We can usually recover the collection cost from the debtor!
If it is stated in your Terms & Conditions that "recovery costs will be applied for unpaid invoices", we will include these charges when recovering your debt.
If it is not specifically stated in your Terms & Conditions you may still be able to recover some costs and interest under The Late Payment of Commercial Debts (Interest) Act 1998.
What if the debtor won’t pay the fees?
If your debtor refuses to pay you could instruct legal action to recover the fees. You will have to decide whether the cost of taking such action outweighs the cost of the fees.
Our fees for successful recovery of all or part of your debt are your responsibility, however as long as your T&C’s provide for it, you are legally entitled to recover your costs of collection.
Are there any upfront fees?
No, our fees are only applicable on successful recovery of your debt and per above, we are often able to recover our fees from the debtor directly - so the cost to you is zero.