Our Fees

Our Fees

The commission we charge on debts collected is as per the below Commission Rate Table.
The percentage charged is set on the debt amount you hand to us to collect.
A Disputed Debt is one where the debtor denies owing you the money in part or full.

$100 - $1,000

Undisputed Debt

20%

Disputed Debt

25%

$1,000.01 - $5,000

Undisputed Debt

15%

Disputed Debt

20%

$5,000.01 - $20,000

Undisputed Debt

10%

Disputed Debt

15%

Over $20,000

Undisputed Debt

5%

Disputed Debt

10%

Example 1

We collect a $2,500 debt for you. You are charged 15% commission.

Example 2

If you hand us a $1,500 debt and for some reason we can only recover $900, you are charged 15% commission on the $900 amount paid (not 20%).

Example 3

You accept a payment arrangement from a debtor to pay $1,000 per week on a $10,000 debt. The rate of commission charged on each payment is 10%.

Example 4

After some backward and forward because of a dispute regarding the service you provided to your customer, a commercial approach was required and you agreed to accept the sum of $15,000 in full and final settlement on a $25,000 debt. The commission rate charged to you would be 10% (disputed debt rate).

Credit Management Fees

Credit Checks

$70

Preparation of a Credit Application

$400

Preparation of a Credit Application
and Personal Guarantee

$500

Miscellaneous Fees

Skip Tracing/Location Agent

-Successful location of debtor

$180

-Non-locate

$140

File Extension Fee
(extra debt recovery attempts)

$100

Court Fees

Victorian Magistrates’ Court

Vic Collect’s commission fee is not carried over into Court proceedings, UNLESS you have a costs clause allowing your commission to be added into the Claim amount. This means that you only pay the Court costs going forward and will not be charged any commission if a recovery is made. If you do have a costs clause, then your debt and the commission fee form the claim amount to be filed in Court.

 

All other Courts – Price on Request

VCAT Fees

Fees for an Application to the Victorian Civil and Administrative Tribunal.

Debt Amount

$100 to $3,000

VCAT Filing Fee

$100.20

Vic Collect Fee

$300

Total

$400.20

Debt Amount

$3,001 - $15,000

VCAT Filing Fee

$333.90

Vic Collect Fee

$500

Total

$833.90

Debt Amount

$15,001 - $100,000

VCAT Filing Fee

$747.30

Vic Collect Fee

$700

Total

$1447.30

Recovery of Debt Collection Fees

Can you recover the fees we charge you
from your debtor?

Normally, no. You have engaged a third party to perform services for you. Your debtor is not a party to that engagement. HOWEVER, if you have a signed quote, agreement or credit application form which has been signed by your debtor and that quote, agreement or credit application contains the applicable debt collection costs clause, then YES, you may demand payment of your debt collection fees from a debtor.

How can you implement this?

Send us an email with your request and we will contact you to discuss how we can implement a “cost clause” for your business.

The commission we charge on debts collected is as per the below Commission Rate Table. The percentage charged is set on the debt amount you hand to us to collect.

Our Address

39 The Esplanade, Seymour VIC 3660