Debt Collection Letter

Debt Collection Letter: Why Else?

Else Solicitors will

  • Minimise the frustration and problems associated with late payers
  • Free up the time your finance team spends chasing debtors with e-mails, letters and phone calls
  • Develop a tailor made debt collection strategy for your business – including the wording of the letters sent on your behalf and our approach when phoning your debtors
  • Convert outstanding payments into cash relatively quickly
  • Fast track your invoice payment by sending out a debt collection letter within 24 hours receiving the debt details from you
  • Reduce your need to pursue debts through the Court. Litigation can be a long process and we focus on avoiding this where possible
  • Add the appropriate late payment fees, interest and collection costs
  • Even collect payments from people and businesses you have given up on including tracing them and negotiating payment terms.

You can chase a debt for 6 years after it was last acknowledged. Many businesses have old debts that they have stopped chasing even though, with the right approach, the money can still be collected.

 

You can relax knowing that we have:

  • Experience in credit management
  • An impressive 95% success rate using only debt collection letters
  • The reputation and legal weight to get your late and bad debts paid quickly (where possible).
  • The ability to move immediately onto a court claim if this approach fails
  • Flexible approach to fees based upon making the debtor pay and a “no collection- no charge” policy option if required
  • An enviable reputation for always going the extra mile and offering a personal, jargon free service.

Contact your debt collection team today


Do you recognise this common scenario?
 Your accounts team issue an invoice for your products or services.

They then issue a statement a few weeks later, then a reminder and final reminder after that. They then reluctantly picked up the phone and try to talk to someone with no luck. After a few more calls and a letter or two threatening legal action, they give up.

The problem is that many businesses and individuals simply ignore invoices, statements and demands from companies. They don’t take you seriously until a solicitor becomes involved. It is a waste of your finance team’s time to chase these debtors who are never going to pay you until a solicitor contacts them.

We can chase these debts effectively for you and add on the appropriate charges for commercial debts. This includes:

  • Late payment charges
  • Statutory interest (currently 8% pa)
  • Reasonable costs for collecting the debt

The strength of Else’s reputation and the legal weight it can bring to bear is such that many companies and individuals paying after the first letter. 95% of our client’s debts are collected using letters only.

Debt collection letters are a quick way to turn old debts into paid invoices. The charge for them can be added to a commercial debtor’s invoice (in most cases).

As the letters are from Else you not only benefit from our added weight, but you can maintain your relationship with your late payers should you want to. We aim to be the experienced and responsive partner you need to look after your business interests whilst protecting your reputation.

What We Do Best

Major travel brand PGL had been chasing a debt of £4,500 for several months. Else issued one letter demanding that the debt including PGL’s legal fees be paid within 72 hours or an application would be made to liquidate their holding company.

Rosemary Wheeler-Jones, Credit Controller of PGL Travel Ltd said:
“The debt details were emailed across on the Thursday and within a week the full balance including costs was credited to PGL’s bank account.”

You can find out more by contacting Laura Charles or Chris Else today on 01283 526210 or on laura.charles@elselaw.co.uk or chris.else@elselaw.co.uk.

SRA Transparency Rules: Debt Recovery Process Pathways & Charges

What are the SRA Transparency Rules?
The SRA Transparency Rules set out the information that SRA authorised firms should make available to clients and potential clients and form part of the Better Information, more choice: Post consultation rules. The rules aim to ensure people have accurate and relevant information about a solicitor or firm when they are considering purchasing legal services and will help members of the public and small businesses make informed choices, improving competition in the legal market.

Debt-Recovery-Guide-to-process-and-costs-with-team.pdf

Debt Collection Letter

Free up the time your finance team spends chasing debtors with e-mails, letters and phone calls.
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Ledger Collections Service

Give your insolvency practice and the companies you represent the resources needed to collect the payments they need to survive.
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Possession Order – Property

Else’s debt recovery solicitors have vast experience of handling both commercial and residential possession proceedings.
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Enforcement, Charging Orders & Orders for Sale

Else’s team of debt recovery solicitors are experts when it comes to enforcement, charging orders, and orders for sale.
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Insolvency Service

Else’s team of debt recovery solicitors offer a unique insolvency service to support sole traders, businesses, and companies that are facing financial issues.
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Dispute Resolution & Claims Management

Else’s expert debt recovery solicitors have considerable experience when it comes dispute resolution and claims management.
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Credit Control Processes

Develop a custom-tailored credit control and debt collection strategy for your business. This end-to-end process with all its components (e.g. the content of debt collection letters) is tailored to your business.
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Chris is the founding Partner of Else Solicitors and has over 25 years’ experience as a commercial solicitor dealing mainly with commercial disputes. He is also an accredited Mediator.

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Chris Else

Managing Partner

Laura joined Else Solicitors as a Litigation Executive in February 2014 after gaining several years of expertise in debt recovery as a Paralegal with a National Law Firm.

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Laura Charles

Litigation Executive

Charlotte joined Else Solicitors from a global hotel group gaining commercial experience working in accounts and IT which provided valuable skills that greatly assist Charlotte in her current role.

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Charlotte Osborne

Litigation Executive

Beth deals with collecting all types of debts ranging from individuals to large corporate firms.

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Beth Marsh

Litigation Executive

Tracey has held a number of management roles during her career, including Office Manager at Next and most recently a three year position with the HomeStart charity in Derby. She joined Else in June 2017 as a litigation executive.

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Tracey Jackson

Litigation Executive

How can we help?

Get in touch.

Else Solicitors has a long standing reputation as the debt recovery solicitors. We work hard to ensure that you get paid whether this is through rigorous credit control, debt collection letters or legal action. Debt recovery is one of the things we do best and we can collect late and even “old and abandoned” debts on your behalf.

You are invited to discover why we are considered the best and why even major international law firms use our services and how we recovered £4,500 for a major travel brand.

We invite you to speak to Laura Charles or Chris Else today on 01283 526210 or on laura.charles@elselaw.co.uk or chris.else@elselaw.co.uk.