Yes, however you want to be sure that you have a reasonable chance of recovering the debt, and that it will justify the expense and effort of pursuing it.
Yes your contract may specify a credit period and how interest will be charged on overdue payments. In addition, commercial debts are covered by the Late Payment of Commercial Debts (Interest) Act 1998.
Most debtors can be traced using a trace or debt recovery company for a nominal fee.
Ideally you will have a written and signed contract. But you may have other documentary evidence - for example, a purchase order or an invoice.
Get as much written evidence as possible, including evidence that you have tried to resolve the dispute.
No. When you win the court case (either because it is undefended or because a dispute has been resolved in your favour) you are awarded 'Judgment'. However there are further steps you can take once you have Judgment e.g. High Court Enforcement, Attachment to Earnings, Charging Order or Winding Up Petition.
As a professional service, debt collection is extremely cost-effective. Debt collection offers you a team of highly-trained professionals dealing with all areas of contact, collection and mediation giving you peace of mind in knowing your debts are being handled.
Choosing debt collection not only saves you time and money, it also gives you the true specialists in dealing with unpaid debt. Unlike other options, debt collection agencies deal with debt every day, have heard every excuse and know every trick in the book. They know exactly what to do to get your debt paid quickly.
Seeking the help of a debt collection agency can prove invaluable in the collection of unpaid debt.
Third-party intervention delivers the message that there is no more time to waste, no matter the type of debt.
Goods or Services unpaid? Rent overdue?
Instruct the experts for speedy results and no more delays.
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