Charges

 

The one-off situation

 

For a one-off outstanding Debt or for a batch of Debts owing by UK enterprises we charge 10% commission + VAT.

If a debt is under £200.00 in value we charge £20.00 +VAT as a minimum charge. Often more work goes into collecting a small sum than a large one.

Be Assured – if we should fail to collect YOU PAY US NOTHING.

 

 

Portfolio Collections

 

If you wish to outsource a delinquent debtor portfolio each month, contact us to discuss your business and ask for a quotation. We generally look at monthly volume collections based on levels of 50, 100, 200 debtors.

Rates for European and International Debt Collection will vary according to age of debt – 15% unless the debt is more than one year old.

 

 

Enforcement and Legal

 

Your Judgments collected – subject to an administration fee, £40.00 + VAT (non-refundable, but offset against fees for successful recovery). Commission Rate subject to quotation.

County Court Proceedings – Success related charges.

Please contact us for further information on these services.

 

 

Research Assistance

 

Research information is covered by The Data Protection Act 1984. The results of searches may not be directly accessible to our clients but verbally transmitted.

Competitive prices in line with our policy to provide a comprehensive service to our clients.

We can research the following;

  • Database Addresses

  • Location (Positive/negative)

  • Land Registry

 

Important note:

 

Research instructions are pre-payable - please allow up to 21 days to for us to establish a result - fee not refundable where result does not establish new data. Credit Debt & Legal Ltd accept no responsibility or liability where information is given that may be discovered to be inaccurate or no longer applicable at the time. All information relayed to clients is given in good faith and the Company assumes that the client has full permission of the named party where the enquiry is in relation to a private individual, and indemnifies the company to this effect.

VAT is applicable at the current rate on all United Kingdom and E.E.C. debt recoveries and services.

 

“Anyone who is asked for an up front fee should think twice about whether this is the most appropriate service for them”.

Kurt Obermaier
Executive Director,

The Credit Services Association.
Credit Today Magazine,

December 2000

 

 

 

Telephone: +44 (0) 20 7405 4120 - E-mail: info@creditdebtlegal.co.uk - Web design: EasyTigernet