No Cure No Pay direct debit
Debt collection based on No Cure, No Pay prevents any costs if it fails. We always charge the costs to the customer, together with the statutory interest owed. And isn’t it going as planned? Don’t worry, we don’t collect anything, you don’t pay anything.
So does your customer choose to pay the total amount? Then you will receive more than the amount of the invoice alone. We deduct the collection costs from the amount paid, but we then transfer both the principal and the statutory interest to you in full.
No Cure No Pay, the benefits:
- 100% No Cure No Pay
- No subscription or file costs
- Fast results thanks to 17 years of experience
- Follow the progress 24/7 in your online file
- Submit your direct debit within 5 minutes
No result? Then no costs
No Cure, No Pay direct debit has three possible outcomes: fully collected, partly collected and not collected. View the calculation examples of the three situations:
We collect fully, you receive 100% of your invoice amount! Your debtor pays our costs. We do not charge success fees or other hidden costs.
We will then settle the following with you;
Collected in Full |
|
Principal Intrest Collection Costs |
€ 300,00 € 4,25 € 45,00 |
Your customer has to pay | € 349,25 |
Paid by your customer Our income |
€ 349,25 € 45,00 |
Total to be received | € 304,25 |
Payment of your funds
The amount will be transferred to you within 1 week.
VAT on collection costs *
This overview does not take into account the VAT on the collection costs. Our income is excl. VAT. The VAT on the collection costs is charged to you as the client according to the legislation. Of course you can reclaim the VAT charged from the tax authorities, so this is not a cost item. Are you not liable for VAT? Then we will charge the VAT to your debtor.*
In exceptional cases (less than 5% of all direct debits) it is possible that we partially collect (from you or from us), for example because of a dispute or for financial reasons, we only charge a commission on the part received (the cure) .
Below you will find the cure scale *:
• First € 2.500,00 > 15% ( with a min. € 40,00)
• After the first € 2.500,00 > 10%
• After the next € 5.000,00 > 5%
• After the next € 190.000,00 > 1%
• Everything above € 200.000,00 > 0,5% (max. € 6.775,00)
We will then settle the following with you;
Partially Cashed |
|
Principal Intrest Collection Costs |
€ 300,00 € 4,25 € 45,00 |
Your customer has to pay | € 349,25 |
Paid by your customer Our income |
€ 250,00 € 45,00 |
Total to be received | € 205,00 |
Payment of your funds
The amount will be transferred to you within 1 week.
VAT on collection costs *
This overview does not take into account the VAT on the collection costs. Our income is excl. VAT. The VAT on the collection costs is charged to you as the client according to the legislation. Of course you can reclaim the VAT charged from the tax authorities, so this is not a cost item. Are you not liable for VAT? Then we will charge the VAT to your debtor.*
We don’t collect anything, you don’t pay anything. Even if it turns out during the collection procedure that your debtor has been declared bankrupt, for example.
We close the file free of charge, you will not receive a statement from us.
Cashed nothing |
|
Principal Intrest Collection Costs |
€ 300,00 € 4,25 € 45,00 |
Your customer has to pay | € 349,25 |
Paid by your customer Our income |
€ 0,00 € 0,00 |
Total to be received | € 0,00 |
No subscription or file costs
Please note: we do not charge subscription or file costs. You do not pay success fees or other hidden costs. You can use our online portal for free and whether you submit one or a hundred one invoices, we always do this on the basis of No Cure, No Pay.
No Cure, No Pay debt collection agency
We are your No Cure, No Pay collection agency, with which you can be sure that you do not have to incur any costs. It is the cheapest way to collect your invoice, simply from our web portal. You can register online, upload your invoice and get started right away.
Costs of additional debt collection services
Would you also like to make use of our additional services, such as a final notice, a credit check, legal proceedings or filing for bankruptcy? There are always costs involved. A final reminder is already available for €5, excluding VAT. And do you often send final reminders? Then that is already possible from € 2.50, excluding VAT.
For all types of claims
No Cure No Pay collection can be used for various types of receivables, such as unpaid invoices, rent arrears or outstanding loans. Our team of No Cure No Pay experts has extensive experience in handling various types of files and knows exactly how to achieve the best result.
Are you interested in getting more information about “collection No Cure No Pay“? Maybe you are a self-employed person and would like more information about “No Cure No Pay direct debit ZZP“. Or you are a private individual who has questions about “private collection No Cure No Pay“.
No matter your situation, we’re here to help and curious about how we can help you. Then contact us and receive tailor-made advice. Our experts are ready to answer all your questions and help you collect outstanding invoices.