Free Debt Recovery. Here’s How We Achieve Free Business Debt Collection
Veritas Legal free debt recovery uses the powers of the Late Payment of Commercial Debts (Interest) Act 1998 to recover business debts free of charge. Put simply, your debtor should bear the costs of any debt recovery or legal action.
You instruct Veritas Legal UK free debt recovery to recover a commercial debt from a business customer. We add late payment interest and compensation to the debt amount, which the debtor pays. The compensation and interest is our fee, leaving you with the original amount you claimed from the debtor, less the VAT on our fee. Last year, over 93% of our cases were settled this way using free debt recovery services.
If the debtor doesn’t pay after you instruct us, we can instigate court action under the Late Payment of Commercial Debts (Interest) Act 1998. This is the point when costs will be incurred. Before we do anything we’ll let you know the costs of continuing debt recovery action. No costs are incurred without your express authority, so you remain in total control. We make every attempt to recover these costs as part of our debt recovery services.
Your debtor may dispute the debt. If you choose not to instigate court action, or the debtor is unable to pay, our initial letter before action, and all associated contact with the debtor, is completely free of charge. You incur no charges whatsoever.