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How much will it cost to Collect my debt?
We offer three main debt collection services depending on how large your debt is, any collection fee charged is levied on the invoice total only, meaning any statutory compensation (what is this and how much?) or statutory interest (what is this and how much?) is kept in full by you. This is designed to compensate you for your debt collection costs.
Debts between £1 - £550 - Debt Collection Letter Service cost = £25.00 NO COMMISSION AT ALL
We offer a very cost effective service for small debts with our “Debt Collection Letter” service. We charge an up front fee of £25.00p with NO collection commission at all. Click here to read about this service or to order today.
Debts between £551 - £2500 - Tier1 Debt Collection Service cost = £29.95 + 10% collection fee no win no fee
If your debts fall into this band then you qualify for our Tier1 Debt Collection service. We charge you an up front debt registration charge of £29.95 and a collection commission of just 10% . We only charge a collection commission on what is actually collected levied on the invoice total only. If we fail to collect the debt you will not be charged a commission. Click Here to read more about this service or to order today.
Debts of £2501 + - Tier2 Debt Collection Service cost = £100 plus between 4% - 10% collection fee no win no fee
If you have a debt for collection of £2501 or greater then you qualify for our Tier2 Debt Collection service. We charge an up front debt registration charge of £100 and a collection commission ranging from 4 % to 10% depending on the size of your debt. The collection commission is charged on an a no collection no fee basis. Click Here to read more about this service or to order today.
Bailiff enforcement
For Judgements of £600 or more the costs are as follows: More information on our Bailiff service >>>
|
Amount recovered |
% Recovery Fee |
£ Fee Charged |
|
First £5000 |
10 % |
£500 |
|
Next £5000 |
8% |
£400 |
|
Next £10,000 |
6% |
£600 |
|
Any amount above |
4% |
£variable |
|
Item |
£ Fee Charged |
|
Solicitors charge for transferring up / issuing the writ |
£50 |
|
Warrant of execution (recoverable) |
£60 |
|
Bailiff costs |
Paid by debtor or written off |
|
Abortive fee (charged in around 10% of cases) |
£60 +VAT |
We charge a collection commission on any monies recovered via our bailiff service, The fee structure is as follows.