Compensation for Service. a) Borrowers agree to pay Company compensation for any new loan, line of credit and credit card modification to an existing loan proceeds made between Borrower and any recommended lending partner, regardless of prior relationships or accounts with the lender. b) The Borrower acknowledges that the Consulting Fee for the Company's services is offered on a contingency basis, with no fee due unless the Borrower receives funding. c) The Borrower agrees to pay the Company a consulting fee equal to 15% of the total funded loan amount within 24 hours of receipt of funding. d) In the event payment under this agreement is not made at the time and in the manner required, the undersigned agrees to pay interest, all costs of collection, including attorney fees, court costs, including charges and collection agency fees. e) Interest at the rate of 1 1/2% per month (18% per annum) will be charged on all past due balances. In the event the account is delinquent and satisfactory arrangements have not been made for payment, all legal fees, attorney fees, court costs, including charges and collection agency fee of up to 35 % of the balance assigned, with or without suit. f) If payment is not received within the proper time frame, client understands that loans/ credit lines will be shut down and sent to collections, with entire balance being due along with appropriate collection fees. Client understands such activity will be reported to all credit bureaus. g) Client also agrees to a consent to judgement for any or all consulting fee that is not paid (15% of total funded loans). Borrower’s Signature
Appears in 15 contracts
Samples: Contract for Financial Funding Services, Financial Funding Services Agreement, Financial Funding Services Agreement
