Retail / Commercial Contract

Accounts under $200.00 / Over 2 years old . . . . . . . . . . . . . . 50%
Accounts up to $10,000.00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35%
Accounts over $10,000.00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28%
All rates subject to GST

TERMS AND CONDITIONS NO COLLECTION - NO CHARGE

1. The Creditor agrees to assign the accounts to the Credit Bureau for a period of not less than six months. It is agreed that an account, within 6 months period from date of listing, cannot be de-listed or closed without payment of a service fee by the creditor. In the event an account is closed by the creditor, Credit Bureau of Vernon may, at it's discretion, charge a closing fee which will not exceed 10% of the balance submitted for collection.



2. The Creditor guarantees that the names and amounts on the accounts listed are correct. The creditor also declares that the debts submitted to the Credit Bureau are legitimate and undisputed debts owed to the creditor.



3. The Creditor agrees to report all direct payments made to them to the Credit Bureau within 24 hours. It is understood that full credit for collections is to be given to the Credit Bureau and the above commissions will apply. All returned merchandise will be charged at full rates.



4. All Accounts owed to the Credit Bureau are due & payable when rendered.



5. All interest earned on trust funds held in trust by the Credit Bureau on behalf of the creditor shall become the property of the Credit Bureau. All monies collected are paid out by the 15th of the month following the month in which they are collected.



6. The Creditor acknowledges that on a monthly basis all accounts will be reported to Canada's two credit reporting agencies. Amounts over $50 will be reported to TransUnion and amounts over $100 to Equifax Canada.



7. This contract applies to accounts listed now and at later dates. We regret we cannot accept the responsibility for loss of original documents.

*Please contact our office Toll-free 1-888-628-DEBT for follow-ups and progress on accounts*

CREDITOR: ______________________________________________________________________

TYPE OF BUSINESS: ______________________________________________________________

DATE: _______________________________ CONTACT:__________________________________

ADDRESS: ______________________________ CITY__________________ ZIP ______________

TEL: ______________________________________ FAX: _________________________________

E-MAIL: _________________________________________________________________________

SIGNATURE: _____________________________________________________________________