Recovering A Debt From Scotland
Recovering A Debt From Scotland
Clients withholding payments is an issue for any limited company, small business or self-employed person.
Most businesses have invoice payment terms that are between 14 days, 30 or 60.
If a client ignores these and the invoice becomes overdue, it can become an unwanted headache for any business owner.
Most companies take proactive measures in order to prevent debt from occurring.
These steps include adding a charge for payment if it is made late.
Some businesses sometimes small discounts if invoices are paid ahead of time.
A common mistake people make is thinking that a different legal jurisdiction makes it far more difficult for recovering debt in Scotland.
A great number of English debt collection solicitors believe that court action in Scotland is a challenging process.
Whilst this can be true in some respects, it is not always the case.
Some also make the common mistake of thinking that any action to recover a debt will be very expensive as a result.
They think they need to appoint a Scottish solicitor for any debt recovery matter.
However, the truth of the matter is that this is not the case at all.
In the right hands recovering a debt from Scotland can be quite a simple procedure.
In this article, our debt collection experts explain the finer points regarding recovering a debt from Scotland.
Recovering a Debt From Scotland – Should You Use A Debt Recovery Agency or Debt Collection Solicitors?
When faced with the issue of debt recovery, many businesses choose the option of raising an action through the court systems.
Whilst this can be a valid method, it often proves too expensive in both time and money.
Many solicitors charge high hourly rates for their services, and court cases can last for months.
With this in mind, many companies that are owed money are seemingly left with few options.
The cost of enforcing the debt may add up to a value more than that of the debt itself.
This leads to many businesses writing debt off, which should never be an option.
A professional debt collection agency can provide an effective service with many benefits.
For example, the enforcement of debt can be recovered more promptly and will incur a lower cost.
As well as this, they can provide services such as dispute resolution and mediation for any debt recovery cases.
Federal Management is one such debt collection agency, and since 2004 we have helped companies in recovering a debt from Scotland.
Recovering a Debt From Scotland – The Benefits of Instructing a Professional Debt Collection Agency
There are many benefits to instructing a commercial debt collection agency such as Federal Management.
It is a simple fact that less than 1% of the debts Federal Management recover are done so without the need for any form of court or legal action.
Also, we have an average recovery rate of 90% of all undisputed business debts, one of the leading rates in the UK.
The reason for this is because we are not fee earners and our sole objective is to recover your debt as quickly as possible.
Scotland has Sheriff Offices Courts as opposed to the county court system used in England & Wales.
Despite this difference, the pre-legal strategy we employ remains the same.
We opened a Scottish office in 2017 to support our existing debt recovery operations in Scotland.
This has bridged the gap between the jurisdictions of England & Wales to that of Scotland.
We are efficiently able to assist both English and Welsh companies and private individuals seeking to recover money owed from debt in Scotland.
We can also assist any Scottish companies or individuals with recovering debt from Wales or England.
As always, we offer a free pre-action assessment with any case we take on, whether it be a single debt instruction or a portfolio of debts.
Our intelligence databases allow us to check the financials of companies across the United Kingdom and we can advise on the realistic prospects of a full and successful recovery.
We are a leading solution for commercial Scottish debt collection across the UK.
We have already recovered millions of pounds this year for our clients with our exclusive and fully inclusive, no collection – no costs service.
Key Points of Our Award Winning Services Are:
- No Collection – No Collection Costs to pay
- Fast track service with same day action
- Free initial assessment plus Debtor investigation
- UK’s lowest Commission rates from as little as 6%
- Fully inclusive Pre-Legal service
- Field Collection Agents to visit Debtors
Are you owed money from a company or need help recovering a debt from Scotland? If so, it really can pay to speak to one of Federal Management’s friendly experts today.
It costs nothing to have a chat and our honest and frank appraisal of your debt will leave you in a far better position. With this knowledge, you will have all the information needed to decide your next course of action.
Speak to one of our friendly debt collection experts now and take the first step towards recovering your Scottish debts.
Common FAQs about Recovering debt from Scotland
Can you recover debts from all parts of Scotland?
Yes, we are able to provide Debt Collection across the whole of Scotland via our appropriately located Scottish Debt Collection office. From the Hebrides such as Isle of Lewis to the borders areas such as Dumfries and Galloway.
Is there any extra charge to recover a debt from Scotland?
No, we provide the same comprehensive service for recovering a debt in Scotland as with so in England, Wales and Northern Ireland.
Can you enforce an English CCJ in Scotland?
To enforce a CCJ awarded in England in Scotland, it must first be recognized by the Scottish legal system. The Recognition and Enforcement of Judgments (Reciprocal Enforcement) (Scotland) Regulations 2007 provides the legal framework for this to happen.