There are multiple options for anyone needing to know how to claim for a debt owed, mostly in the form of debt recovery agencies, debt recovery lawyers, or a legal debt recovery assistant. You can even try and recover the debt by yourself using letter templates found online.
Let us look closer at the various options to help you learn how to claim a debt owed.
Debt Recovery Lawyers
Debt recovery lawyers or solicitors will undertake much of the same actions as a debt recovery agency but will also be able to represent you in court should the debtor dispute the debt or refuse to pay.
However, solicitors are much more expensive than hiring a debt recovery assistant, with the extra cost often not worthwhile as most debts will be repaid before court action is necessary. Should the case indeed end up in court, then a solicitor can be hired for that part of the process only, significantly reducing your costs.
Recovering The Debt by Yourself
You can find letter templates online to write your own ‘letter before action’ to send to the debtor. The problem with this method is that the debtor may not take this seriously as you have no legal experience or professional help.
Without the legal help, it is also easy to make mistakes which invalidate the letter.
A Debt Collection Agency
A debt collection agency can be hired to collect the legal debt, although it should be noted that they do not have any legal power like a solicitor or debt recovery lawyer. You would usually hire such an agency before taking the debtor to court.
If the agency is unsuccessful in recovering the debt, then you will need to write a letter to the court yourself or hire someone to do it for you.
Debt Recovery Assistant
Also known as a legal administration assistant, a debt recovery assistant from Pride Legal Recovery costs only £60 and will take care of the paperwork that needs writing in order to recover a debt. The process is professional and yet inexpensive, and you receive the full support and legal expertise you need to recover the debt quickly and at a low cost.
Contact Pride Legal Recovery
Dealing with overdue debts can be a stressful and time-consuming process, but you do not have to go through it alone. Our experienced legal administration team is here to support you every step of the way. Give us a call at 001733 838552.
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