COST & FEE SCHEDULE

Debt load Fee - $20.00
Applied when debt loaded.

 

Debt Increase Fee - $10.00
Applied when client instructs that the debt is to be increased.

 

Payment Transaction Fee - $1.00
This will be applied for all bank transactions completed by Cedar Credit.

 

Correspondence Fee - $2.00
This will be applied per call, email, or post.

 

Debt Payment Arrangement Fee - $25.00 (paid by debtor)
This is applied when the debtor does not pay off their debt in full and wants Cedar Credit to arrange a payment plan.

 

Bankruptcy Notice - $115.00
This is applied only in the specific situation.

 

Default Listing - $25.00
When a debt has reached the point where a default is to be applied this cost will be added against the client.

 

Remove Default Listing - $60.00
This cost is always applied when a removal is requested by the client.

 

Dishonored Payment Fee - $25.00
This fee is to be applied to the debtor’s balance every time a payment is not made on the expected day, this applies to payment arranged by debtor to client or Cedar Credit. This fee is also to be applied when a cheque payment is dishonored.

 

Reporting Fee - $20.00
This fee is to be applied when a client requests a report or additional profile/account work.

 

Legal Referral - $250.00
This is to be applied when a client requests or accepts legal escalation for a debtor account that has been unsuccessful up to that point.

 

 

Debt Recovery Resolution Administration - $100.00 per hour
This is the hourly associated administration charge to be applied when a client requests or accepts legal escalation for a debtor account that has been unsuccessful up to that point.

 

Information Discovery Fee - $30.00
This is to be applied when a client is unable to provide enough information relating to the debtor, i.e. full name, location, phone number, that requires Cedar Credit to verify a debtor detail.

 

Trace by Third Party Fee - $60.00
This is for a trace through R ‘n’ R Recoveries. These tend to be most effective for Otago/Southland debtors.

 

Field agent visits - $150.00 (Dunedin city and Invercargill only)
We can do agent visits anywhere in the country, but prices vary in all other locations. Visits to Central Otago, for example, can run as high as $300, and it will be higher for rural visits. Prices are available on application to the various field agents.

 

The costs mentioned above are all GST exclusive.

Pricing updated: 1st October 2018