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.
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
If you are a Property Manager client of NZC, NZC may cover some of the costs of tracking and/ or enforcement which includes Solicitor and District Court application fees.
The District Court will then add these costs to the top of the debt to be paid by the debtor and recover these costs first before making pay-outs to the creditor.
If you are not a Property Manager, there will be some upfront costs to you if we need to enforce the debt through the District Court or perform tracking.
$ 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: $86.25
Paid by client: $86.25
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: $80.50
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 are reimbursed the 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 receive the first $200 paid towards the debt.
Warrant to seize Property
Costs $220 + gst
Amount added to the debt $200
This process is done through the District Court by a court appointed bailiff and NZC have no control over the final outcome.
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, but can occur in limited situations.
Changing creditor on the file $50+gst
Any other administration is charged at $150 + GST per hour
Please view our terms for full prices