Professional Online Debt Collection Agency in Cyprus

Why we apply a registration fee ? Our fees & costs policy explained!

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We are well aware that the debt collection industry promotes a “no collection, no fee” policy and although most of our fees earned, comprise of a percentage we receive upon collecting of your debt, our model of operation also requires the payment of a “registration and debt collection process fee” ( @ 357 EUR inc. VAT ) upon the submission of a claim. Our reasoning for this is that we prefer to give to each and every claim the necessary attention to maintain a high rate of successful collection and excel in service to our clients.
Inevitably this also results in receiving fewer claim requests, however it allows for a more personalized approach, a greater attention to each claim and therefore a higher rate of collection for our clients. This model provides greater satisfaction for us and our clients, while a more focused attention to each claim provides the ground for constantly improving our debt collection process. The registration and debt collection processing fee, also allows us to apply a uniform flat success fee at 14% on the collected amount exactly because of equal attention being applied to each claim.

Other fees and costs could possibly arise during the debt collection process and include instances where a particular action is necessary to facilitate the collection of a particular claim. Such actions may be, the appointment of a lawyer to take the case to court, performing of searches in registrars, land registries, producing credit reports, , retracing and others. Of course, if and when such additional actions become a consideration, these and the costs associated are communicated in advance to our clients for which their consent is required to move things ahead.