Can debt collection agencies charge fees?
Bailiffs (also called 'enforcement agents') can charge fees for collecting your debt. They can charge you for writing to you and visiting you, as well as some of their expenses, for example court fees.
What is the debt recovery procedure?
Recovering overdue payments
- Send a friendly payment reminder. ...
- Send an overdue payment reminder. ...
- Send a final notice. ...
- Try to make direct contact. ...
- Send a formal letter of demand. ...
- Consider using a debt collecting agency. ...
- Get help with dispute resolution. ...
- Invoice customers efficiently.
How can I recover my debt UK?
Use a mediation service, go to court, send a statutory demand or make someone bankrupt if a person or business owes you money.
- Mediation. ...
- Court action. ...
- Make an official demand for money you're owed. ...
- Get money you're owed from a bankrupt person or a company that's being liquidated.
How do I write a debt collection letter?
A debt collection letter should include the following information:
- The amount the debtor owes you.
- The initial due date of the payment.
- A new due date for the payment, whether ASAP or longer.
- Instructions on how to pay the debt.