The subject of fees are always very dear to the hearts of all professionals and we are no different! However, our clients are also very important to us and our survival depends on theirs. We believe that our decision to remove the hassle of charging fees in an upfront fashion has proved a turning point to not just ourselves but also for our clients. Money that they would have spent on fees can now go towards a partial repayment to their creditors, making a recovery much closer and easier to progress.
Our fees are recovered out of the reduced payment into the CVA scheme, therefore, keeping stress to a minimum for clients. Our fees are based on a simple formula that takes into account the level of our client’s debt, the repayments into the CVA scheme and the number of creditors that are included within the CVA.
It was not an easy decision to remove up front fee charging as that is the basic life blood for the Insolvency Profession and it took a great deal of investment for the business model to work in the way that it was first envisioned. Having a system designed for clients rather than just for the benefit of Debtsgone has proved itself very popular with customers as can be seen from their comments and the statistics that they created.
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