I. Collector's Personal Data
- 2 valid Identification Cards ( Company ID and Government-issued ID)
- Authority To Perform Specific Acts as Collectors
- Approved Assignment of Accounts of the Collection Agency
II. Collection Agency
- Collection Arrangement between bank and Collection Agency.
- Notarized Secretary's Certificate or Board Resolution of the bank :
a. authorizing appointment of specific Collection Agency
b. authorized signatory for the bank
- Copy of Bank Endorsement as required by BSP Cir. 702
- Collection Agency's Authorized Delegated Compromise Terms,Conditions and Limitations
- Collection Agency's authorized signatory and specimen signatures
III. Statement of Account
- Latest and dated Statement of Account
- how much is owed ( principal, interest, other charges, expenses etc.)
- Indicated applicable rates
- Indicated covering periods
- signed by authorized signatory of the bank
IV. FORMAL OFFER
- in writing
- duly signed by Collector