Debt Recovery Letters – Bridge Newland

As an alternative to a debt collection company or a solicitor, Bridge Newland based in Rugby, Warwickshire, in the Midlands area can assist you with debt recovery by issuing strict legally worded letters to your customers demanding immediate payment of overdue debts.  We charge a flat sum of £50 plus VAT per letter for this service.

Debt Collection Support

Our experience of debt collection is often with the defaulting debtor who has sought our insolvency advice and from this experience we have found that legal letters to a debtor from an Insolvency Practitioner can often result in payment where others might fail.  This is due to the fact that the debtor becomes aware that as you have needed to contact an Insolvency Practitioner for advice and assistance, then the result of their continued non payment could mean a formal insolvency for you and their contacts being terminated or works being incomplete.

It should however be noted that this can also work the other way and cause a debtor to withhold payment indefinitely or end a working relationship and therefore care should be taken when deciding whether this action would successfully result in payment and cause no hindrance to your trade.  Contract terms with the debtor should be checked for causes of breeches to the contract and all information should be provided when this option is being considered.

Should you feel that a letter from this office would not be the most beneficial to you then we can also help advise you on what actions are available to you and what you can say in your own debt recovery letters therefore get in touch with us on our free phone line on 0800 612 6197 and we would be more than happy to help.

We also work with a number of debt collection partners therefore if not suitable for us to chase then we will recommend someone who will.