Common use of Collection Agency Fees Clause in Contracts

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, artificial or pre-recorded voice or text message, or personal calls. I also authorize UVU or its agents to contact me not only at my myUVU email address but also at any other email address that I provide to the University.

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, original principal* balance 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. *The principal amount is calculated based on my class load each semester. 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, artificial or pre-recorded voice or text message, or personal calls. I also authorize UVU or its agents to contact me not only at my myUVU email address but also at any other email address that I provide to the University.