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.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Debt Recovery Companies
Collapse
X
-
-
Originally posted by JoJoGabor View PostCan 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. -
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 JackComment
-
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
-
Originally posted by JoJoGabor View PostCan 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.
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?Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment