A.V KNOWLES & CO. LIMITED

Debt Collection Agency

Overview.

"One Stop Shop".

Conditions of Service.

We have the cure! Debt Collections are pursued on a contingency basis i.e.. "no collection, no charge", up to Default Judgment stage. What this means, is that we arrange to file Writs and or enforce existing judgments against bad debtors (through our Attorneys) at no fixed cost to you. All you pay is the agreed commission on what is recovered.

In the case of collection accounts where we start legal action, our services are free up to registration of a Default Judgment. If the debtor files a defense and the case has to go to trial, we will discuss with you the implications of proceeding to trial. Our commission is based on what is collected, paid to you, or A.V. Knowles & Company Limited, after the accounts are placed with us.

When you subscribe to our membership, you may place any number of debt accounts for collection, free of charge, during your period of membership. We have four (4) in-house Attorneys who undertake all legal transactions, and approximately thirty (30) Field Collectors, who visit defaulters to obtain settlement.

Affiliated to us is a specialist team of Private Investigators whose expertise is utilized in warranted circumstances. We execute the whole debt collection process.

We offer a "one-stop shop":

• Demand Letters
• Field collections
• Legal action through attorneys
• Service of writs
• Private Investigations
• Enforcement of judgment by Levy Actions

Dissemination of delinquencies through the Credit Report System.

Conditions of Service:

Our base commission rate to the client is subject to adjustment based on four criteria:

1. The age of the debt.
2. The debtor's known history.
3. The debt balance.
4. The total volume of business referred by the client.

Amounts to be collected below $500. in value are listed in our Credit Bureau Database, after sending a formal demand letter to the debtor's last known address. Such delinquencies are then circulated and reported through the Credit Bureau inquiry system. Any payments resulting from this action is subject to commission at a special low rate.

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