|effective debt collection|
Tel 01733 755001 Fax 01733 755003 email email@example.com
|What does it cost to get the money you are owed?|
We will agree this
commission rate with you, depending on the size, volume and age of your debt
portfolio. The better our prospects for collecting the debt, the more
competitive our pricing structure can be. And as in most businesses, volume
will always secure a better price.
The size of both the court fee and recoverable costs depend on the amount of the claim.
The court fee is payable to the court to
issue proceedings. This fee is recoverable from your debtor
2. Judgment costs.
If the debtor fails to deal with the court process, or if the court finds in your favour, then judgment can be applied for and a further fixed cost falls payable.
This cost is added to the debt and is recoverable in full from the debtor as shown in this table.
These include enforcement charges, defended actions, insolvency & other service charges.
In most cases taken to court a judgment will follow that enables the judgment debt to be enforced. Various enforcement measures can be taken subject to payment of appropriate court fees but in addition we do make a nominal charge for undertaking these measures for you as set out below.
When actions become defended we will (in appropriate cases) progress them on your behalf. Some steps we might have to take will attract a fixed charge
From time to time, tracing, means reports and process serving will be essential to your collection effort. We have used our purchasing power to secure the best possible service levels at the right price. We pass these savings on to you.
Each instruction also attracts a £20 administrative charge, payable to Effective
Charges incurred on issue of insolvency proceedings are recoverable in full on collection
(c) 2004 Effective Credit Collections Ltd.