Sample Letter of Collection Authorization
Introduction
This letter serves as a formal request to authorize [company/legal name] the right to collect any outstanding debts on my behalf. This authorization is given in accordance with the agreement made between me and the debtor.
Purpose of Collection Authorization
The purpose of this collection authorization is to provide [company/legal name] with the necessary permissions to collect any past due debts on my behalf. This includes but is not limited to, contacting the debtor via telephone, mail, email, or in-person communication to retrieve any and all unpaid balances owed to me.
Terms and Conditions
I, [your name], authorize [company/legal name] to collect any and all outstanding debts owed to me at this time. I also agree to cooperate fully with them in their collection efforts including providing all necessary documentation to facilitate the debt collection process. In return, [company/legal name] agrees to pay me [agreed upon percentage] of any debts they are successful in collecting on my behalf.
Further, I agree to indemnify and hold harmless [company/legal name], its officers, agents, and employees from any and all claims, damages, losses, costs, or expenses, including attorney's fees, which might arise from the collection of any outstanding debts on my behalf.
Conclusion
In conclusion, I hereby grant [company/legal name] the necessary authority to collect any past due debts owed to me and agree to the above terms and conditions. I understand that this authorization shall remain in full force and effect unless and until I revoke it in writing.
Sincerely,
[Your Printed Name and Signature]
