Edit: Also, is there a standar contract template for a vendor/contractor that lays down these conditions in legit manner. For instance, how much interest you can legitimately charge for each day delayed ETC. Just curious.
Edit: Also, is there a standar contract template for a vendor/contractor that lays down these conditions in legit manner. For instance, how much interest you can legitimately charge for each day delayed ETC. Just curious.
Usually there would be a small set-up fee ($50-100) and commission fee for successfully collected moneyes (8-25%, depends on the debtor's country).
Today everything is done on-line, so you don't have to actually be there.
No standard template, sorry ;) Everything depends on the country/state. Btw that's what lawyers are for :) Over here it's 14% a year by the law itself, you don't have to mention it in your contract/agreement, but also you can agree on more/less. However it cannot be 1000%, because it's against the Civil Code. In some countries you can also collect the "collection costs". In some other you cannot. No simple answer.