The ‘No Cure No Pay’ principle allows you to track down debtors without any upfront costs. We only charge you a % commission when we successfully collect the debt. This arrangement is also known as a contingency fee. Virtually all professions work in this way, from lawyers – who get paid only for their results – to carpenters who build your house, and even to debt collectors.

Banning “no cure no pay” in amicable debt collection will not make things better: it will only drive up the cost of the actions and divert more cases to the courts, to the advantage of a few bailiffs who profit from this.Go here :https://www.credifin-nederland.nl/diensten/no-cure-no-pay-incasso/

Budget-Friendly Debt Collection: How No Cure No Pay Benefits Businesses

ISU endorses the latest edition of the Lloyd’s Standard Form of Salvage Agreement, LOF 2011.

Read the article: “No cure no pay – a useful method to reduce debt” by Michel Lebrun.