TERMS & CONDITIONS of DEBT COLLECTION

1. With collection services the Client will instruct Creditcom (hereinafter referred to as “'the Company”') to follow up or issue the demand or cause process to be issued, on its behalf, at the agreed scale commission rates, including legal charges and disbursements, except where specifically excluded.
   
   
2. All accounts that are referred to the Company for collection, that are subsequently withdrawn, settled directly with the Client or otherwise finalised, are subject to the Company’s costs, commission or other fees which are applicable at that time. Such settlements, including goods and/or merchandise returned to the Client for credit or contra, shall be subject to the aforesaid Company’s costs, commissions/fees.
   
   
3. Where an agreement is accepted by the Client to have any accounts settled by way of on-going instalments, each and every such on going instalment shall be subject to commissions as outlined in the Commission Schedule.
   
   
4. Subject to the Client providing the Company with written authorisation, the Company agrees to engage a Solicitor to take legal proceedings, in the name of the Client, through the appropriate courts.
   
   
5. The Client authorises the Company to receive all monies collected, on its behalf, and to hold the same in Trust for the Client, subject always to the right of the Company to deduct therefrom all monies that may be otherwise due by the Client, to the Company.
   
   
6. The Company reserves, the right at any time to increase its charges. Notice of any variation must be given in writing, no less than thirty (30) days prior to any change.
   
   
7. The Company reserves the right to deduct the commission payable to the Company, from funds collected, on behalf of the Client.
   
   
8. The Company acknowledges, and agrees that, in carrying out the services, the Company will do so strictly in accordance with the terms of the attached Proposal and Client’s instructions.
   
   
9. The Company is indemnified, by the Client, and shall remain so indemnified, from all damages, actions, claims of demands which may be sustained or suffered or directed against the Company by any person/s or organisation may sustain or purport to have sustained as a result of any actions taken by the Company, upon the Client’s instructions, and on the Client’s behalf.