SPECIALIZED SERVICES
Nationwide coverage at no additional
cost.
Our best efforts begin immediately upon receipt of your claims.
Comprehensive status reports are provided regularly to keep you advised of our progress.
Carefully selected, bonded collection attorneys throughout
the U.S. and abroad.
Proceeds of all collections forwarded without delay upon clearance of funds.
MCC COLLECTION RATES
*Contingent Upon Collection*
A. BASIC RATES
18% on claims collected for $2500 and
above
25% on claims collected between $250 and $2500
50% on claims collected below $250
35% on claims over 2 years old and/or out-of-business accounts
35% on international claims
B. RATES WHEN
PLACED WITH
LOCAL ATTORNEY
25% contingent if collection made
prior to suit being filed
30% contingent if collection made after suit is filed
In order to initiate a lawsuit,
the local attorney may require court costs and a "nominal" non-contingent suit
fee. This fee will usually not be more than 5% of the claim. MCC will
always negotiate with the attorney to obtain the best and least expensive arrangement for
the client.
MCC will work with the attorney
to determine if any fees, court costs and interest can be recovered. No legal action will
be taken without the client’s authorization.
C. RATES ON
RETURN OF MERCHANDISE
If an account is settled through
the return of merchandise, one-half of the normal rates will apply.
UNIFORM
COMMERCIAL
CODE PROGRAM
| A. |
UCC-1
(UCC-1
Financing Statement) |
|
| 1. |
Preparation
of all UCC-1 documents |
$100.00 |
| 2. |
Filing
and courier costs |
$25.00 |
| 3. |
Documents
immediately forwarded to your customer for signature |
|
| 4. |
Timely
and accurate filing of UCC-1 documents at applicable state
agency |
|
| 5. |
You
are provided with copies of all files documents, as well as a
Reminder Notice to keep your UCC-1 filing current |
|
|
|
$125.00 |
| B. |
PURCHASE-MONEY
SECURITY INTEREST
(UCC-1
Financing Statement and Security Agreement) |
|
| 1. |
Preparation
of all UCC-1 documents and
Preparation of Security Agreement - terms and agreement to
afford creditor:
a. A
Priority Security Interest in collateral and inventory ahead of
all other creditors
b. Right
to repossess collateral upon default |
$225.00 |
| 2. |
Filing
and courier costs |
$25.00 |
| 3. |
Documents
immediately forwarded to your customer for signature |
|
| 4. |
MCC
notifies all other Secured Creditors of your Priority Security
Interest. |
|
| 5. |
Timely
and accurate filing of all documents (i.e., Perfection must
occur by the time the Debtor receives possession of Collateral
or within 10 days thereafter.) |
|
| 6. |
You
are provided with copies of all files documents, as well as a
Reminder Notice to keep your UCC-1 filing current. |
|
|
|
$250.00 |
| C. |
AMENDMENTS,
CONTINUATIONS OR TERMINATIONS
(UCC-1's
are generally valid for 5 years from filing) |
|
|
|
|
| 1. |
Preparation
of UCC Amendment, Continuation or Termination |
$75.00 |
|
Filing
and courier costs |
$25.00 |
|
|
$100.00 |
