What are collection costs?


If you do not pay an invoice on time, the creditor may charge collection costs.


How are collection costs calculated?


Collection costs consist of a percentage of the outstanding amount. The percentage is calculated according to a graduated scale. These percentages and amounts are as follows:


Outstanding Amount Collection Costs   
Over the first € 25,000 15%
Over the next € 50,000 12,5%
Over the next € 100,000 10%
Over the excess 8%

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