Frequently Asked Questions
How much does it cost.
Our debt recovery services start from 8% of any monies recovered covering mainland United Kingdom. Overseas recovery starts from 12%.
It is difficult to estimate how long a debt will take to collect. At Debt Collection Agency we believe in a staged recovery program. First contact requesting payment, second contact explaining what our further actions will be and our third approach will be to carry out those actions.
Can the debt recovery costs be added to the debt?
This will often depend on your terms and conditions. We at Debt Collection Agency often negotiate a payment plan with the debtor. In these cases we seek agreement for the debtor to cover all the collection costs.
Who pays the legal fees?
Where lawful and legally possible all costs are pasted on to the debtor. On occasions this action will depend on your terms and conditions.
Can we add interest to the debt?
The United Kingdom was one of the first European Union countries to implement late payment legislation, a statutory interest rate of 8% above base rate was introduced.
Yes a debt must not be over six years old.
What are the different debt collection methods used?
Each debt is looked at on an individual basis. Our debt collection process entails letters, phone calls, text messages, e-mails and personal visits. Followed by legal action if that is agreed to be the best solution.
When is legal action taken?
No legal action is ever taken with out your authority. If our first approaches fail we will contact you and discuss legal action costs and implications.
Is the money recovered sent directly to the client?
In most cases all monies recovered go directly to you the client.
Does Debt Recovery require a Credit Consumer License?
When dealing with commercial debt no license is required.
Is Debt Recovery is covered by a Data Protection License?
Yes, we are required to have our details logged with the Information Commissioner's Office. Our registration number is Z2267559.
- Money recovered by Debt Collection Agency, honest and straight forward - CEO Mirakal
- Debt Recovery collected where others failed, well done - Tom Martin Equestrian
- Would highly recommend 'Debt Recovery' - Champagne & Fine Wines Direct
- The debt was passed collection until "Debt Recovery" came on board - the debt has been recovered: Dan Sinclair - Mount Frost Group
- I have recently used Debt Recovery for my business I found them to be honest & professional - Recruitment Company
- “Debt Recovery were professional and effective. I would recommend Debt Recovery without reservation”- CARRATU
- Within 24 hours the money was recovered, very impressive - Better Training
- "Debt Recovery Partners have secured a 100% success rate to date" - Chairman, Powerful Allies.
- Not an easy collection, however from day one this company gave us great faith. Our money was recovered - KJS Industries
- After a number of failed attempts by others. Debt Recovery collected all our outstanding debts - www.dr.co.uk
- "Debt Recovery proved to be as good as their marketing says they are.”- Hyper Entertainment
- Found to be a highly professional Company, kept us up to speed every step of the way - resulting in payment! - Ashe Equipment
- Thank you for the recovery of the money owed. Your perseverance resulted in full payment - Sport & Spa
- Excellent service would recommend to anyone. Goes above and beyond to get the job done - Joelye Kennard
- We tried for a year, your actions were instrumental in getting full payment - Guild of Professional Estate Agents
- Consiglio vivamente Partner di recupero del debito Mapei-Costruzione
- Several old invoices collected by DRP. Highly recommended. Schools Wine Club
- Facile da trattare con grande comunicazione. Bezzera - caffè
- Our Data Protection No:Z2953608
- Easy to deal with, the whole process was quick and straight forward. SPR Aviation
- Facile à traiter. Très simple. Bien fait. Michelin Pneumatiques
- One of the least expensive but most effective debt collectors Zoosh-it
- From non-paying clients to paying clients, thanks to Debt Recovery Partners - Jewellary Company London & Cheltenham
- "We have no hesitation in recommending Debt Recovery Partners" - Payday Solution
- Debt Recovery Partners succeed where others fail
- "From start to finish Debt Recovery Partners thought outside the box"
PTS Shipping - London