My credit terms and conditions allow any cost in collecting the account to be passed on to the debtor/customer. Does Baycorp allow for recovering the costs of using a collection agency?
Providing your credit terms and conditions allow it, we automatically calculate the recovery fee based on the account balance to ensure you receive the principal amount back. You do not need to add any collections fees to your account when referring to Baycorp. We will need to review a copy of your terms and conditions to ensure that you are entitled to add recovery fees to the account.