What are your commission rates?
Dependant on the debt value, age and type of debt, our commission rates normally vary from They vary from 6% – 20% however for small value debts it will be up to 30% as it has to be cost effective for us for obvious reasons.
We have to manage the potential costs incurred to ourselves in the collection of a debt which can literally run into thousands of pounds and often does.
For secondary debt where it has been subject to previous Third Party Debt Collection actions, the above rates will be increased to mirror the risk to ourselves in terms of costs.
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