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Chasing debtors - it's easily one of the most frustrating yet vital aspects of running a business. Recovering the money owed to you is essential. Without doing so, poor cash flow could lead to severe consequences for your business. Yet, you're not an expert at debt recovery, and you have a company to run. So what do you do?
Turn that frustration into positive action. Speak to Forbes Collect. We are experts in debt collection, and also happen to be solicitors, which comes in very handy. And being regulated gives us an extra advantage.
In short, we deliver a persistant, yet professional approach that leads to prompt payment. Our service is managed through a cloud-based system online. So it's easy for debtors to make payments 24/7, and for you to keep track of our progress. And because we offer "no recovery no fee" and a transparent pricing structure, it's the high success, low risk solution you need, whether you run a small start-up or an established, larger business.
Maximise your chance of debt recovery and boost the amounts recovered. Get connected with Forbes Collect today. Debt recovery made easy.
Unpaid debts can cause huge problems for businesses. At the very least, chasing late payments can be frustrating and time consuming, but a good cash flow system is also an essential factor to ensure success. When you business' cash flow is affected by unpaid debts it can potentially prevent work from being carried out, or staff being from paid, which may harm your reputation in the long-run.
Forbes Collect is a unique commercial debt recovery process to aid you in the collection of your unpaid invoices. If you're not receiving payments on time, our expert debt collection team will assist you to recover any outstanding invoices in the most efficient and cost-effective way possible.
At Forbes Collect, we understand that commercial debt recovery is an essential service for many businesses, which is why our debt recovery solutions are often used by businesses to encourage slow payers to make payment sooner.
We aim to provide an efficient and hassle-free service that makes the process of debt recovery as easy as possible for our clients.
Our three-step commercial debt collection process goes as follows:
Step one: Pre-Litigation Process
Our team of expert debt recovery solicitors will start proceedings by sending an initial letter to the debtor, giving them 14 days to pay the monies owed to you, together with interest and late payment compensation, if appropriate. We also send reminders and prompts to maximise our contact with debtors, by text and email if appropriate. If they fail to pay within this timeframe Forbes Collect, with your permission, will then issue a County Court claim against them.
Step two: Issuing County Court Proceedings
If the debtor hasn't made the payment after the initial pre-litigation process, you are within your legal right to commence with County Court action.
You are able to claim for:
Again, the debtor will then have 14 days, from the date of issue, to respond to the claim.
Step three: Enforcement of County Court Judgments
Once our debt recovery team have secured a judgment on your behalf, there are a number of enforcement options you can take to recover your money. These may include a warrant/writ of control or a statutory demand. Call our qualified commercial debt recovery team on 0800 689 4176 for more information about these options.
At Forbes Collect, we pride ourselves on giving you straightforward and practical debt recovery solutions. Our solicitor-led service reflects the needs of your business, and provides the expertise and experience you need for fast, efficient results.
At Forbes Collect our service is strictly "No Recovery, No Fee" – this means that any fees we charge are directly linked to our success in recovering your money.
With the very latest in cutting-edge cloud technology, we make it as easy as possible for you to instruct us, and for debtors to make payments using our online payment platform. As our client, you will have access to our 24/7 client portal and easy reporting functionality.
21 Mar 2018
An innovative debt collection service using cutting-edge technology, launched by Forbes Solicitors, has…
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