When you need the process of debt collection to be simple and effective, our letter driven process is the perfect solution.

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Let us take the strain and ensure that the process is straightforward – with your agreement on how you’d like it done!

 

With a straightforward fee structure, which is tailored to your business, this is an effective method of maximising customer engagement at the earliest possible stage.

Seven Day Demand: There is a legal requirement to give this notice for any overdue debt and in most cases, this is enough to prompt the debtor into paying what they owe you. Morley & File would be able to help you with this. However, if the debt remains still outstanding, and once the formal 7 day period has timed out, you can choose to instruct us to proceed with sending a “Letter Before Action”.

Letter Before Action: We send a formal letter to the debtor warning of court action if payment is not received; this letter will state all charges and legal requirements for the debtor to follow – and we endeavour to recover 100% of your owed money. To undertake this stage, we will need copies of any outstanding invoices and statements showing what is owing to you. Please be advised that there are different legal requirements for personal debt and limited company’s debt.

Where the debt is not paid or is paid late, the Act and Regulations 2002 & 2013 allow you to charge interest at the annual rate of 8% above the base rate for each day your debt overdue.

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The Approach

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The beauty of letter driven debt recovery is in its simplicity. With a cost-effective fee structure, and with straightforward engagement, Morley & File have the ideal method to secure your funds quicker and smoothly. 

Having understood your requirements, Morley & File will offer the best strategy to get results. Our first recommendation is always to get the conversation started as early as possible – your customers are more likely to pay seeing that you mean business!