Terms and conditions
§ 1 Scope
These terms and conditions apply to all receivables instructed for collection on this website. By instructing us to collect a debt, you agree to these terms and conditions.
§ 2 Subject of the contract
The subject of the contract is the collection of outstanding and already due receivables. The offer is aimed exclusively at companies.
§ 3 Conclusion of contract
By submitting a claim for collection, you are making an offer to enter into a contract. Subsequently, we will verify the information. The contract is only concluded upon acceptance on our part.
§ 4 Procedure
The creditor of overdue receivables uploads the required documents relating to the receivable and his contact details on the portal. A lawyer will then review the claim and, if all the necessary documents are available and there are no reasonable doubts about the legitimacy of the claim, will begin extrajudicial collection. If necessary, legal action will be taken after consultation with the creditor.
§ 5 Conditions
Unless otherwise stated, the fee for the creditor will not exceed $ 70.00 for the expenses associated with the collection. The debtor will be charged collection fees in addition to the actual debt, in the amount permitted by law. In the event of collectability, any payments made in advance by the creditor will be fully refunded, so that the creditor will not incur any costs in this case. In the event of partial payment by the debtor, the collection costs are first deducted from the amount paid.
§ 6 Payout
The debtor can settle the claim via various payment methods. Payout will be initiated without unnecessary delay as soon as the debtor's payment is final and can no longer be revoked by the debtor. For payment by bank transfer, the debtor can use an escrow account set up by us.
§ 7 Obligations of the creditor
The main obligations of the creditor are:
- - To pay any agreed advances on debt collection.
- - To provide all information truthfully and to inform us of any changes concerning the claim.
- - To notify us of any payments made by the debtor.
§ 8 Untruthful statements
In the event that the creditor intentionally and against his better knowledge submits claims although they do not exist or no longer exist, we shall in any case be entitled to charge those fees which we would have charged the debtor in the event of successful collection.
Further claims for damages remain unaffected.
§ 9 Applicable law, place of jurisdiction
(1) The law of the United Kingdom (UK) shall apply to the exclusion of the UN Convention on Contracts for the International Sale of Goods.
(2) London is the exclusive place of jurisdiction for all disputes arising from and in connection with the contractual relationship. The provider is furthermore entitled to sue the customer at his general place of jurisdiction.
§ 10 Other
Should any provision of the contract be or become invalid or should the contract contain a gap that needs to be filled, this shall not affect the validity of the remaining provisions. The parties undertake to replace the invalid provision with a valid provision that comes closest to the economic purpose of the invalid provision. The same shall apply in the event of a gap in the contract.