FEE

Court Assessed Fee

This transaction allows users to record a fee charge to the debtor account. This fee charge can be a result of stipulations in the contract between the debtor and the creditor or as awarded in a judgment decision.

 To enter an FEE transaction:

Select FEE from the Enter Transaction Code selection and click :

to display the Fees Charge - FEE screen:

Enter the date of your FEE transaction in the field.

Enter the amount of the FEE 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 FEE calculator window:

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

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

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

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Select the button to save your FEE transaction.