Free Debt Collection
There is a quiet revolution happening in the recovery of legal costs where it is necessary to take court action against a debtor. Due to a small change in regulations, the debtor is now liable to pay all costs of default proceedings. What this means for you is 100% free debt collection on successful recovery with Thomas Higgins Limited.
Under the Late Payment of Commercial Debts (Interest) Act 1998 you are entitled to claim back the costs involved with recovering your debts. Our Late Payment Demand letter not only instructs the debtor to pay the debt owed within 7 days, but enables you to recover the costs of using our services at various stages of the collection process. Therefore by choosing Thomas Higgins Limited for your debt recovery, there is no need for you to be out of pocket for chasing money that should be yours anyway. With a successful claim, not only are our costs covered, but as we don't charge commission or a percentage, you will receive all of what is retrieved from the debtor and at no extra cost.
Wait! That’s not all. By sending one of our Late Payment Demands to your debtor you are also able to claim compensation and additional interest on each of your outstanding invoices. You are entitled to claim £40 to £100 in compensation per invoice and interest at 8% above the Bank of England's base rate, all in addition to the original debt amount and legal costs.