGMT - COLLECTION SRVS
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07/16/2019
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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
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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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AdAmerlcanCapital <br />ENTERPRISES, INC. <br />41070 Ka6da SL Stu 120, MaT;@ a, CA 92562 <br />TA- 951.695.3372 / Fan 951 b95.3763 <br />!NEGOTIATE® FEE PROPOSAL * <br />EXHIBIT B <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 <br />• Second Placement Accounts <br />(If applicable) <br />Legais ................. <br />OTHER PROGRAMS <br />• Letter Service (2 Letter Service) <br />• Early Out Programs ........................... <br />(No more than 120 days from billing) <br />• Special Cleanout Projects ............ <br />21 <br />17% <br />Flat i9% Contingency <br />30% <br />30°/crContingency <br />30% <br />............... -8%-Contingency <br />$20.00 Per Account <br />12% Contingency <br />Quoted Upon Request <br />*Contingent upon a 5 year contract <br />for all assignable bad debt. <br />25H-76 <br />
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