Debt Recovery Companies

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Safe Collections replied

26 November 2012, 13:51
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?
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Steve Thornbury replied

22 November 2012, 11:15
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 Steve@myco.com, 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!
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BlasterBates replied

21 November 2012, 08:24
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.
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Wanderer replied

21 November 2012, 00:18
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.
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JoJoGabor started a topic Debt Recovery Companies

20 November 2012, 23:16
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.
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