Collection Agency Fee Provision - Do Your Agreements Include This?

Chances are the agreements you have your customers sign have a provision that states if the account is turned over to an attorney the attorneys fees will be added to the principal. This is very common on agreements.

However, do your agreements also state that any and all collection fees (that would include collection agency fees) will be added to the principal if the account is referred to a collection agency?

If your agreements don't include this provision, a collection agency can't pursue those fees!

If you have questions about this, please contact us or consult with your attorney.

http://www.mediareceivablemangement.com/

305 341 3434