Small Debt Recovery Uk

 In Debt Recovery Case Studies

Is your business owed a small amount of debt and you are now seeking a dedicated and professional solicitors firm that can provide recovery solutions to your organisation within the UK? The team at Oakwood Solicitors are able to provide businesses across the UK with pragmatic advice in regards to recovering small amounts of debt and they will be able to discuss the pre-legal and legal services on offer that will be appropriate to your business.

Being owed a small amount of debt can be an extremely frustrating experience and even small amounts of debt can cause financial strain on your organisation. During these unstable economic times many businesses are struggling to stay financially buoyant and even a small amount of debt can have a dramatic effect on an organisation. The team at Oakwood Solicitors can however provide you with effective solutions to recover this small amount of debt on your behalf and they will be able to discuss the options available to you during a no obligation free consultation.

Depending on the size of the debt will vary on what services we feel will be appropriate to your business however we will always take into consideration the cost/benefit ratio as we do not believe there is any point in throwing good money away chasing bad debt. Where possible our team will also look to charge our fees to the third party involved; however the majority of businesses that are owed small amount of debt only require the first initial service.

The first initial service – this is where our team will draft a letter threatening legal action to the organisation if they do not pay the outstanding balance within the agreed amount of time (this is usually four or seven days). This is an extremely effective method in regards to recouping a small amount of debt as individuals and organisations that receive a letter drafted by a solicitor are far more inclined to pay upfront as they fear facing legal action later down the line which will dramatically damage their reputation.

If the above initial service does not work in regards to recovering the small amount of debt that my organisation is owed what will the recovery experts working at Oakwood Solicitors do for my business in the UK?

Our team will then look to use other pre-legal services including performing telephone calls chasing the debt and where a business to business relationship occurs we will also look to issue a Late Payment Demand which allows your business to charge compensation and interest for every single day the debt is overdue. We will however put you in touch with one of our legally trained experts who will be able to advise you accordingly on the best path to take if the initial service is not successful. We are extremely cost-effective in regards to recovering small amounts of debt and because of this we do receive many enquiries from businesses across the UK. We were recently contacted by an organisation that needed advice in regards to recovering £455.52 from Mr P who was based in Doncaster and our team will have provided this organisation with advice and then had a discussion about whether we could start the debt recovery process on this businesses behalf.

If your business is looking to recoup a small amount of debt from an organisation or individual that you provided a product or service to then you can contact the debt recovery experts working at Oakwood Solicitors who will gladly assist your business in the UK today on:0844 847 2323.


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