FREE Commercial Debt Recovery Agency

At Advocate Commercial Debt Recovery, we believe that you should not have to pay a single penny to recover payment of invoices that have not been paid for on time, and the Government agrees with us! Creditors are provided with a statutory entitlement to claim debt recovery costs under The Late Payment of Commercial Debts Regulations 2013. When you instruct our debt collection agency, we claim the debt recovery costs from the debtor on your behalf in addition to the principal invoice sums you are owed.

We claim Debt Recovery costs from the Debtor

The costs we claim from debtors are legally enforceable under current commercial late payment legislation. This enables us to offer a completely free of charge to the creditor service. Creditors are not required to pay any costs or charges to instruct us, and there is no fee or commission to be paid once we recover payment. Creditors receive 100% of the money they are owed and a free commercial debt recovery service, and debtors pay 100% of the costs and charges.

If your invoices have not been paid and the debtor is ignoring your attempts to recover payment or is making up excuses to delay payment, there will no doubt be other creditors who are chasing the debtor for payment and who are receiving the same treatment. In most cases, the reason for this behaviour is simply that the debtor does not at present have enough money to pay all of its creditors. The debtor will be prioritising which creditors get paid first and usually. They will be the creditors that are the first to take debt recovery action.

Your invoices will be first in the queue for payment

Advocate’s debt collection agency process is all about getting your invoices to the front of the queue for payment as quickly as possible. As soon as we contact the debtor, they will be in no doubt that you are serious and that you are no longer prepared to be ignored or listen to their excuses.

In the vast majority of cases, being put on Notice of intended legal proceedings by Advocate Commercial Debt Recovery will be enough to elicit a response from even the most unresponsive debtor. Experience has equipped us to deal with even the most sophisticated or fervent of excuses for non-payment, and our determination and persistence in educating the debtor on the serious consequences of legal proceedings results in payment in over 80% of the instructions we undertake.

Instructing us takes just a few minutes using our online account referral form. Enter your details and the debtor’s details along with a brief description on the nature of the debt and how it occurred. We will commence action as soon as we receive your completed instruction form and copy invoices. Initially, we will analyse the debtor’s credit profile and credit rating to determine the most appropriate course of action.

• Have any other creditors taken debt collection action against the debtor?
• Are there any County Court Judgments registered against the debtor?
• If so, have they been satisfied?
• Does the debtor have any mortgages or loans?
• If so, are they in Default?
• Are there any Debentures registered against the debtor?
• Do the debtor’s latest accounts indicate that they have the financial ability to settle your debt?

Don’t worry. We have access to the latest commercial debt recovery software and real-time information that will answer all of the above questions and more in just a few minutes, providing us with a detailed debtor profile and course of action to follow.

Negative cash flow is the cause of most late payments

Whilst we are proud of our information systems and search capabilities, we are also transparent. Therefore, we are pleased to advise you that in most cases of late payment, few of the potential questions we have highlighted above will be relevant. Late payment is almost exclusively due to cash flow constraints and debtors juggling their financial commitments.

A debtor’s credit rating and ability to obtain credit will be affected within days of a Judgment being registered against them. Should the debtor satisfy the Judgment within 28 of it being registered then they may apply to have the Judgment removed from the Register. If a Judgment is removed from the Register, then the debtor’s credit rating will be restored. If the debtor satisfies the Judgment after 28 days, it will be filed as satisfied. However, the effect on the debtor’s credit rating will last for six years.

Cost-effective Enforcement by High Court Officers

Despite the serious financial consequences of a Judgment, there is no guarantee that it will be paid. Unfortunately, many are not, and Enforcement may be required. Enforcing Judgment is the final phase of the debt recovery process. There are several options with the most often used and usually, the most cost-effective option being the instruction of Bailiffs or as they are now titled High Court Enforcements Officers.