Late payment letters
Are you in search of specialist debt recovery solicitors who could issue late payment letters on behalf your organisation in Bradford to secure payment of outstanding funds from personal or business debtors?
Then look no further than the extremely proficient team of professionals at Oakwood Solicitors who could provide a wide range of debt recovery solutions for your organisation including the issue of Letters of Action and Late Payment Demands.
The initial stage of the debt recovery process that is most commonly employed by our dedicated debt recovery team at Oakwood Solicitors is the issue of a Letter of Action or Late Payment Demand.
- A Late Payment Demand can be applied to certain cases when a commercial client has purchased goods or services from your company for business purposes and allows for the charge of interest and compensation on top of the outstanding funds that are owed. Interest can be charged at up to 8% above the Bank of England base rate and the amount of compensation for each invoice that has not been paid can vary between £40 and £100 depending upon the size of the debt.
- A Late Payment Demand for interest and compensation cannot be issued if there is any provision for late payments in place in the agreement with the business client or if the agreement is a consumer credit agreement.
- A Letter of Action is often extremely successful in securing payment in full of outstanding debts that are wrote your organisation without the need to progress to court proceedings proving to be extremely efficient whilst also being relatively inexpensive.
Do you require the specialist services to help obtain payment from commercial clients or consumers in Bradford?
Then you should make a no obligation call to the experts at Oakwood Solicitors to discover how our highly trained and experienced team of professionals could work on your behalf to secure payment in full of outstanding debts that wrote to you using the quickest and most cost-effective method available.
The experts at Oakwood Solicitors were recently contacted by a client who required assistance to retrieve outstanding funds of £1708.68 from Ms A in Manchester.
WHAT TO DO NEXT
Make a no obligation call to our helpful advisers today to discuss your debt recovery requirements in a free initial consultation on: 0113 200 9720
