Debt collection is never easy, but as a result of the coronavirus outbreak, many people and businesses are racking up debts and avoiding paying what they owe. While businesses in the UK struggle to keep their heads above water, others are using the coronavirus outbreak as an excuse to avoid paying what they owe. If you are having problems with a single person or business, or where you have a number of outstanding debts, traditional debt collection may be the only route forward to ensure you keep your business afloat. Good debt collection agencies use a number of traditional debt collection methods, because it gets the best results.
Trying to recover debt using letters or emails can be fruitless, and while you have likely gone through this process you may not have gotten the results you expected. Face-to-face recovery could help you get back on track. Many people attempt to use online recovery services such as Money Claim Online, but these methods have a very low success rate. The issue is that often the debtor will have moved, and without the help of debt collection investigators it may be impossible to track them down and recover the money owed to you. Even pursuing a debt in the Small Claims Court can be challenging, time consuming and leave you getting only a small sum of money each month – even where the debtor has significant assets.
Also, where you take your debtor to court even where you win your case you may still not get what is owed to you. A successful court case merely gets you a piece of paper, which states the debtor must pay you the money owed – you may still need to take action to enforce the court judgement.
As a result of the coronavirus pandemic, the courts are suffering significant delays and it could now take months or even years to get a court judgement, then even longer to enforce the judgement. At present, it is estimated to take around 16 months to have your action heard in court. You can save time and money, by simply utilising the skill and experience of a professional debt collection team to get results.