eCollect.com.au will assess each new assignment individually using the following general guidlelines:
we do not have upfront fees. We charge commission on recoveries only;
we must be provided with current contact details for the debtor. If you do not have current contact details for the debtor, our location searcher can search for you (location searching)
providing us with multiple debts will lower the commission rate;
larger debts will lower the commission rate;
older debts will raise the commission rate;
certain industries have particular difficulties associated with collection e.g. the building and clothing industries have higher level of debtors becoming insolvent.
We are competitive. If you provide us with a written offer to collect your debts from another licenced collection company, we will undertake the assignment for 10% less than that offer.
7 debts of $500 to $7,000 – owing to legal practice – 4 months to 12 months old 25% for debts under $1,000
15% for debts $1,000 to 5,000 10% for debts over $5,000
multiple debts (exceeding 30) of $2,000 to $40,000 – owing to real estate agency -
2 months to 2 years old 12% for any amount
multiple debts (approx 10 per month) of $50 to $1,000 – owing to medical practice – 2 months old
50% for debts under $100 33% for debts over $100
single debt in excess of $20,000 – owing to professional consultant – possible issue with solvency of debtor
18% of amount recovered
