563 Day Old International Debt Collected Within 2 Weeks
Age of Invoice: 563 days old
Principal Sum – £5,970.88
Interest, Compensation and Reasonable Costs – £1,637.52
Days to recover: 14 days
Client – Digital regulatory information, consultancy and training company V Debtor – Shipping Company
We were instructed to recover a commercial debt against a shipping company for a principal sum of £5,970.88. Under “The Late Payment of Commercial Debts (Interest) Act 1998” our client was also entitled to claim interest, compensation and reasonable costs to the sum of £1,637.52.
Our recovery process for international cases is the exact same process as our UK recoveries, we take into consideration any language barriers and time differences, ensuring we are contacting your debtor at the best time in order to gain payment.
Within 2 weeks we successfully recovered our client’s full principal sum plus additional interest, compensation and reasonable costs. This was fantastic result as the debt was over a year and a half old in which we were able to turn this around in such a short space of time.
The key to our international success is through our fast action process, we are immediately on the phone with your debtor and we have issued the relevant legal notice.
Our client also used our service free of charge as we collected all the related costs under the Late Payment of Commercial Debts Act 1998.
If you have any overdue or problematic accounts you would like to discuss, contact us today to see how we could assist you in recovering these debts. Call 01698 821468 or email [email protected]