Collection Agency Fees Sample Clauses

Collection Agency Fees. If the University considers it necessary to engage the services of a collection agency or attorney to obtain payment, then You must pay an additional collection fee of 15% of the principal balance plus any attorney fees, reasonable expenses, and other costs incurred, to the maximum extent allowed under applicable law.
AutoNDA by SimpleDocs
Collection Agency Fees. I understand and accept that if I fail to pay my student account bill or any monies due and owing Xxxxx College by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, Xxxxx College may refer my delinquent account to a collection agency. I further understand that in such a case I am responsible to reimburse the college the fees of any collection agency, which may be based on a percentage at a maximum of 33% of the debt, and all costs and expenses, including reasonable attorney’s fees, the college incur in such collection efforts. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus.
Collection Agency Fees. I understand and agree that if I fail to pay any amounts due by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, I will be responsible for all collection costs, including reasonable attorneys’ fees, court costs and other expenses. Xxxxxx may refer my delinquent account to a collection agency and I further understand that I am responsible for paying the collection agency fee which may be an amount up to 15% of my delinquent account. Finally, I understand that my delinquent account may be reported to one or more national credit bureaus.
Collection Agency Fees. I understand and agree that if my student account remains unpaid beyond the end of the semester for which I incur charges, interest of 1.5% per month (18% APR) will begin to accrue on my unpaid balance. I further understand that my delinquent account may be reported to one or more of the nationwide credit reporting bureaus and may be turned over to an outside agency for collection. In the event that I default on this agreement and it becomes necessary to place this account for collection, I agree to pay collection fees, not to exceed 50% of the debt, plus any court costs and/or attorney fees resulting from the enforcement of this agreement. (Collection fees are in addition to the principal amount, fees, and interest charges.) Additionally, I agree that UVU shall have the right to offset any monies due me from UVU against the balance due on my student account. COMMUNICATION: I understand all correspondence from Utah Valley University will be sent to my myUVU email account (including my billing statements) and therefore I am responsible for reading the e-mails I receive from UVU on a timely basis. I agree to keep my contact information current with UVU and further agree to allow Utah Valley University and its agents to contact me at any address, telephone, or cell phone number that I provide now or in the future. Method of Communication: I understand that Utah Valley University uses electronic billing (e-bill) as its official billing method and that all correspondence from Utah Valley University, including my e-bills and other notifications of outstanding debt, will be sent to my myUVU email account. I further understand that the University may send correspondence and paper bills via the U.S. Postal Service to my Local and/or Permanent address(es) listed in myUVU. Therefore, I acknowledge that I am responsible for reading the emails and all other correspondence I receive from UVU on a timely basis. I understand that failure to review my bill does not constitute a valid reason for not paying my bill on time. Contact Information and Consent to Communication: I agree to keep my contact information current with UVU for purposes of continued communication regarding any amounts that remain due and owing to UVU or to receive general information from UVU. I further agree to allow Utah Valley University and its agents to contact me at any address, telephone, or cell phone number that I provide now or in the future, using automated telephone dialing systems, artificia...
Collection Agency Fees. I understand and agree that, if I fail to pay my student account bill or any other monies due and owing to the University by the scheduled due date and fail to make arrangements acceptable to the University to bring my account current, the University may refer my delinquent account to a collection agency. I further understand and agree that, in the event my delinquent account is referred to a third party for collection, whether an attorney or collection agency, I will be responsible for any costs (including but not limited to collection fees) associated with attempting to collect the monies due and owing. I understand a collection agency fee will be deemed due and payable at the time the delinquent account is referred to such collection agency, and will be calculated at the maximum amount permitted by applicable law, but not to exceed 33% of the delinquent account (the “Collection Agency Fee”). I understand that any such Collection Agency Fee is not intended as a penalty, but rather constitutes liquidated damages based on a reasonable estimate of the costs the University will incur if my delinquent account is referred to a collection agency, and that the actual amount of the damages the University would suffer under such circumstances would be extremely difficult to ascertain. I also understand and agree that I will also be responsible for paying all other costs and expenses, including reasonable attorney’s fees, which the University incurs in connection with the collection of my account if the account becomes delinquent. Should any such Collection Agency Fees, any late payment charges, and/or other costs and expenses which the University adds to my student account pursuant to this Agreement be deemed excessive or unlawful under a final judicial interpretation of applicable law, then the same shall be deemed to have been assessed by mistake, shall automatically be canceled, and, if received by the University, shall be refunded to me by the University with interest. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus, which could negatively impact my personal credit scores.
Collection Agency Fees. I understand and accept that if I fail to pay my student account bill or any monies due and owing Marymount University by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, Marymount University may refer my delinquent account to a collection agency. I further understand that I am responsible for paying the collection agency fee which may be based on a percentage at a maximum of 33.3 percent of my delinquent account, together with all costs and expenses, including reasonable attorney’s fees, necessary for the collection of my delinquent account. Finally, I understand that my delinquent account may be reported to the credit bureau. COMMUNICATION
Collection Agency Fees. I understand and accept if I fail to pay my student account bill or any monies due and owing the University of Delaware by the scheduled due date and fail to make acceptable payment arrangements to bring my account current, the University of Delaware may refer my account to a collection agency. For purposes of this provision, the third party may be a debt collection company or an attorney. If a lawsuit is filed to recover an outstanding balance, I will be responsible for any costs associated with the lawsuit such as court costs or other applicable costs. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus.
AutoNDA by SimpleDocs
Collection Agency Fees. I understand and accept that if I fail to pay my student account xxxx or any monies due and owing WPI by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, WPI may refer my delinquent account to a collection agency. I further understand that if WPI refers my student account balance to a third party for collection, a collection fee will be assessed and will be due in full at the time of the referral to the third party. The collection fee will be calculated at the maximum amount permitted by applicable law, but not to exceed 40% of the amount outstanding. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus.
Collection Agency Fees. I understand and accept that if I fail to pay my student account xxxx or any monies due and owing NWTC by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, NWTC may refer my delinquent account to a collection agency. I further understand that I am responsible for paying the collection agency fee which may be based on a percentage at a maximum of up to 20% percent of my delinquent account, together with all costs and expenses, including reasonable attorney’s fees, necessary for the collection of my delinquent account.
Collection Agency Fees. I understand and accept if I fail to pay my student account bill or any monies due and owing Penn State by the scheduled due date and fail to make acceptable payment arrangements to bring my account current, Penn State may refer my delinquent account to a collection agency. I further understand if Penn State refers my student account balance to a third party for collection, whether an attorney or collection agency, I will be responsible for any costs (including but not limited to collection fees, attorney’s fees, and court costs, as more fully described below) associated with attempting to collect the monies due and owing. I understand a collection fee will be assessed and will be due and owing in full at the time of the referral to the third party. The collection fee will be calculated at the maximum amount permitted by applicable law but not to exceed 33.33 percent of the amount outstanding. For purposes of this provision, the third party may be a debt collection company or an attorney. If a lawsuit is filed to recover an outstanding balance, I shall also be responsible for any costs associated with the lawsuit such as court costs or other applicable costs. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus.
Time is Money Join Law Insider Premium to draft better contracts faster.