We charge our commission plus GST on any money collected from the debtor. This means we have just as much incentive as you to recover the debt as we only receive a commission once the debtor starts paying.
Payouts are made quarterly in March, June, September and December and our commission is deducted at the time of each payout. You will receive a statement with a breakdown of the amount being paid well in advance of the payment.
By lodging a debt you agree to these charges and that NZC will utilise tracking and any District Court enforcement options available. Our prices may change depending on supplier charges and changes to our service.
25% +GST of money paid by the debtor (Debts above $750)
40% +GST of money paid by the debtor (Debts Below $750)
Cancellation of debt: Full commission or a minimum of $750 depending on the amount of work NZC has done on the file.
District Court Enforcement
$ Amount added to debt: $23
Paid by client: $23
Payment received AFTER 30 days: NZC take the first $25 collected from the debtor as a late payment penalty so the price effectively increases to $50
Failure to pay: NZC take the first $50 collected from the debtor
$ Amount added to debt: $86.25c
Paid by client: $86.25c
Payment received AFTER 21 days: The commission charged will then change to the below rates: Debts $0 – $750 – 75%+GST | Debts $751+ – 50%+GST
$ Amount added to debt: $200
Paid by client: $80.50c
Paid by NZC: $150
Payment received within 21 days, client receives benefit of $150 worth of Lawyer Fees NZC will cover.
Payment received after 21 days, NZC take first $150 paid back from debtor being the $150 lawyer fee.
Payment received AFTER first payment from debtor obtained through the attachment order, commission changes to 50% and NZC will recieve the first $200 paid towards the debt.
These charges are due when we need to do administrative work outside what is involved in the typical collection process. A typical collection would not attract any extra administration. Because these charges are typically the fault of the creditors, they are not guaranteed to be added to the debt.
Changing creditor on the file $50+gst
Any other administration is charged at $150 +gst per hour
Choosing to pay invoices for Attachment Orders and/or Tracking by invoice $30 per month, paid by Direct Debit
Please view our terms for full prices