Debt Interest Payments Uk

And you chasing payment for outstanding debt as well as interest on top of the late payments from commercial clients in the UK who have thus far proved unwilling to pay for goods or services that they purchased from your company? Then you may benefit from the expertise of the dedicated debt recovery team at Michael Lewin Solicitors as our experienced professionals could use their vast knowledge in this particular field to provide swift and cost-effective debt recovery solutions that is tailored to your company’s needs to obtain the payment that you are owed from business debtors.

The initial step of debt recovery that will be taken by our solicitors will be the issue of a Letter of Action or Late Payment Demand to the debtor requesting that the outstanding debt be settled by a certain date. The Late Payment Demand is used as an alternative of the Letter of Action in cases that qualify for interest compensation and reasonable costs to be claimed from the commercial client who has failed to make payment on time. They must have purchased goods and services from you for business purposes in an agreement that did not contain any provision for interest on overdue invoices in order for you to be able to charge interest and compensation. Reasonable costs can be charged orders placed after 16 March 2013 in cases where the compensation does not cover the costs that you have incurred for the retrieval of the outstanding funds.

The interest is charged at a rate of 8% above the Bank of England base rate and compensation raging between £40 and £100 is claimed for each unpaid invoice depending upon the about that is outstanding.

Are you seeking professionals who could help you recoup outstanding debt as well as interest on top of the overdue payments from business customers in the UK? Then look no further than the debt recovery specialists at Michael Lewin Solicitors who could use their experience in this field to help you secure payment in full as quickly as possible for non-paying commercial customers as well as claim interest and compensation on top of the outstanding balance.

The debt recovery specialists at Michael Lewin Solicitors were recently contacted by a client who required assistance with the retrieval of outstanding funds of £750 from Mr B in Uxbridge.

Do you require the specialist services of our debt recovery team to assist you the retrieval of outstanding funds that are owed by non-paying customers to your company? Then don’t hesitate to get in touch with our extremely dedicated team today for a service that you can rely on to get the job done and be professional.

The highly skilled and resourceful professionals in our dedicated commercial debt recovery department at Michael Lewin Solicitors could work on behalf of your company to help you secure full payment of outstanding funds as well as interest on top of the outstanding payments from the business debtor who owes you money using the quickest and most cost-effective methods of data collection available in your particular circumstances; so call our helpful advisers today for further information on services available wherever you are in the UK on: (0844) 847 2323.


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