Debt Collection Blog

Statutory Demand

admin — Thu, 17 May 2012 20:58:10 +0000

At Debt Collection we are great believers that Statutory Demands used correctly can bring closure on a debt situation in a simple and straightforward process. Often we are having to look at the reasons why a Statutory Demand is used over a County Court Summons. The County Court as a rule is long-winded and not effective. If you win your case and need the use of a Bailiff forget it, they are not effective.
At Debt Collection, we use the services of the High Court Enforcement Officer. The advantage is, it is inexpensive yet very effective. The officer charges a commission to the debtor and seldom does he leave the debtor empty handed.
With a Statutory Demand, in the event of non-settlement we proceed to bankruptcy, seldom does the process go the whole way but if it does generally it means the debtor has lost control and bankruptcy is the easy option.

Statutory Demand is a post from: Debt Collection Blog

Debt Collector v Solicitor

admin — Tue, 15 May 2012 21:35:21 +0000

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……………

Debt Collector v Solicitor is a post from: Debt Collection Blog

Debt Collection and Recovery

Chris — Mon, 14 May 2012 21:01:47 +0000

The economic world is experiencing difficult times, yet Debt Collection are continuing to collect from slow and non-paying debtors from around the world. We recognise that every debt is different and often require different techniques to successfully secure a collection. We pride ourselves on bespoke collection and recovery techniques. Each client has its own Account Manager that is available to discuss individual debts at any time during the course of the working day.

Debt Collection and Recovery is a post from: Debt Collection Blog

Test post

admin — Mon, 14 May 2012 13:38:03 +0000

Content Test post is a post from: Debt Collection Blog

Test post is a post from: Debt Collection Blog