On many occasions a creditor will approach a debt collection company under the misapprehension that they collect debts in a different way to the conventional solicitor.
This on the whole is just not the case. Letters, e-mails, phone calls followed by legal action are as a rule the tools of the debt collector. What is the difference then between a solicitor and a debt collector?
A solicitor seems to have a legal way of extracting money from its clients. They have the ability to ask for large amounts of money on account. When they fail seldom is there any recriminations.
Debt Collectors, often work on a ‘No Win No Fee’ basis and a commission payable upon a successful collection. In reality and certainly at Debt Collection we offer a bespoke service primarily based on a ‘No Win No Fee’ commission only basis. No up front administration fees. With charges starting from 8% in the Uk and overseas recovery starting from 12%.
Solicitors seldom have the self-belief that a professional debt recovery agency have……………