Crown Recovery

There are several ways to collect debts: in-house, hiring a debt recovery agency , or taking legal action. Each option has different advantages and disadvantages, which we would like to discuss today. In-House Debt Recovery Services If you have an in-house team dealing with credit management, you may think it is best to collect debts yourself, since this team has experience dealing with delinquent customers. Pros ·          Your team might have a good relationship with the customer.  ·          You know everything that happened in the case since it was handled entirely internally.  ·          It is a more personal approach. Cons ·          Time consuming.  ·          Time and resources are limited. ·          It may ...

  Are your debtors making excuses to avoid payment? It can have a negative impact on your business’s cash flow, especially when the rotation of the money is slow. Here are 5 reasons why you should contact a  commercial debt recovery agency in London : 1) Cost-Effective The thought of hiring a lawyer and the costs involved can be quite daunting, but this is far from the truth. We offer our corporate clients a Solicitor Demand Letter (SDL) for just £5 + VAT to our commercial clients. This letter threatens further legal action if payment is not made within 7 days. Even if this letter does not have the desired effect, and we have to go as far as repossession, we offer a very cost-effective structure so that you know from the start how much you are likely to pay. 2) You Can Recover Your Costs Not only is the debt collection process is cost-effective, but costs are also recoverable along with interest on undisputed debts, whether statutory or contractual. For commercial ...