Late Payment Of Debts; Are you chasing late payment of business or commercial debts from customers who have failed to make a payment on the invoices that were issued following the purchase of goods or services from your company? Then you should make a no obligation call to the highly trained and experienced recovery experts at Oakwood Solicitors discover how our dedicated team of professionals could work with you to secure outstanding payment in full as quickly and efficiently as possible without any unnecessary hassle for your organisation.
In the commercial client is late in making an invoice payment you may be able to charge interest on compensation on top of the outstanding balance that is owed to you under the Late Payment of Commercial Debts (Interest) Act 1998. In order to be eligible to do so you must have supplied goods or services to the commercial client that were purchased for business purposes. The contract between you and the commercial client must not be a consumer credit agreement and must not contain any provision for interest on overdue invoices.
It is not necessary to provide an invoice for the interest and compensation that is being charged. You may simply write to the customer to inform them of the amount due or our professionals can do so on your behalf.
The experts at Oakwood Solicitors could recoup the outstanding funds interest and compensation by issuing a Late Payments Demand to the non-paying commercial customer requesting that payment be made within a set time scale.
If the compensation being charged does not cover our costs in cases that involve orders placed after 16 March 2013 reasonable costs can also be charged to the debtor.
Do you require expert assistance in your pursuit of late payment of outstanding debts from commercial clients? Then don’t hesitate to get in touch with the dedicated debt recovery team at Oakwood Solicitors as our professionals could use tailor-made debt recovery solutions to secure payment in full of the outstanding funds that are owed to your company for the goods or services that you have provided.
The recovery specialists Oakwood Solicitors were recently contacted by a client seeking assistance to recoup outstanding funds £718.32 from Ms H in London.
Are you like the above-mentioned client seeking assistance to recoup outstanding funds that are owed to you by a non-paying customer as well as any interest and compensation cases that apply? Then don’t hesitate to get in touch with our dedicated team of experts for a faster cost-effective debt recovery service that you can rely upon.
The highly skilled and resources professionals at Oakwood Solicitors could help you obtain late payment of outstanding debts from commercial clients plus interest and compensation in cases that qualify as quickly and cost effectively as possible; so make a no obligation call to our dedicated team to discuss your debt recovery requirements in a free initial consultation on: (0844) 847 2323.
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