Debt Recovery
DEBT RECOVERY SOLICITORS HILLINGDON – COMMERCIAL DEBT COLLECTION LAWYERS
It can be frustrating if you are owed money by your customers, family or friends. Not only is it difficult to understand what legal channels you need to go through to get your money back, it is just plain awkward.
There is generally confusion when it comes to selecting the channel through which to recover. Debt recovery agency or solicitors? Whilst solicitors are stereotypically expensive, we believe our approach is very effective in helping get our client’s money back. Debt agencies are notorious for using a “one size fits all approach” which attempts to coerce the debtor into paying. However, more often than not, it has the opposite effect and the “threatening” demand ends up in the bin.
Hillingdon debt recovery solicitors use a tailored approach to debt recovery which makes debtors sit up and take note. We:
- · Quickly assess the debtor’s willingness or ability to pay
- · Ascertain whether the debtor has any defences or counter-claims
- · Examine the documents you have to make sure the right person or organisation is pursued
- · Look at the value of the debt – claims below £5,000 can be done through small claims
- · Ask whether bankruptcy will affect your chances of getting your money back
- · Look at the overall attitude of the debtor and their likely responses to different channels of communication
What else we do
If you have a small debt or large bulk debts, we can tailor our services to your needs. For small debts or repeat business, for example, we may be able to offer our services on a fixed fee basis. We also take a look at the nature of your relationship with the debtor. If you would like to preserve the relationship because, for example, they are a good customer, then we can suggest ways of achieving this. At all stages, we strive to consult with our clients, so they are in control of the process and made aware of the costs and benefits of each step in the process.