CFEE
Collection Fee Charge

 

Collection fees not based on a contingency percentage may be entered using the CFEE transaction. The debtor will not be charge for this transaction and the debtor balance due will remain the same.

 To enter a CFEE transaction:

Select CFEE from the Enter Transaction Code selection and click the button:

to display the Collection Fee - CFEE screen:

Enter the date of your CFEE transaction in the field.

Enter the amount of the CFEE transaction in the field.

If you are to charge a percentage of the amount owed as a collection fee, click the button. This will open the CFEE calculator window:

Check the portions of the debt that you would like included in the CFEE calculation. Then enter the percentage to charge in the percentage field and click the button to calculate your CFEE transaction amount.

If using the Compute Fee option, CollectMax will maintain the settings used to compute the fee for any subsequent CFEE transactions. CollectMax will continue to maintain these settings until different settings are used in the Compute Fee option.

Enter any notes regarding this CFEE transaction in the Note field:

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Select the button to save your CFEE transaction.