Debt Recovery Fee – 15% of Amount Recovered from Debtor
Judgment Only Fee – 12.5% of Amount Recovered from Debtor
Hourly Rate –Debt Recovery Advice - £195.00
Letter before Action incl. Statutory Demand - £95.00
Drafting of County Court Proceedings - £95.00
Hourly Rate –Defended & Contentious Cases - £195.00
Credit Control Services – 10% of Submitted Invoices
Travel & Subsistence will be charged & invoiced to the client and payable upon production of a valid receipt
Invoicing – Invoices are raised on the 28th day of each month and are payable upon receipt
Instalment Plans – Fees for Instalment Plans are payable in advance as a FULL Recovery i.e. 15% of the amount agreed to be repaid. *
Attachment of Earnings - Fees for Attachment of Earnings are payable in advance as a FULL Recovery i.e. 15% of the amount ordered by the Court to be repaid. *
Charging Orders – Judgments that are converted into Charging Orders will incur a FULL Recovery fee of 15% of the amount ordered by the Court to be repaid. *
High Court Sheriffs/HCEO – All Fees for High Court Enforcement Action are to be paid in advance.
PRMS MONEY BACK GUARANTEE ™*
* If the debtor stops paying during the course of an Instalment Payment Plan/Attachment of Earnings arrangement, PRMS will re-commence recovery action until payment resumes. If the instalment plan fails then PRMS will return the outstanding portion of any unrecovered fees that have been paid in advance.