How much do our debt collection services cost?
Debt collection fees
Our solicitors at Moneyback.no specialise in debt collection. The hourly fee for their services ranges from 1,600 to 1,800 Norwegian kroner plus 25% VAT, depending on the complexity of the case. This amount is relatively small given that these services will help increase your chances of success. If your claim is upheld, the debtor is typically required to bear the cost of your solicitor’s services. Thus, you will recover your debt as well as your legal costs, and your investment will definitely pay off. In all cases, we request a pre-payment to the client’s deposit account.
Fair prices that meet your expectations
Numerous debt collection agencies offer their clients agreements that include a commission fee calculated as a certain percent of the debt recovered. This means that you are not required to pay for their services if you lose your case and fail to recover your debt. At first glance, it would seem that this is a very good deal, but is it really? There is a price to pay for such contracts. In reality, you pay far more money for debt collection services if your agreement includes a commission fee based on a percentage of the recovered debt because such agreements are usually only offered for cases that the debt collection agency is confident about winning. So if you receive an offer that entails a commission fee based on the amount recovered, beware – this is a tell-tale sign of a disadvantageous agreement! We believe that we can offer you a fair price without any added costs, keeping in mind the fact that in the event of success, our clients always recover the costs of their solicitor’s services.
Are there any other ways to pay for debt collection services?
You are probably wondering whether there are other ways to pay for assistance in recovering your money. Unfortunately, Norway does not reimburse solicitors’ services in debt collection cases. There are also only limited possibilities for seeking coverage of debt recovery costs from insurance companies. Contact your insurance company to find out more.