This is determined on a case by case basis as some debtors might pay up the full amount after one warning letter while at the other extreme, a debtor might fight the claim the whole way through the courts system and, assuming you obtain an Order for Judgment, still not pay whereby you may have to enforce the Judgment against them in order to realise the debt.
However, a general rule of thumb for costs of recovery of debt would be on a Collection Commission basis of between 10% - 20% plus vat @21%, on recovered monies together with the necessary outlay incurred by us to take the claim through the different stages of the Court, if neccesary. However, as outlined above, this figure can vary depending on a number of factors (i.e. the complexity of the case, the amount of the debt involved, the claim may be disputed in part or in full, etc.) There may be a retainer fee requested from the client before any action is taken, depending on the circumstances of the case.
There will be certain amount of costs in which you are entitled to recover from the Defendant in a successful action and are governed by a Scale Fee which is determined by the Courts Services. However, the Scale Costs do not fully reflect the time and effort which can be involved in recovery of a debt, and invariably, these recoverable costs will not cover the full legal costs involved.
We will advise you of the costs of the Debt collection process from the outset, based on the information to hand. However, if matters become more complex and complicated we will discuss the situation with you before any further action is taken which would involve you incurring further costs.