Traditionally debt recovery agencies charge commission on monies collected in the region of 10%-25%. More recently some companies have utilised late payment legislation to collect late payment fees on behalf of the client or use the late payment fees to subsidise the collection cost. In addition to these charging structures some companies will also charge registration fees, annual or monthly retainers as well as charging per debt collection letter sent.
Our charging structure is much more simple and economical.
We will add late payment costs on to the debt which are chargeable to the debtor. As such we are offering free debt collection to our clients, the debtor will pay for the cost of the collection no matter what the size of the debt.
There may be occasions where for legal reasons we cannot charge the late payment fees to the debtor company. In these circumstances we will charge a 5% commission on any monies collected on a no win no fee basis. This is the only caveat in terms of the free debt collection service we offer. We are of the understanding that this is the most competitive charging structure in the UK commercial collections market.
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