The Good, The Bad and the Truth.............

A few Facts on "No Collection, No Fee" Debt Collection

Did you know that whilst most debt collection companies appear to offer you something for nothing, in reality it simply isn't true. We all know that you get “nothing” for “nothing” in this life and if something seems too good to be true, then it probably is!

Typically, a “No Collection, No Fee” debt collection service actually means you will end up paying an exorbitant success fee to the debt recovery company if they recover your monies. This could end up being in excess of 40% of the value of monies recovered ! This is irrespective of the amount of work they have actually done. If for example, they made 1 telephone call to recover £1,000 for you, it will end up costing you £400 for the pleasure

In the debt collection industry “The good pay for the bad” In essence, this means that commission rates have to be very high in order to provide sufficient revenue to the debt collection company to cover all of the cases where they have not managed to recover any monies for their customer.

I believe that this way of charging does not represent good value to the customer. Why should you have to pay exorbitant commission to a debt collection company to cover all of the non-collectable cases on the debt collection companies’ books?

I am pleased to inform you that we are completely revolutionising the debt collection industry, by making a very simple change to the way in which we charge you to collect your debts. We simply make a nominal charge for the work that we do for you.

For more information on our debt collection services, please visit our website: Credit Control Solutions

Jamie O "Making Your Cash Flow"