Rate Schedule
CedMar’s rate schedule is extremely competitive, is based on the age of the receivable, and is ultimately determined by the number of days a client decides to hold onto a past due account that is causing concern, by exhibiting the classic ‘Red Flag’ behavior:
- Breaking promises for payment more than once
- Breaking an agreed upon payment arrangement
- Finding frivolous disputes with product quality or work performed never previously mentioned
- Bouncing checks more than once
- Claiming that the invoice was lost more than once, etc.
Clients that are pro-active in placing accounts that identify themselves as problems improve our chances of generating cash flow, and in the end they pay a lower contingent rate for our unique services.
Remittance Policy
All monies collected from a client’s DEBTOR customer(s) during any month’s approximate 20 – 23 business day collection cycle, will be remitted to the client the following month during the week of the 15th.
Rates
- # Days
- 0-120
- 121-180
- 181-730
- 2nd Placements
- 731+
- Litigation
- International
- Percent %
- 20%
- 25%
- 33.3%
- 35%
- 35%
- 35% + Filing Fees
- 45%
