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CLAIM & COST CALCULATOR AND GUIDE

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					Newsletter no. 10                                                                            28th March 2007

How can the ADRA Website help you? - www.adraonline.co.za
Good Morning Members!

I trust that this newsletter finds you all well.

Should you not be familiar with our website, allow us to introduce to you the “Tariff Guide & Cost
Calculator”.

This is a fantastic function that will be able to assist you in calculating claims & fees.

Below is an example of the calculator. No, this is not the one you should use, yes, you do need
to access the website in order to make use of the calculator.

Annexure B - Expenses and fees – Regulation 11 – can be viewed on the ADRA website for your
convenience.

The Receipting Fee may be charged on the Capital debt, interest and any accrued interest.



                                            CLAIM & COST CALCULATOR AND GUIDE


  Interpretation of the Tariff (What you can charge for & when / guidelines)
  This interpretation has been completed and needs to be ratified by the ADRA
  Executive Committee first before it is available for public consumption. Members
  will be advised of the availability of the interpretation herein in due course.


   Claim & Cost Calculator

   Members are advised that this claim & cost calculator serves only as a guide to assist in the calculation of the final amount
   payable by debtors which is based on the accuracy of various inputs to be determined by the member themselves. The total
   amount payable in the calculator should therefore serve only as an estimate and members are expected to exercise due care
   in the interpretation of "Annexure B : Expenses & Fees" of the Debt Collectors Act (Act 114 of 1998). ADRA does not hold
   itself responsible and/or liable in the event that members use the claim & cost calculator incorrectly and/or if members do not
   apply an/or interpret the tariff in accordance with the requirements of the Act.




     KINDLY INPUT DATA IN THE YELLOW TEXT BOXES
     Move to next box for calculation to happen


     Capital amount handed over                                                      0
                                                                               R

     Approx number of instalments to be paid by debtor                                   0
                                                                       COST PER    NOTES TO THE ADRA MEMBER /
COST TYPE                            TARIFF    MAX     QUANTITY
                                                                           ITEM     DEBT COLLECTION COMPANY


                                                        0                         Item 1 (a) of tariff : Necessary ordinary
Letters/Fax/Email Out                R 12.00    0
                                                                        R         letter, facsimile or email

                                                        0                         Item 1 (b) of tariff : Registered letter
Letter Out (Registered)              R 17.00    0
                                                                        R         (Sec 57 of Magistrates Court Act)

                                                                                  Item 2 of tariff : Necessary phone call
Telephone call Out                   R 12.00    0       0
                                                                        R         (which is not a consultation)

Sign AOD (including                                     0                         Item 4 of tariff : AOD in terms of S57
                                     R 45.00    0
consult)                                                                R         or S58 of Mag Court Act

                                                                                  Item 5 of tariff : Drawing up a
Draw up settlement a/c               R 24.00    0       0                         settlement a/c (other than the free 6
                                                                        R         monthly a/c)

                                                                                  Item 6 of tariff : Correspondence
Tel call in In                        R 6.00    0       0
                                                                        R         received and attended to

                                                        0                         Item 6 of tariff : Correspondence
Letters/Faxes/Emails In               R 6.00    0
                                                                        R         received and attended to

                                                                                  Item 7 of tariff : Necessary
Consultation only                    R 30.00    0       0                         Consultation with debtor (No AOD
                                                                        R         signed)

                                                                                  Note that items 1 to 7 cannot exceed
Total costs (Items 1 - 7 of tariff)                                               the capital amount or R600, whichever
                                                                        R         is lesser



                                                                                  Item 9 of tariff : 10% of instalment
Collection Commission                 10%      R 300                              received, subject to a maximum of
                                                                        R         R300




                              GUIDELINE TO CLAIM & COST CALCULATION




Capital amount handed over                                                               0
                                                                                    R

Total costs (Items 1 -7 of tariff)
                                                                                         R

Collection Commission based on                                    instalments
                                                                                         R

Vat (14% on costs & collection commission)
                                                                                         R




Total payable by debtor (Estimate)
                                                                                    R




                                                                                    Clear Fields
Should you require any assistance, please do not hesitate to contact us.


ADRA GREETINGS
Samantha Heuer
Phone 041 583 5396
Fax   041 583 5738
info@adraonline.co.za

				
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