Debt Recovery: No win – no fee

Sterling provides debt recovery service on a commission only basis with no up-front fee. This takes away the risk of throwing good money after bad.

Sterling are able to use payment clauses from your terms of business with the Late Payment Act to add interest and fees to your debt. In the majority of cases this means the debtor will effectively cover our fee, so you earn your full invoice value.

  • No up-front fees
  • Standard commission rate at 12% of recovered debt for UK cases, 20% for overseas.
  • Lower rates are available for large debt values and portfolios.
  • Where the debtor has engaged a solicitor, or where legal action is requested our solicitor charges a low hourly rate plus commission. Fixed fee arrangements are also possible.

Sterling collect debtor funds in a UK dedicated client bank account at Lloyds. The account is reconciled twice each month whereby we pay over your funds minus our commission. Should the debtor pay you direct then we will invoice you on 14 day terms.

For our back door hire discovery service fees please see our HireChecker page.