Solicitors in Swansea.

DEBT RECOVERY SOLICITORS SWANSEA

If your business is owed money by customers or you have loaned money to friends, family or business acquaintances it can be extremely difficult and awkward to try to recover and many people are confused as to whether to use a debt collection agency or attempt debt recovery using solicitors. The perception is that using solicitors is more expensive, and we appreciate there can be advantages in trying other methods, but many debtors will pay without significant costs being incurred and will take the matter far more seriously if you instruct a solicitor. An approach to debt recovery services generally based on the following benefits clients:-

• Rapid assessment of whether the debtor can’t pay or won’t pay
• Is the debtor alleging a defence or counterclaiming?
• Is the position on the debt clearly documented and are you sure you can pursue the correct company, individuals or legal entity
• The value of the debt. Is it below the small claims threshold of £5,000.00
• Would the threat of winding up/bankruptcy be likely to result in payment
• The general attitude of the debtor. Is the debtor likely to simply ignore phone calls and letters from debt collection agencies
• The cost/benefit of instructing a solicitor

Our Debt Recovery Services

Swansea debt recovery lawyers create tailor made cost efficient debt recovery service for small debts, bulk debts or high value/high importance debts. Involving solicitors at an early stage tends to focus a debtor’s mind and indicates you mean business, often a critical factor in successful recovery. Other benefits are that we can:

• Pursue the debt where it may be difficult or inappropriate for you to do so
• preserve relationships with good clients by pursuing debts firmly but tactfully

Swansea debt collection solicitors have good success rates in recovery and use of sophisticated technology ensures an efficient and cost-effective service.

What does it cost?

We can generally provide fixed, affordable fees for smaller debts or repeat business. With larger debts and/or defended debts we ensure that clients retain control of each step of the proceedings, and consult with clients at each main stage of proceedings to reassess costs/benefits/risks of the current position.