August Investments, Inc. collects commercial and consumer
debts on contingency with no upfront fees or sign-up charges. All fees are
collected only if we recover money for you. In most cases we try to collect our
fees from the debtor so you receive your full outstanding balance. In cases
requiring legal filings and/or legal representation, fees for these services
must be paid by the client at the time of execution.
Debt Collection Contingency Rates
20% Business/Commercial Accounts for amounts less than 90 days from invoice date
25% Business/Commercial Accounts for amounts less than 180 days from invoice date
35% Business/Commercial Accounts for amounts less than 365 days from invoice date
50% Business/Commercial Accounts for amounts over one year from invoice date
25% Retail/NSF checks/Consumer Accounts for amounts less than 90 days from invoice date
30% Retail/NSF checks/Consumer Accounts for amounts less than 180 days from invoice date
35% Retail/NSF checks/Consumer Accounts for amounts up to 365 days from invoice date
50% Retail/NSF checks/Consumer Accounts for amounts over a year from invoice date
All Second and third placements are at a rate of 50%
Debt Collection Terms & Conditions
By executing this Collection Agreement and Submitting your claim online,
you (Client) authorize August Investments, Inc. (AII) to begin immediate debt collection action according to the rates, terms and conditions of all accounts placed for collection.
Client authorizes AII to receive and endorse any funds collected for the purpose of remitting said funds to client less any applicable fees due AII. Client agrees to pay AII its full commission on accounts collected, paid direct to client, withdrawn, waived or forgiven, product or services returned or received in lieu of payment, or settled from any source, after demand for payment has been made.
Client agrees to pay AII a 10% fixed fee in the event an account was placed for collection having already been paid by the debtor prior to placement.
Client agrees to notify AII immediately of any direct communication or payment from Debtor. Client agrees to pay AII an additional 10% fee for any payments received directly by Client from Debtor
that are not reported by Client within 10 days of receipt of payment.
August Investments, Inc.