How much do debt collectors charge in Australia?
Debt collectors in Australia typically charge a commission based on the amount of debt recovered. This commission usually ranges from 5% to 30%. It’s important to note that the percentage can vary depending on factors like the age of the debt, the debt amount, and the complexity of the case. Additionally, while debt collectors cannot charge interest on the original debt, they can add reasonable recovery costs, such as collection fees and legal fees. With Bell Mercantile, your safe in the knowledge that we will only ever charge a commission upon successful recovery of all or part of the debt owed.