Here we act as the client’s agent in dealing with the debtor. The client retains ownership of the debt and pays a commission for the successful collection of a debt. Commission rates are on a sliding scale from 10-20% depending on the age, size and type of debt being recovered. We assess your debt and propose applicable rates.
Commission-based fees are performance related and are only charged on the successful collection of the debt. Recovered funds are held on our clients' behalf in a trust account and disbursed to the client based upon the terms of collection.
Commission costs cover our time and costs associated with the management and collection of your accounts (including all communication and mailing costs) except when the client instructs us to undertake a field visit or follow the legal process. These will be charged separately as per our price list.
Client benefits include enhanced debt recovery rates, freeing up internal resources, improved cash flow and profitability.
To use our commission-based debt recovery service we can set you up on our online client access facility, so you can load your debts online. or you can print and complete our Debt Recovery Authority Form with our standard Terms of Collection attached and fax or email it back to us.
For Further information about the benefits of on-line access click here.
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