Debt collector
- Thread starter kieran
- Start date
Have you served them with a letter detailing what charges you will be applying and how much interest you will be charging?.
We send the following letter with the attached guidelines.
This normally does the trick, but on a couple of occasions we just moved to the next stage where our solicitor issued a notice of a claim in the small claims court.
We send the following letter with the attached guidelines.
Code:
RE Unpaid Overdue Invoices Totalling £1228.70 inc VAT 08/04/16
The following invoices are overdue for payment.
Ref Details Amount Days
2402 xxx xxxxxx xxxxxxxxxxxxxxx £1228.70 days 94
Despite our previous correspondence, the above invoice is still outstanding.
Please pay now.
If payment is still outstanding by close of business Monday, we will unfortunately have to charge you as follows:
Administration charges based on the amount outstanding
Overdue Amount Administration Charge
Under £1,000.00 £40.00 + VAT
£1,000.00- £9,999.99 £70.00 + VAT
£10,000.00 + £100.00+VAT
Plus Interest at 8% over Bank of England published Bank rate. This will be calculated on a Daily Balance Basis from (date of invoice plus 60 days) until the last day of the month. Interest will continue to accrue on a daily basis, and will be invoiced to your account at the end of each month.
These charges are in line with the UK legislation under the EU Directive for the regulation of Commercial Debt. You can only avoid these charges by paying these invoices now. A copy of the implications of this legislation is enclosed.This normally does the trick, but on a couple of occasions we just moved to the next stage where our solicitor issued a notice of a claim in the small claims court.
If all else fails you can do the whole court process online and it doesnt take very long, i have used this service several times, it takes minutes to setup an account and 10-15 minutes to go through the forms to file a claim
Money Claim Online - Request Rejected
Once started its an automatic process, after the relevant time has passed you simply click a button to apply for judgement if they dont defend and if its over £600 you can send it straight to the high court for enforcement (think 'cant pay take it away') its never failed us apart from when doing it to a company who then folds but the costs are relatively low compared to the total outstanding amount
As above you need to go through the formal notice stage first, show them you are serious and give them an opportunity to pay
Money Claim Online - Request Rejected
Once started its an automatic process, after the relevant time has passed you simply click a button to apply for judgement if they dont defend and if its over £600 you can send it straight to the high court for enforcement (think 'cant pay take it away') its never failed us apart from when doing it to a company who then folds but the costs are relatively low compared to the total outstanding amount
As above you need to go through the formal notice stage first, show them you are serious and give them an opportunity to pay
In that case stick it to them, it irritates the piss out of me when people dont pay their bills, happy to get the work done but then dont want to pay for it
Far to often it seems like its people who have far more money than me, why cant they understand i have a T6 to modify i NEED that money !?!?
Far to often it seems like its people who have far more money than me, why cant they understand i have a T6 to modify i NEED that money !?!?
DO NOT use a lawyer.
We tried to recoup a bit more than that, I reckon the lawyer knew he wouldn't get it back but happily charged us not far off the amount the debt cost so we lost out twice.
Are they financially okay? Another "trick" seems to be liquidating the business to clear debts. Hateful but that's also happened to us.
We tried to recoup a bit more than that, I reckon the lawyer knew he wouldn't get it back but happily charged us not far off the amount the debt cost so we lost out twice.
Are they financially okay? Another "trick" seems to be liquidating the business to clear debts. Hateful but that's also happened to us.
Are they far from you?
I once had to collect a debt from a fruit and veg wholesaler in Glasgow market (we worked in the family firm for a bit selling bulk spuds!); Inside I was mildly cacking myself as it's quite a rough industry but I found the guy and demanded a cheque, trying my best to look like a Kray twin. I think I caught him on the hop but he wrote one there and then and it cleared.
I once had to collect a debt from a fruit and veg wholesaler in Glasgow market (we worked in the family firm for a bit selling bulk spuds!); Inside I was mildly cacking myself as it's quite a rough industry but I found the guy and demanded a cheque, trying my best to look like a Kray twin. I think I caught him on the hop but he wrote one there and then and it cleared.
The not so mad one.
My grandad was an East End market trader and very good boxer who won several medals; he trained with them quite a bit. Plenty claim they knew him but this is genuine.
He also seemed to make a suspiciously large amount of money from selling pretty awful clothes in a market. I'll probably never know the story's as he's long gone but I think it might have been a bit shady.
It was a pub i did the floors in . Now i fitted areas direct for the owner who paid right away. Then the builder asked me to do some latex work . i did it , then i found out the company was only 12 weeks old , basically this was their first job and it was going tits up ! I think he may have fell into the overspend trap straight away so i'm unsure of their financial position . He answered an email a few weeks ago to let me know he was on holiday and he would sort it when he got back , now hes ignoring my emails ! Ill give it another week and then move forward if needed .
Could be an expensive lesson in always credit checking and getting some watertight Ts and Cs sorted.
My dads in the industry and has been stung far too many times. Always feels odd being asked for advise from him!
My dads in the industry and has been stung far too many times. Always feels odd being asked for advise from him!
I stopped credit checking years ago after a so called rich company went belly up on me . Nearly lost my house that time. as it stands the costs are only 300 quid to me so not the end of the world , its the principle of it.
I'm in the same business @kieran and have had a few non payers. The first was for £20k and builder had gone bust so I had to kiss goodbye to that one.
Since then I've had about three up to the amount you're owed, I use Thomas Higgins who are an online solicitor - for £3 they send a nasty letter which worked for me a couple of times.
Most recently though the "customer" contested the case (with a completely made up cock n bull story about me laying the floor without their permission!) so Thomas Higgins washed their hands of it and passed the file back to me to pursue through small claims.
Which I did as a matter of principle but after the case being transferred to my local court nothing has happened for 3 years despite some emails from me asking what the hell was going on.
So the system doesn't always work unfortunately.....
Since then I've had about three up to the amount you're owed, I use Thomas Higgins who are an online solicitor - for £3 they send a nasty letter which worked for me a couple of times.
Most recently though the "customer" contested the case (with a completely made up cock n bull story about me laying the floor without their permission!) so Thomas Higgins washed their hands of it and passed the file back to me to pursue through small claims.
Which I did as a matter of principle but after the case being transferred to my local court nothing has happened for 3 years despite some emails from me asking what the hell was going on.
So the system doesn't always work unfortunately.....
