Schedule of Charges - Commercial Accounts Only

Coastal's contingent commissions which follow are based on primary placements for which none of the following conditions are present:

No other third party communicated with the debtor.

The age of the oldest open invoice is not more than 18 months from the invoice date.

Your company and any of your divisions or subsidiaries warrants the sum placed for collection is due and owing.

The business phone number provided for each account is in service and the address provided is correct with no mail being returned.

Coastal Contingent Commission :

Twenty-five percent (25%) of the first $3,000 collected, plus,

Twenty percent (20%) of the next $22,000 collected, plus,

Eighteen percent (18%) of the balance collected.

For matters in excess of $50,000.00, the commission rate may be negotiable, based on the merit of the individual matter. We also reserve the right to request an increase to our contingent commission. Under no conditions shall a higher rate be charged or earned without the your prior written authorization.

Minimum Commission on Small Accounts:

On accounts under $400, Coastal's commission is the lesser of 50% or $100 of the collected amount.

Matters Placed with an Attorney

Coastal commission shall be ten percent (10%) of all sums collected if the claim is collected through the efforts of an attorney. This applies, regardless of who chooses the attorney, your company or Coastal.

Return Merchandise

There will be a charge for merchandise returned. The charge will then be ten percent (10%) of the credit or $250.00, whichever is less.

Discovery Charge

A charge of ten percent (10%), or $250.00, whichever is less, will be earned and due Coastal when the following condition is present:

The debtor PROVES the total sum placed is not due and owing. There will be no discovery charge unless the debtor PROVES the money is not owed. A general denial by the debtor does not constitute proof.

The debtor proves the debt was paid prior to placement

Aged Accounts or Out of Business Prior to Placement

Matters with an open invoice which is more than 18 months from invoice date, or business whose telephone is not in service and/or mail is returned, shall be charged:

A non-contingent flat fee of $30 per account; billed after our internal skip-tracing process is complete and the file is closed as uncollectible. This fee includes a letter for each account closed advising you of our efforts to collect and to write the account off to bad debt.

A contingent commission of thirty-three and one-third percent (33.3%), or $200.00, whichever is greater; billed upon collection.

Withdrawn Accounts

Accounts that have been received and acknowledged which are withdrawn without the prior written consent of Coastal, shall be subject to a commission charge as set forth heretofore. Coastal shall be entitled to such commission charges when notice is received from your company or when Coastal otherwise learns of such event.

Note:

The above rates are those generally charged for commercial clients. While we may know the type of placements in a specific industry, each client has their own policy on what is placed for collection. There are numerous factors which directly affect the strategy and ultimately the collectibility of a placement. Factors which impact directly on the cost to handle a placement.