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How We Charge

EDR provides a low cost, high volume debt recovery process. EDR are not debt collectors. The director/lawyer of EDR has over 16 years debt litigation experience in New South Wales.

By using the debt recovery service of EDR, you avoid paying for any commissions and excessive legal fees. At EDR, legal fees are capped to scale solicitor's costs for claims up to and including $20,000 for New South Wales matters. Filing fees and most Local Court fees are fixed depending on the value of your claim.

Generally, the fixed filing fee, service fee, statutory interest and capped solicitor’s costs form part of your claim and are recoverable from the debtor, in full or in part when either the debtor pays the amount claimed on the statement of claim or you win a defended hearing.

How we charge you depends upon the stage that you choose and when the debt is paid. The fee for service charged by EDR is paid by money order, pay-pal or EFT transfer at the time tat you place an online order using the secure EDR website.

There are four (4) stages in the debt collection process. Below is a table showing each stage and the total amount EDR will charge. These fees and charges are effective as at 1 January 2019 and will be subject to statutory change on 1 July 2019 and every 6 months thereafter.

       

Stage

Service provided

Debt Amount

What you pay EDR
(Incl. GST) $AUD

1

Letter of Demand

Principal Debt plus cost of letter of demand

49.50*

 

2

 

Statement of Claim -
Sole trader or individual#

Under $1,000

531.20#

$1,001 - $5,000

669.80

$5,001 - $20,000

808.40

 

2a

 

Statement of Claim – Corporation#

Under $1,000

632.20

$1,001 - $5,000

770.80

$5,001 - $20,000

1750.00

3

Default Judgment – sole Trader or individual and Corporations

(If debtor has not filed a defence within 28 days of service of claim) #

Under $1,000

124.08

$1,001 - $5,000

186.12

$5,001 - $20,000

248.16

4

Defended Hearing – Small Claims#

$0 - $20,000

1,750.00**

*Unless your terms and condition allow for recovery of external debt recovery costs, a debtor is not legally obliged to pay the cost of the letter of demand in addition to principal debt owing.

**Plus GST and disbursements and amounts in stages 2 or 2a. If the matter takes more than 1 day of hearing time in the General Division, each extra day will be charged at a rate of $350.00 per hour plus GST up to a maximum of $1,750 plus GST and disbursements.

#Stage 2 – Breakdown of total costs

           

Claim Range

Filing Fee – Standard

Service Fee

Solicitors Costs
(GST Inc)

EDR Admin Fee
(GST Inc)

Total Costs

Under $1,000

101.00

43.00

277.20

110.00

$531.20

$1001-$5,000

101.00

43.00

415.80

110.00

$669.80

$5,001-$20,000

101.00

43.00

554.40

110.00

$808.00

$20,001 - $100,000

249.00

43.00

At Hourly Rate

110.00

At Hourly Rate

 

#Stage 2a – Breakdown of total costs

           

Claim Range

Filing Fee – Corporate

Service Fee

Solicitors Costs
(GST Inc)

EDR Admin Fee
(GST Inc)

Total Cost

Under $1,000

202.00

43.00

277.20

110.00

$632.20

$1001-$5,000

202.00

43.00

415.80

110.00

$770.80

$5,001-$20,000

202.00

43.00

554.40

110.00

$909.40

$20,001 - $100,000

488.00

43.00

At Hourly Rate

110.00

At Hourly Rate

 

#Stage 3 – Breakdown of total costs

     

Claim Range

Solicitors Costs (GST Inc)

Total Cost

Under $1,000

124.08

$124.08

$1001-$5,000

186.12

$186.12

$5,001-$20,000

248.16

$248.16

$20,001 - $100,000

At Hourly Rate

At Hourly Rate

For claims and default judgment for amounts $20,001 - $100,000, only the solicitor’s costs will be at hourly rate of $350 per hour plus GST. The filing fee and service fee will be fixed.

 

Stage 4 Defended Hearing: Breakdown of total costs

     

Claim Range

Service

Total Costs*

($0 - $20,000)

Deal with defence, answer further & better particulars, up to attendance of pre-trial, prepare, file and serve witness statements and 1 – day hearing in Local Court

 

$1,750.00

 

 

Make Contact

© 2019 CAV Law Pty Ltd trading as Effective Debt Recovery, ABN 63 616 409 244
T: (02) 8935 3898 | sales@effectivedebtrecovery.com.au | NEXUS LAW GROUP, LEVEL 11, 66 CLARENCE STREET, SYDNEY NSW 2000

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