Call us today0800 160 1298
 
 

Advantage Litigation

Welcome to Advantage Litigation Services. We provide affordable access to commercial litigation.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

Dealing with Debtors – choosing a Debt Collection agency

Posted by on in Uncategorized
  • Font size: Larger Smaller
  • Hits: 407
  • Subscribe to this entry
  • Print

It’s an unfortunate fact of business life that at some point, you may need to take formal legal action to recover monies owed to you or your business. There are two main approaches to collecting such debts; direct legal action through the courts, or appointing an external debt collection agency.

The advantage with using a good debt collection agency is that as well as this being their area of expertise, it also keeps the debt problem at ‘arm’s length’ from your own business and may be the best way forward should you also want to maintain good commercial relationships with the debtor. It is important that you take time to choose your debt collection agency carefully to ensure you receive the appropriate level of service you require to solve your business debt problems.

Our top tips when choosing a debt collection agency are:

1. Are they registered? - make sure the agency you use is FCA registered. The FCA (Financial Conduct Authority) registration should give you additional protections should things not work out, and every debt collection agency must obtain permission from the FCA in order to be legally permitted to collect debt. An agencies FCA registration number should be clearly visible on its website and letterhead, but its always worth double checking this on the FCA’s website to ensure that it is genuine.

2. Get references - ask an agency to provide you with references from former or existing clients. Also find out how long they have been trading and what areas they specialise in. Any agency worth its salt should be happy to provide such information.

3. Don’t pay up front - reputable debt collection agencies will not charge you any upfront costs and will work on a contingent, "no collection-no fee" basis. Be very wary of agencies that require up-front fees unless there are clear and specific reasons why this may be required – there have been many stories where a customer has paid a large up-front fee for no good reason, only to see the debt collection process fail.

4. Read the small print - ask to see the agencies terms and conditions before you instruct them to carry out a collection on your behalf or before signing any contracts. In the terms and conditions, the rates for the services should be clearly stated and there should be no hidden charges.

Contact our Litigation Funding Solicitors UK

At Advantage Litigation we work in partnership with our clients to ensure that we understand and meet their expectations. Our team of highly experienced debt recovery solicitors understand how securing funds that are owed can detract from a business’s success. We are very familiar with the law in this area and will be able to handle every aspect of the process for you. We will also discuss the various finance options available and help you find a way of funding that best reflects your needs. Click here to contact us today or call 0800 160 1298.

Get in touch

  1. Your Name(*)
    Please let us know your name.
  2. Your Email(*)
    Please let us know your email address.
  3. Company Name(*)
    Please write a subject for your message.
  4. Your Phone Number
    Invalid Input
  5. Message(*)
    Please let us know your message.
  6. Anti-Spam, please enter the characters shown
    Anti-Spam, please enter the characters shown
    Invalid Input

Latest News

  • Two major dispute resolution organisations are behind this new, low-cost solution: The Chartered Institute of Arbitrators (CIArb) and the Centre for Effective Dispute Resolution (CEDR). With many courts anticipating a big increase in demand for COVID-19 related commercial litigation, the two organisations have established a value-focussed, fixed cost service for disputes over monetary amounts between £5,000 and £250,000. The online resource offers facilitated negotiation, low-cost arbitration and mediation, and companies can proceed with or without a lawyer. The online resource offers facilitated negotiation, low-cost arbitration and mediation, and companies can proceed with or without a lawyer. With group of senior retired judges recently stating that international courts and arbitral tribunals need a ‘breathing space’ if they are not to be overwhelmed, this new service should be warmly received in many quarters. CIArb Director General Catherine Dixon commented: Ensuring everyone has access to... Read More

  • A recent announcement in the House of Commons may lead to venues such as sports halls and hotel conference rooms being used as temporary court rooms should there be a backlog of claims and cases following the COVID-19 coronavirus lockdown. In England and Wales there are already over 1,400 cases waiting for dates at both the Crown court and magistrates court, a number that increases to grow week by week. Presenting a range of solutions to Parliament designed to address any backlog, Lord Chief Justice Lord Burnett of Maldon said that subject to the appropriate social distancing requirements being in place and ‘with a bit of luck’, all courts should be in a position to re-open by the end of June. However, with current courts likely to struggle with demand, he suggested that temporary venues could be used in the short... Read More

  • In a claim filed at a court in New York City, USA last month, software giant Microsoft is facing legal action over alleged unauthorised use of professional photographers’ images. The images in question were taken by American photographer Matilde Gattoni and appeared in an article titled 'These are the women leading China’s wine revolution’. The article was published both on the Wall Street Journal website and on the MSN website, owned by Microsoft. The MSN article also featured a Washington Post header, an indication that it was a syndicated article. The images had also been used and published at the end of 2018. Currently based in Barcelona, Spain, Gattoni is a French-Italian photographer who specialises in covering global social, environmental and human rights issues. The well-travelled professional is claiming that her photographs were used in the MSN article without proper licence... Read More