We at ARMSCO agree to comply with all state and federal collection regulations, and with your company's policies as directed by you.  You, the Client warrant that all claims you place with us for collection are valid debts that, unless otherwise specified, are undisputed and have not previously been placed for collection or litigation with any third-party agency, attorney, arbitrator, mediator or negotiator.

You agree to promptly provide, upon our request, all available account information and documentation necessary to legally validate debts and effect collection.  You also agree to be promptly available when your advice or consent is requested by us with regard to ongoing collection and legal matters.  In the event that you fail to respond to any such request in a reasonable period of time, you authorize us to close affected account and charge one-half our applicable contingent fee calculated on the full balance.

You agree to immediately direct all debtor communications and report all payments you receive to us.  You also agree to pay our commissions on all payments received on or after the day you place an account and until the entire amount placed and associated charges are paid by the debtor.  Any account you withdraw after collection efforts have begun is subject to one-half our applicable contingent fee calculated on the full balance or, at our discretion, reasonable charges for services rendered.  Any account you settle directly with a debtor is subject to our applicable contingent fee calculated on the full account balance.  When merchandise is recovered in lieu of payment, we will charge one-half our applicable contingent fee calculated on the full account balance.  Otherwise, merchandise recovery is subject to one-half our applicable contingent fee calculated on the merchandise's invoiced value.

You authorize us to endorse and deposit all payments received at ARMSCO, and to deduct all earned commissions and associated charges from our monthly remittances to you.  This shall include commissions for payments you receive directly from debtors, bank charges for wire transfers and any charges incurred accepting payments on your behalf.  You further authorize us to retain as compensation all lawful amounts collected over and above the principal amount of each claim.

You authorize us to forward accounts on your behalf to other reputable agents or attorneys, as we deem necessary to effect collection.  For your protection and ours, you authorize us to immediately accelerate accounts to Your Collection Attorney whenever the debtor is a lawyer.  You further authorize acceleration of unpaid or partially paid accounts from Premium Collection to Your Collection Attorney when we deem pre-legal efforts exhausted. 

Outside agents and attorneys represent your interests, not ours.  Therefore, you will not hold us responsible for any loss caused by errors or omissions of such agents or attorneys.  We will not allow attorneys to initiate litigation or charge suit fees, court costs or any other non-contingent charges without your prior authorization.

You agree to indemnify and defend us from any loss or expense arising from erroneous information you supply or out of any preference claim made under applicable bankruptcy and insolvency laws with regard to amounts we collect for you.

ARMSCO reserves the right to modify or terminate service, rate & fee offerings at any time and without notice.  By placing accounts with ARMSCO for collection, you agree to prevailing Premium Collection Fees and other service rates set forth on this website (www.armscoinc.com), and to check back from time to time for changes that might affect you.