Our Fees
Example of our fee:
|
Example A: All compensation is “cash in hand” |
Example B: Compensation includes “cash in hand” award with loan and future instalment reduction |
Example C: Compensation is used to offset arrears consumer has on credit card or loan |
|||
|
Total compensation: |
£3000 |
Total compensation: |
£3000 |
Total compensation: |
£3000 |
|
Of which cash |
£3000 |
Of which cash is |
£1000 |
Of which cash is |
£0 |
|
|
|
Loan reduction |
£2000 |
Loan reduction |
£3000 |
|
Fee charged at 15% |
£450 |
Fee charged at 15% |
£450 |
Fee charged at 15% |
£450 |
|
VAT @ 20% |
£90 |
VAT @ 20% |
£90 |
VAT @ 20% |
£90 |
|
Total Fee |
£540 |
Total Fee |
£540 |
Total Fee |
£540 |
|
Consumer receives |
£2660 |
Consumer receives |
£640 |
Consumer pays |
£540 |
|
(and no reduction in loan as it is already paid off in full) |
(and a reduction of £2000 in future loan instalments) |
(and a reduction of £3000 in their outstanding loan) |
|||