We provide effective debt recovery services. Initially, we will send a firm letter to the individual who owes you money, clearly stating that legal action will be taken if the debt is not settled by a specific deadline. We may also visit their premises to underscore the seriousness of the situation. If the debtor is open to negotiating an arrangement, we will mediate the discussion, ensuring you no longer have to handle any direct communication or uncomfortable conversations with them.
Sometimes, simply having someone present to collect the money owed can be enough to encourage payment. This is often due to the embarrassment factor, especially for shops or businesses with customers present, as it doesn’t reflect well on them. At Debt Recovery Management, we charge a fee of 15% of the debt. For example, if someone owes you £1,000, our fee would be £150. If the traditional debt recovery process is unsuccessful, we can initiate legal proceedings against the debtor, but additional fees will apply.