Debt Recovery
Industry statistics show that 85% of debtors will pay within 7 days if they receive a letter from a third party.
With statistics like that, it makes sense to utilise a collection agent for your debt recovery work rather than going straight for legal action which can be timely and expensive. Furthermore, we operate on a...
NO COLLECTION - NO FEE
...basis which means that if we are not successful in collecting your debt, we will not charge you a penny for the time we have spent and there are no hidden charges like administration or set up fees. We will either chase using our own proven techniques or you can decide the approach that we take. We will help resolve any queries that the debtor may have and mediate between you and the debtor as necessary.
In the rare case that court proceedings are necessary, we are able to assist by issuing proceedings, entering default judgments and enforcing judgments however if an action becomes defended we will generally recommend the involvement of a solicitor.
Furthermore, if you wish us to do so, we will charge the debtor in line with the Late Payment of Commercial Debts (Interest) Act 1998 (if the debt qualifies for this legislation) which will normally cover our fee.
As long as your debt is less than 7 years old, we may be able to collect it so contact us now as you've got nothing to lose!
Rates
These rates relate to invoices where court action has not been issued.
UK:-
Less than 6 months old - 6%
More than 6 months old - 12%