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Debt Collection Services Agreement
Free debt collection services agreement template between a business and a third-party collection agency hired to recover unpaid debts.
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This free debt collection services agreement covers 1. Services, 2. Compensation, 3. Compliance with Law, 4. Client's Responsibilities, 5. Handling of Funds with 9 clearly marked [placeholder] fields to fill in — built for small businesses and individuals documenting a loan or expense putting financial terms in writing so both sides have a clear, shared record. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Debt Collection Services Agreement
Client: [Company Name] · Collection Agency: [Agency Name] · Date: [Date]
1. Services
Agency will attempt to collect the delinquent accounts referred by Client, using lawful collection methods.
2. Compensation
Agency's fee is [%] of amounts actually collected ("contingency fee"), paid [upon receipt of funds]. No fee is owed on accounts not successfully collected.
3. Compliance with Law
Agency will comply with the Fair Debt Collection Practices Act (FDCPA) and all applicable state debt collection laws in all collection activities.
4. Client's Responsibilities
Client will provide accurate account information and will notify Agency promptly if a debtor disputes a debt, pays Client directly, or files for bankruptcy.
5. Handling of Funds
Agency will remit collected funds (less its fee) to Client within [Number] days of receipt, along with a report of collection activity.
6. Reporting
Agency will provide Client with [Frequency] status reports on referred accounts.
7. Term and Termination
This Agreement runs [month-to-month / for a Term] and either party may terminate with [Notice Period] notice. Accounts already in active collection at termination will [continue to be worked / be returned to Client], per agreement.
Client: ______________________ Date: ____________ Collection Agency: ______________________ Date: ____________
*This document is provided for informational and educational purposes only and does not constitute legal advice. A business can be held liable for its collection agency's FDCPA violations in some circumstances — vet the agency's compliance practices before referring accounts, since aggressive or illegal collection tactics can expose the original creditor to real legal risk, not just the agency.*
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What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 7 standard sections: 1. Services, 2. Compensation, 3. Compliance with Law, 4. Client's Responsibilities, 5. Handling of Funds, 6. Reporting, …
- 9 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Informal lending & reimbursements
Money changing hands between people or a business and its team, without a bank's paperwork.
FAQ
Is this debt collection services agreement template really free?
Yes — this Debt Collection Services Agreement template on docstoc is free to view, edit online, and download as a PDF with no account or signup required.
What does this debt collection services agreement cover?
This finance template includes 1. Services, 2. Compensation, 3. Compliance with Law, 4. Client's Responsibilities. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. This covers the standard structure, not the interest-rate limits, disclosure requirements, or tax implications that can apply depending on your state and the amount involved. Check those specifics with an accountant or financial attorney before you rely on it.
Can I edit the wording?
Yes. All 9 placeholder fields and every clause are editable right on the page — change what doesn't fit, then download an updated PDF anytime.
Where can I find more free templates like this?
Browse more free finance and related document templates in the docstoc library at /document-templates/.
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