Contingent “Bad Debt” Collection

We will pursue recovery of your ledger of debts on the basis of No collection, No cost.

Our remuneration is solely reliant upon our success in collecting monies from your debtors.

Where it is necessary to instigate legal proceedings for the recovery of such debts, all court filing fees, service fees and solicitors professional fees incurred on issue of the summons (Statement of Claim) and subsequent enforcement proceedings, are added to the debt and are legally recoverable as part of the amount claimed from your debtor. We totally fund these fees together with all other disbursements and only deduct them from the first payment(s) collected from each individual debtor.

Our commission is only charged on the pro-rata collection of the original debt and accrued interest portion of each account. Commission structures (from 40% down to as low as 5%) are negotiated, depending upon the aging, size and number of debts to be collected.

You are not asked to pay any costs associated with collection of your debts, including:

  •  Court filing fees where legal action is deemed necessary;
  •  Solicitors professional fees included in the issue of most legal process;
  •  Court recoverable costs incurred on the service of legal documents;
  •  All necessary business or company name searches;
  •  Membership or annual subscription fees, account loading fees or administration fees; and
  •  Fees for replying to correspondence or telephone calls;

Other than if the debt is formally disputed and therefore requires the intervention of solicitors to act on your behalf to oppose any defence, or the debt is withdrawn by you from further prosecution or collection.

In addition:

  •  No commission is payable on the collection of solicitors professional fees; and
  •  No commission is payable on the collection of recoverable court filing fees, service fees or other disbursements.

How We Operate

Unless otherwise arranged with you, on receipt of your account(s) for collection, we immediately issue a letter of demand to your debtor, for payment within seven (7) or fourteen (14) days (subject to the nature, age and size of the debt).

Where we think it beneficial to make direct contact with your debtor, in order to emphasise the urgency of the situation and entice payment, then we will do so by telephone or in person. We find this personal touch will often produce positive results, which would otherwise not be obtained in the early stages of collection.

Automatically, upon expiry of the letter of demand, where no payment has been received or negotiated with your debtor and after conducting any necessary business name or company searches, we arrange for solicitors to immediately prepare a summons on your behalf, which is usually filed into court and issued for prompt service upon your debtor that same day.

Wherever possible, we will add interest to the amount owed to you. This will either occur as a result of the terms of your contract with the debtor, or in the absence of such terms, the courts allow interest to accrue on any debt of $1,000.00 or more, from the date it fell due until the date it is eventually paid. Where we are able to add sufficient interest to your claim, this will often recover more for you than the amount of our commission. This means your debt will be collected for free.

Once your summons is issued by the court, we will quickly attend to service, noting at that time any assets, details of employment or other means of recovering your debt, and when possible, once again taking this opportunity to seek payment.

In the absence of any satisfactory response within the statutory 28 days after the service of the summons, we will immediately instruct the solicitors to file for judgement to be granted by the court in your favour, add any accrued interest and concurrently issue and pursue all possible and appropriate enforcement proceedings to maximise recovery of your debt, via the court system in the shortest possible time.

Contact us to get more information and discuss the tailoring of a product to best suit your specific needs.

Fast, Assertive Debt Collection

We collect 86% of debts referred under our Debt Collection Services proposal

Over 19,500 debts collected since 2007

Corporate Solutions Small Business Solutions

8 Reasons to use our Debt Collection Services

  • No Collection. No Commission.
  • No hidden fees, account loading or ongoing contracts
  • No legal fees charged
  • No debt too small or too large
  • Your own dedicated account manager
  • Same day instant action
  • 24hr online access to your account
  • Years experience in debt collection
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