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Debt Recovery Companies

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    Debt Recovery Companies

    Can anyone recommend a fairly cheap debt recovery company? Most charge 5 to 10% of the outstanding debt which is more than I want to pay. Risk disk charge £2.50 per communication, which sounds perfect but I need to pay £100 to become a member. I'm sure all I will need are a couple of calls to scare the client.

    #2
    Originally posted by JoJoGabor View Post
    Can anyone recommend a fairly cheap debt recovery company? Most charge 5 to 10% of the outstanding debt which is more than I want to pay. Risk disk charge £2.50 per communication, which sounds perfect but I need to pay £100 to become a member. I'm sure all I will need are a couple of calls to scare the client.

    I've found that sending a letter Royal Mail "Signed For" to the director of the company you are chasing puts a rocket up someone's arse and it gets sorted pretty quick. Your mileage may vary.

    If you want to get a proper solicitor's letter check out these guys who say they will send a letter before action to your client for £2 + vat.

    I'm sure there are lots of others out there who are happy to do one for a few quid.
    Free advice and opinions - refunds are available if you are not 100% satisfied.

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      #3
      That's right chase up via letters, a reminder, followed by a stern reminder, followed by a threat of legal action, and then lodge with the small claims court or go through debt collection.
      I'm alright Jack

      Comment


        #4
        Your plea for help

        Hi Steve,
        Please read the Terms and Conditions of the CUK forums. We do not allow blatant advertising.

        If you wish to change your Login to [email protected], admin will happily do this for you. That way you can promote you company while providing advice to posters. This is the way ALL specialists contribute to the forum.

        Other than that - welcome to CUK!

        Comment


          #5
          Originally posted by JoJoGabor View Post
          Can anyone recommend a fairly cheap debt recovery company? Most charge 5 to 10% of the outstanding debt which is more than I want to pay. Risk disk charge £2.50 per communication, which sounds perfect but I need to pay £100 to become a member. I'm sure all I will need are a couple of calls to scare the client.
          Everyone has to earn a living!

          5% is pretty standard in our industry, but depending on the amount you may be able to get it slightly lower.

          One word of warning, in debt recovery like many other fields you pay peanuts and you will get monkeys. Do you want the cheapest company you can find to chase your client?
          The only debt collection & credit control company recommended by Contractor UK.

          Read our articles on ContractorUK here and get in touch here.

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