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debt recovery charges

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13 years 4 months ago #469 by ROSLYN KEMP
debt recovery charges was created by ROSLYN KEMP
When I send out the letter Doc F1, which is a template on this site, when it says "our company charges debt recovery costs of £-, do I put in the amount that our agent charges us or is it £40.00 as in the compensation for debt recovery?

Many thanks,
Roslyn

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13 years 4 months ago #470 by David J
Replied by David J on topic Re:debt recovery charges
Hello Roslyn

You put the compensation for debt recovery costs which depends on the invoice amount inclusive of VAT.

£40.00 up to £999.99
£70.00 for £1000.00 to £9,999.99
£100.00 for £10,000.00 and over

Compensation is meant to cover the costs of collecting payment from the debtor.



Kind regards

David

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