HomeMy WebLinkAboutCredit Bureau Services of Iowa, Inc.- Collection Services Agmnt - 10/15/2018 AGREEMENT FOR COLLECTION SERVICES
AGREEMENT,made between: Waterloo Fire and Rescue(hereinafter referred to as"Creditor"),whose principal
place of business is located at 425 East Thrid Street, Waterloo,IA 50703 and Credit Bureau Services of Iowa, Inc.
(hereinafter referred to as"Collector"),whose principal place of business is 1306 South 711 Street,Oskaloosa, Iowa
52577.
WHEREAS, Creditor desires,from time to time during the term of this Agreement,to submit to Collector for
collection delinquent accounts,unsatisfied judgments, and/or dishonored checks hereinafter called Claims).
WHEREAS, Collector desires to provide Creditor with collection services with respect to said Claims,
NOW THEREFORE, for and in consideration of the mutual covenants hereinafter set forth, it is mutually agreed by
and between the parties hereto as follows:
1. Collector agrees that all activities of Collector shall be carried out in compliance with all applicable
federal,state and local laws.
2. Creditor hereby warrants that all Claims forwarded to Collector will be valid and legally enforceable
debts and that Creditor will both before and after forwarding said Claims, comply with all applicable
federal,state and local laws with respect thereto. Further,Creditor agrees to provide,whenever
requested to do so by Collector: a written verification of a Claim; a copy of the judgment, if any on
which a Claim is based;the name and address of the person or entity to whom the debt was originally
owed, if different fi•om Creditor,
3. If any court of competent jurisdiction shall rule that any provision of this Agreement is invalid or
unenforceable,the remaining provisions shall remain in force and effect and shall not be affected by
said ruling,
4. This Agreement shall be binding on the heirs,legal representatives,successors and assigns of the
parties hereto.
5. Creditor and Collector agree that all actions taken by Creditor and Collector pursuant to this
Agreement shall be in accordance with die TERMS AND CONDITIONS,if any,set forth on the
reverse side hereof or attached hereto. Said TERMS AND CONDITIONS have been signed by both
parties and are hereby made a part of this Agreement fully and effectually as if they were set forth
herein. Thus, whenever the term"Agreement" is used herein, it shall be construed to include said
TERMS AND CONDITIONS. This Agreement, including the TERMS AND CONDITIONS, contains
the entire agreement between the parties hereto and cannot be amended or modified in any respect
except by an amendment in writing signed by both parties.
TERMS AND CONDITIONS
The parties agree as follows:
CLAIMS WILL BE WORKED ON A 30% CONTINGENCY BASIS.IF,HOWEVER,A CLAIM IS
REFERRED FOR LEGAL ACTION,HAS PREVIOUSLY BEEN WORKED BY ANOTHER AGENCY,OR IS
FORWARDED TO AN OUT-OF-STATE AGENCY,THE RATE CHANGES TO 50%,LEGAL ACTION WILL
BE TAKEN ONLY AFTER COLLECTOR RECEIVES WRITTEN PERMISSION AND ASSIGNMENT OF THE
ACCOUNT FROM CREDITOR,
CLAIMS PAID BY INCOME OFFSET PROGRAM WIL BE CHARGED 5%CONTINGENCY. IF HOWEVER,
ACCOUNT IS IN LEGAL STATt)S THE CONTINGENCY IS STAYS AT 50%.
Creditor: Collector: Credit Bureau ervices of Iowa,Inc.
By: � ,LC_' 17- j' 00- By: Brian Grimes)
Title: Title: Director of Sales and Marketing