- September 9, 2019
- Posted by: Taurus Collections
- Category: Blog
Our clients know that debt collection agency charges are a big factor in deciding how to collect their debts, and that is why we always compare our debt collection agency charges with competitors.
Time and time again we have found our service to be effective and good-value for our clients. We have a high success rate of collections when it comes to improving cashflow and reducing exposure to aged debt for our clients.
Our priority is for debt collection agency charges to be appropriate to the vaue of the debt, and that is why we use a sliding scale when it comes to commission charges. We only charge on success, so you can be safe in the knowledge that your best interests are at heart, and our rates will never be excessive.
Debt Collection Agency Charges
See table below for the range of charges.
For invoices 0-6 months old:
|£ invoice||Commission Fee|
|1 -500||min £50|
|501 – 5000||12%|
|5,001 – 12,500||10%|
For invoices 6-12 months old Add 5% to each value
For invoices 12+ months old Add 10% to each value
We find that age is important when assessing the collectability of a debt, and debts become more difficult to collect the older they get.
Debt collection agency charges can vary from one company to another, but we have a general guide on application of our service, and often each case is judged on its own merit so it always worth contacting us to discuss your specific cases so we can tailor a solution to your needs.
Simplified debt collection rates, starting @ 8% commission
If you are looking for competitive debt collection charges, then look no further than us as we leave no stone unturned to help your company collect what is rightfully owed.
Please don’t hesitate to email us email@example.com or give us a call on 01332 565 350 for a no obligation assessment of how we can help you improve your cashflow and keep your collection costs low!
Check out how we work with UKTC Trades Confederation to help collect commercial SME debts