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SFS follows standard industry practice when it comes to pricing. Though SFS is always willing to tailor its fee structure to fit the specific needs of individual clients, our fees typically follow two models–flat and commission-based.
Both are easy to understand. Most clients prefer the commission-based model, which is frequently more affordable over the long term and incentivizes our agents to work relentlessly to recover funds owing (though they are always motivated, regardless of the fee structure in place!). Our commission model requires clients to pay nothing up-front. When SFS recovers monies owing–in whole or in part–we keep a percentage of the recovered amount as a service fee. Depending on the size and age of the account and a number of other factors, this figure can be as low as 20% on high-balance commercial claims, ranging up to 50% if we take legal action on a client’s behalf. It is important to note that if legal action proves necessary, SFS goes out of its way to ensure that our clients pay nothing. In cases like this, SFS bears the cost of all court-related collection efforts, making the lives of our clients much, much simpler. Ultimately, because we offer a degree of financial security that few of our rivals can match, no SFS client ever has to worry about “throwing good money after bad.” SFS, and not our clients, absorbs all financial risk. On those rare occasions that SFS is unable to resolve a debt through the courts, we take the loss, and the client receives no bill. When exactly does the client pay when lawyers and the courts get involved? The answer is simple: when we collect on their behalf. Until then, our services cost nothing.
SFS’ flat fee structure is also very affordable and can be attractive to clients depending on the nature of the relevant account (or accounts). Clients pay a flat fee for every account they place with SFS for collection. The size of the fee depends on the number of accounts placed, and the fee-per-account total drops as the number of accounts increases. There is no fee variation between accounts. The flat fee owed for a small account is the same as that owed for a large account. It is important to stress, however, that clients pay flat fees up-front–are due regardless of whether the accounts involved are resolved successfully.
Regardless of the fee structure in place, SFS will do everything in its power, while abiding by all relevant laws and ethical norms, to recover what our clients are owed. We have extensive experience in all areas of debt recovery and our reputation in this sector is stellar.