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Consumer Debt or Personal Debt

Debt Recovery can deal with and collect what can be termed as ‘Consumer Debt’ in the same way as they collect ‘business to business debt’. People get themselves into very complex situations. We do not collect for multi nationals such utility companies, mobile phone, council tax debt and payday loan companies. What we refer to as consumer debt is if Mr. A loans Mrs. B money and it isn’t returned. Often relationships break down and boyfriend demands money back from girlfriend and visa versa.

The collection principals are the same as with business to business debt. We approach the debtor giving them every opportunity to settle or come to an agreement. If no agreement is reached, you will be given the options that are open to us. 

As said before and on other pages found on our website. These matters can be extremely complex and involved. It is vital to give us the full facts enabling us to make an informed decision as to what legal process is likely to be successful without racking up extortionate litigation costs. There is nothing to be concerned about entering into the County Court process. The ethos of the small claims court is any matter under £10,000 carries minimal costs. The idea is to prevent the private individual or consumer being intimidated by the possibility of huge legal costs. The process would be either the bankruptcy route or if the matter is likely to be disputed the County Court system works very well although can be quite a slow process.

UK Callers: 01386 584005

e-mail: customer.support@debtrecovery.co.uk