First steps to collecting your debts
At Nelsons, we offer pre legal debt collection services. The services we provide involves chasing the debtor by email, letter and telephone and reporting back to you and reviewing action at each significant juncture, with a final review to see if you want to move onto our Court Action Services.
We also offer two additional pre legal debt collection services which you can choose to go ahead with. These services are:
1. Late Payment Legislation
The Late Payment Legislation enables you to add compensation and interest to your debt.
In order to do this, we recommend that we carry out appropriate searches to check the credit rating of your debtor. Additional fees will be payable for these searches – but we will discuss them with you before they are incurred
2. Statutory Demands
Included in our service is the consideration of whether to use a Statutory Demand. You can only use a Statutory Demand if the debt is in excess of £750 and is not disputed.
A Statutory Demand is a direct route to starting insolvency proceedings. Without a Court judgment, before you can serve a bankruptcy or winding up petition upon a debtor, you must serve a Statutory Demand for the outstanding debt. If a debtor fails to pay within the time limit then insolvency proceedings may be started without notice to the debtor.
A Statutory Demand can be a very powerful collection tool, so it has to be used carefully as there are risks of penalties in costs if misused.
Our pre legal debt collection service prices
Our charges for debt collection work are transparent and easy to follow. We offer fixed fee services which are based on the amount due to you.
For more information about our debt collection services for businesses, email us or call 0800 024 1976 for a guaranteed response.
"Nelsons...focuses on handling bespoke (rather than volume, process-driven) business-to-business debt recovery mandates from commercial clients, and particularly excels in pre-action collections."Legal 500
"The team at Nelsons is very helpful, supportive and prompt in responding to any problems."Client Feedback
"Excellent, prompt service. Fast turnaround. Brilliant. Highly recommended."Client Feedback
"Nelsons give a friendly efficient and professional service with regular updates on case proceedings."Client Feedback
"Did an excellent job collecting outstanding debt from a customer. Quick to get a payment schedule and swift communication. Would use them again if the situation occurs."Client Feedback