Collection Fees
For the Collections, LRC operate on a no win no fee basis, so if we fail to recover any of your debt, you pay us nothing. If following our actions, payments relating to the debt are received either by ourselves or paid to you directly by the debtor, the recovery charges shown below will apply:
Debt Value |
Commission |
|---|---|
£0 to £200 |
17% |
£201 to £1,000 |
12% |
£1,001 to £2,000 |
10% |
£2,001 to £6,000 |
7% |
£6,001 to £10,000 |
6% |
£10,001 to £100,000 |
5% |
The charges shown are for UK debts no older than 120 days. Please contact us if your debts are older than 120 days or are foreign based.
There is a minimum £2.50 commission charge per payment received and all charges are + VAT at 17.5%
We can pay you the full amount of recovery on a weekly or monthly basis and we invoice you for our fees separately.
Progress can be viewed at any time via our Online Debt Recovery System, use of which is free of charge.
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