Some context:
Since NUCO is not doing collections itself but is instead giving automated tools to do collections to the creditor - nuco is not bound by the same rules and regulations placed on the collection agencies.
NUCO would take a cut on a sliding scale, based on the age of the debt. If a freelancer or a contractor submits a debt that is "only" 15 days overdue, NUCO would take a small cut (say 5%) however, more overdue the debt is, NUCO would take larger cut (say, 15% for a 90 days old debt).
There would be an API that would also allow people to automatically send someone to NUCO for collections if, for example, debt is over X days old.
Being a smart crowd, what is HN crowd's 2 cents on this?