Debt Purchase are pleased to be able to provide a credit control function in relation to your full sales ledger, backed up by a specialised debt collection service on a pre-legal 'No Success, No Fee' basis, including monthly reporting, credit searches and debt tracing services if appropriate.
For further information on this service, please contact our team.
*Free Debt Recovery if the debtor pays our Collection Fees.
The Fee Structure below operates on a pre-legal 'No Success, No Fee' basis.
|Phase 1 Commission up to £3,000||10.00%||15.00%||20.00%|
|Phase 1 Commission over £3,000||5.00%||7.50%||10.00%|
|Phase 2 Commission up to £3,000||20.00%||30.00%||40.00%|
|Phase 2 Commission over £3,000||10.00%||15.00%||20.00%|
|Phase 3 Commission up to £3,000||20.00%||30.00%||40.00%|
|Phase 3 Commission over £3,000||10.00%||15.00%||20.00%|
Phase 4 (Legal) = Court and Solicitors′ Fixed Costs Only (if debt is undisputed and undefended)
Free Litigation Support is provided by DP during the course of any legal action taken.
|Phase 4 Commission (Legal)||30.00%||35.00%||40.00%|
The above commission rates relate to commercial pre-legal debts of less than six months old.
For post-legal and older debts, commission rates are available on request.
Commission rates on Insolvency Book Debts vary from case to case. Commission rates are available on request.
Fees for Status and Risk searches and all other services we provide are available on request.
The different ′Phases′ shown above relate to contact with the debtor by post, email & fax throughout the stages of the collection process.
*Late Payment Interest and Compensation on Commercial Debts is legally enforceable, our Collection Fees are not.
*If the debtor does not pay our collection fees, you the creditor are liable for our Collection Fees in the event of any recovery being made.