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This is yet another “good value for money service” that we offer.
For using this outsource service, clients are required to make a pre-payment of £60.00+VAT. This is an extremely powerful method of debt collection in its own right. If your debtor does not pay you within 21 days, or at the very least make contact to come to an arrangement with you, your debtor runs the risk of you filing a Bankruptcy Petition against them (if a personal debt) or winding up the company (in the case of Limited Company).
We offer this credit management service for debts over £750.00 only. If the value of your debt is below £750, or if the debt is disputed , we recommend that you use our County Court Proceedings Service.
If we recover your money within this process, there are no further charges for you to pay Effectively; it has only cost you £60.00+VAT to use our service. If you ticked the “subsidised” box on our debt referral form instructing us to apply statutory interest and claim compensation in accordance with Late Payment Legislation - at best you would have had cost free debt collection and at worst it would have been at a subsidised cost.
If we do not recover your money within this process, we will provide you with an honest appraisal as to whether or not it is worth pursuing the debt any further.
For further information on the outsourced credit control services we provide or to get our expert advice on cash control, please contact us by telephone, or by using our on-line query form and we will do our best to help you.
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