How long shall I give my debtor before transferring the debt over to Harley Legal & Collections Ltd?
A. When it comes to debt collection, time is of the essence. We strongly recommend that you use a debt recovery company as soon as you sense even the slightest problem. The reason for this is simple, if you have money owed to you, chances are the person or company avoiding payment has cash flow or financial problems of some sort. The debtor will obviously pay the most important payments first while leaving the less pressing ones last. Our job is to make sure the debtor will pay YOU first before their other creditors and before it becomes too late. Its a well known fact that 1 out of 3 small business fold in the first 2 years of trading in the UK and it is sometimes too late to collect anything. You could end up LOSING ALL YOUR MONEY. Time is the single most important factor of Debt Recovery and we urge our clients to stop thinking about it and simply submit the debt immediately. After our commission, receiving 85% of your monies back is obviously better than getting 0% if you leave it
