How Quickly Will I Get My Money?
A: Often it can be quick, but it will depend on your particular circumstances. Often our initial letter will yield a good result but sometimes other factors emerge such as:
• The debt is disputed
• The debtor moves away or goes into receivership, liquidation, administration
• The debtor actually has no money
• The correct identity cannot be established
• The debt is very old
With slow payers, it pays to take action as soon as possible, otherwise you may find that you were too late. Very often slow payment is due to cash flow problems. So, if a debtor has only £5,000 but owes £25,000 worth of bills, they will usually pay the people that don’t ‘let them off the hook’.
Our advice then is not to let the money run out. Once you employ our services they should realise that it is in their own interest to resolve the matter and also that you are serious about recovering your money.