How Debt Collection works

Debt Collection

Our Approach to Debt Collection :

Debt Control Limited is primarily a Debt Collection Agency and provides a unique Debt Collection Service, which enables us to collect any undisputed debts greater that £750 quickly and professionally and in many cases there is no cost to you or your company. Our no cost Debt Collection service is achieved by us charging your debtor compensation and interest, which is legitimately enforceable under the European Legislation. The cost of our Debt collection service is therefore carried by the debtor and not by you.

We initially issue a 7-day letter from Debt Control Ltd advising that we are a Debt Collection Agency and that the debt has been passed to us for collection. We advise the debtor that interest and compensation is now accruing on the debt in addition to the principle sum. Telephone calls will then be made by our team of professional credit controllers to obtain payment promises and confirm the debt is not disputed.

If the debt remains outstanding we will then issue a 7 day letter advising that we will follow up with a 21 day statutory demand if the debtor has still not responded. The impact of this action is that the debtor knows that if the debt is not paid within 21 days then we will issue a Bankruptcy Petition (for a Sole Trader or Partnership) or a Winding Up Petition (for a Limited Company) without further recourse to the debtor. This focuses the debtor’s mind and brings you to the top of the food chain. This procedure is only to be used for undisputed debts.

Where there are disputes our experienced team of credit controllers will identify and quantify the dispute and the account will seamlessly transfer to our legal department where they will assess your claim before issuing formal recovery procedures. Our solicitors are specialists in Debt Recovery and only require Court Outlays to be paid upfront as our solicitor’s fees are normally recovered from the debtor.