If you are a business that has entered into a contract with your debtor, your terms and conditions may legally (contractually) oblige your debtor to pay any costs associated with collection of the debt. Our in-house lawyer will peruse your terms and conditions and inform you if you are fully covered for recovery of collection costs. If you are not then we will provide you with the clause(s) to fully protect you in the future.
With the correctly drafted terms and conditions, we can provide our services on a self-funding scheme as we will be entitled contractually to collect our fees from your debtor.
We will issue proceedings in your name if necessary. Prior to this happening, our in-house lawyer will discuss with you the litigation process and any potential problems that you may incur with issuing proceedings against your debtor.
We have numerous methods for collection. We will initially send a letter to your debtor explaining that we have been instructed to collect a debt on your behalf, the amount of the debt and what the debt relates to.