Interest rates are an essential component of the financial system, determining the cost of borrowing money and influencing spending decisions. However, they can also have a significant impact on businesses and individuals who are trying to recover debts. The history of claimable interest in the UK can be traced back to the County Courts Act […]
The witticism “an oral contract is not worth the paper it is written on” is generally sound advice. Although purely oral contracts are valid, they are harder to prove in the event of a dispute. It makes obvious and sound commercial sense to confirm a verbal contract in writing, whether made on the phone or […]
Debt collection is a notoriously difficult and time-consuming process that businesses face regularly. It is an unavoidable part of running a business, and unfortunately, unpaid debts can harm cash flow, prevent growth, and reduce profitability. However, Debt-Claims provides businesses with a new approach to debt collection that can streamline the process, increase efficiency, and ultimately […]
We occasionally receive queries from clients who have contracted with individuals who were based in England or Wales, who have defaulted under an agreement and taken up residence in another UK jurisdiction such as Scotland. Their perception often is that such debtors are not worth pursuing due to expensive administrative work in serving documents outside […]
Debt recovery can be a daunting process for those who are unfamiliar with it. The legal jargon, the court procedures, and the risk of incurring costs can all make it seem like an insurmountable task. However, with the right approach and a thorough understanding of the process, debt recovery can be a successful avenue for […]
At Debt-Claims, we do not work on a commission or recovery basis and every instruction receives exactly the same high level of service. As such, we are happy to accept instructions for debts of all values, including low debts that other firms might not take instructions on. Due to court rules however, there are some […]
In a shocking story illustrating how far customers now have to go to get a refund and compensation for cancelled flights, media reported yesterday that a Wizz Air customer, Russell Quirk, sent bailiffs to Luton Airport to recover money owed after his flight to Portugal was cancelled with a mere three hours’ notice. Our debt […]
If you are owed money and you want to begin the debt collection process, we can get the process going with just a few small details; meaning that you don’t have to spend considerable time digging out every piece of correspondence before you make a start. The sooner you can get the ball rolling, then […]
Debt collection has, in one form or another, been around since the dawn of time and although the methods and laws have changed over the years, the crux of it is ultimately to collect money owed to you. Ensuring that debts are paid promptly is crucial running any business (or household) and throughout the United […]
