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Our national panel of Certified High Court Enforcement Officers will help you collect your money quickly and easily.
If your business is owed money, an effective way to encourage repayment is through a Letter Before Action. This formal request warns the debtor that serious action may be taken if payment isn’t made and can potentially help you avoid costly court proceedings.
A Letter Before Action is the final reminder for debtors to settle their outstanding payment before being issued a court claim. It serves as an ultimatum from businesses, giving individuals one last chance to avoid legal action.
Missing payments can hugely damage businesses, and a Letter Before Action (LBA) is an essential part of the debt recovery process. This document outlines what’s owed from your debtor and formally requires payment within 7 days – failing which, legal proceedings may ensue with possible costs forfeited as determined by law. To ensure timely payment of debts, your business must send a Letter Before Action (LBA). This document outlines what’s due from debtors and gives them seven days to settle the balance before any legal proceedings are initiated. Don’t forget that failing to issue an LBA may mean you forfeit costs – so take proactive steps towards successful debt recovery now!
When it comes to debt, the power of choice doesn’t always rest with your collectors. Your creditor ultimately decides when legal action is taken against you for non-payment. With nearly 9 out of 10 debtors settling their accounts upon receiving Solicitors’ letters, the firm has achieved a remarkable track record over two decades. The effectiveness is such that no further action was required in most cases!
To ensure compliance with regulations when dealing in debt claims from sole traders, it is essential to follow the Pre-Action Protocol for Debt Claims. Letters Before Action are no longer sufficient and must be replaced by this protocol which offers a more comprehensive approach.
Legal action may be imminent for those who ignore their obligations. A letter before claim serves as a warning that the door to court proceedings is opening, and can prove an effective means of settling disputes without entering full litigation.
Our thorough and compelling letters of demand have had a positive outcome in the vast majority of cases, with 86% resulting in debt collection without the need for additional legal proceedings.
Our Late Payment Demand service is perfect for those who need to recover outstanding payments. Not only does it offer the same features as a standard LBA, but it also provides information on invoices – allowing you to gain interest and reimbursement of costs associated with recovery!
Recent laws have opened a new door for successful debt collection! Not only can you claim the interest on invoices that aren’t paid, but now compensation between £40 – £100 per invoice and any extra costs incurred are also covered. Your debtor could be footing your bill in full!
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Last updated | 19 July 2023
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