No Cure No Pay – A Collection Agency That Works on a Contingency Fee Basis

Incassobureau No Cure No Pay is a collection agency that works on the basis of a contingency fee. This means that you only pay if and when we collect the debt. No fee is charged without success. This principle is based on the LOF (Lloyd’s Open Form) salvage contract standardized in 1908.

No Win, No Fee: The Advantages of Using a No Cure No Pay Collection Agency

In our view, banning this method in amicable debt collection would only serve to enrich the bailiffs who specialize in out-of-court actions – it would also lead to more work being channeled to tribunals, which are already overflowing. The public would suffer as a result. In addition, confusion could arise between the means used and the results delivered. That is not in the interest of creditors, debtors or indeed taxpayers.