If you know anything about our company, then you know that we have preached for the last 27 years about always getting a contract signed. This applies to fee agreements, credit checks, and any other contract you can think of. You also want to make sure that when you create these contracts to bury safeguards in them to protect you. We previously held a webinar on how to turn a credit application into a contract, and we mentioned some of the things you should always put in them: attorney fees, collection fees, secured creditor, jurisdictional clause, and a process for any late fees or interest. That being said, it is important to put safeguards into your contract as long as you know exactly what you are saying.