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Primary placements are defined as accounts that have never been placed with a collection agency by Client or any prior holder of the account being placed, and located within the United States. Contingent fee percentages are based on the age of the account as of the date of placement. For purpose of determining the age of delinquency, the last date of sale or service is used.
Secondary placements are defined as accounts that have been placed with one collection agency by Client or any prior holder of the account being placed prior to placement with Accounts Asset.