Creditors Debt Management Debt Recovery 
Hudson Weir
JANUARY 10, 2025
One legal procedure such a creditor can consider is to send a formal letter before action. In this article, well take a closer look at debt recovery options, including the role of a letter before action also known as an LBA or letter before claim. It is often the creditors last attempt to resolve the situation amicably.
Hudson Weir
DECEMBER 10, 2024
Again, one legal mechanism a creditor can consider when in such a situation is a charging order. In this blog, well take a closer look at the debt recovery options, including charging orders. If none of these processes are successful, creditors are entitled to consider enforcement measures, including charging orders.
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Qualco
MAY 11, 2022
How does segmentation improve the debt recovery process? Grouping customers according to common characteristics and behaviours helps businesses that deal with debt focus on high-risk customers that are less likely to pay at their time instead of contacting customers who will pay on time. It facilitates resource allocation.
Hudson Weir
JULY 25, 2022
The Limitation Act 1980 stipulates the manner in which a creditor can recover a debt. But when it comes to the timeframe within which a debt can be reclaimed, there is variation according to the method of debt recovery and the type of debt. How to find out if a debt is statute barred.
Taurus Collect
JUNE 12, 2023
Alternatives To Court Dealing with a debt collection agency can be stressful and overwhelming. However, there are alternatives to court that can help you settle your debt. One option is debt management plans, which allow you to make affordable monthly payments to your creditors.
Debt RR
AUGUST 3, 2020
When a creditor or a government authority sues a business or individual for an unpaid debt, one of the options for settling is for the court to give the creditor the right to pull the funds from a bank account. This debt can include anything from credit cards to past due balances on office space. Writ of Garnishment.
Fico Collections
NOVEMBER 3, 2022
Research by FICO shows that customers who entered collections exclusively as a consequence of the economic downturn, before going through the full debt recovery cycle, had a dramatically different return to financial good (RtFG) of nine months, compared to the 2.5 Societal expectation of creditor support.
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