Debt Recovery FAQ's
What is your success rate
for collection?
Currently 95% for full
collection. 60% of these
have been settled without
court action
My
debt is less than your
minimum fee or within a few
hundred pounds of it can you
still Collect my debts?
Actually YES we can we have
another service designed
specifically for these
CLICK HERE
What is the process you
employ?
For operational and security
reasons we do not detail the
exact process on our
website, however the basic
procedure is as follows: The
first approach is made by
letter, telephone and email
informing your debtor that
we are Debt Collectors and
have been instructed to
recover the debt. We run
certain checks and searches
on the debtor to get a fully
detailed background. We aim
to have the debt paid in
full there and then, if this
appears unlikely we will
discuss the various options
open to you and enforce
collection via one of these
recovery options.
The
debtor seems to have
disappeared can you trace
him and how much does this
cost? Tracing
debtors is all part of our
service and there is no
additional cost for this.
While we cannot guarantee we
will be successful in every
case we do have a very good
trace rate.
Who
decides if the debt is to
proceed to Litigation?
We will advise
you of the various
litigation options, the
likely costs and outcomes.
The ultimate decision
whether or not to proceed
with litigation is yours,
based on our advice and
experience.
The
Debt is disputed can you
help?
Yes, we in fact over 60% of
our debts fall into this
category. have a look at
Case Studies for more
information
I
already have a County Court
Judgement can you enforce
collection for me?
Yes we have an
excellent reputation within
the industry for enforcing
Judgements.
The
debtor company is in
Receivership/Liquidation or
Bankrupt, can you help?
Yes. We investigate all our
debtors to ascertain that
they were trading within
Insolvency legislation. If
they have been trading while
insolvent we will instruct
the Insolvency service to
prosecute the Directors.
This will then open the way
to pursue them personally.
When do I have to pay you?
Only if we collect all or a
proportion of the debt. Our
fee is levied on what we
actually collect less VAT
and court costs. Please see
our terms and conditions for
full information.
If
there is a trial or hearing
will I need to attend Court?
If the case is defended you
will have to attend or send
somebody that dealt with the
case to explain the nature
of the debt to the court.
Can
I recover the court fee from
the debtor? Yes
if you are awarded
judgement.
Can
I recover your fees from the
Debtor? No,
unless you have a written
agreement with the debtor
relating to this, so change
your terms for future debts.
What information do you need
to start recovery action?
Use our "Instruct
us to collect" form to
supply the basic
information, we may request
further details if required.
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