No Win No Fee Debt Collection Lawyers
Our litigation solicitors are based in Glasgow, Shawlands & East KIlbride and specialize in recovering both commercial and individual debts because Debt Collection Practices TEXAS OFFICE of CONSUMER CREDIT ... of our clients in Scotland -- fast! Our team is led by specialist Litigation attorney and Times Lawyer of the Week Billy Smith.
We act for all types of businesses in Scotland and the most common types of debt recovery include bill recovery, loans, building contracts, bankruptcy situations, customer debts and much more complicated contract disputes.
How can we help you recover debts?
Send us the details of your debtors FREE OF CHARGE. Using our expert systems we'll find out for you that the prospects of recovery of your debt(s). If the prospects of recovery are all great, we counsel you over the most effective routes -- these can comprise, for example, sending a letter of demand, which can provoke the borrower into paying their debt immediately without needing to resort to the courts. But, in the majority of instances we litigate. It is as straightforward as that!
After describing your options and, even if we determine that lawsuit is the ideal path for you, we would raise a court action from the courts (usually Sheriff Court, although Court of Session in Edinburgh could be right in certain circumstances), looking for immediate payment of their debt, as well as interest on the debt and some other expenses caused. In certain cases involving larger debts, ancillary steps will be obtained, such as'freezing' cash from your debtor's bank account or requesting the court to prevent the borrower from selling their own home or property until the debt has been repaid.
Recovering Interest on Debt
It may be hard for companies to handle their cash flow and keep their business running if they do not take sufficient actions to recoup debt for them.
If your business is made money, you must plan to recover this debt as soon as possible (talk to us). When you pursue a method to recoup your debt, you're eligible to look for interest on the sum to the extent the payment is late.
Our debt recovery solicitors are specialists in this region and we will act on your behalf to make certain that you get the utmost payment owed to you under Scots Law.
Concerning the legislation in this field of debt recovery, the UK Government has introduced legislation to provide businesses with a legal right to claim interest on late payment of commercial debt. The quantity of interest that could be recovered is generally calculated at 8% above the base rate, starting 30 days after the debt is due. The expected date for payment in respect of goods or services is the later of either the date of delivery of their goods or goods, or the date on which note (like in the shape of a statement ) was supplied to the buyer of the amount of the debt.
The key thing to notice is that when debt is a result of your small business and the payment overdue, we will constantly attempt to recover look at this website interest on that debt to you and we love just how significant the recovery of these amounts can be for your business.
Speak to our Debt Recovery Pros in Glasgow, Edinburgh, How the debt collection agency business works Investopedia Inverness & Aberdeen, Scotland
According to Glasgow, Shawlands and East Kilbride, we supply our transparent and sensible legal solutions to people across Scotland including people from Airdrie, Edinburgh, Motherwell, Bellshill