Debt recovery solicitors Coles Miller have been congratulated yet again after gaining £20,900 in payment and interest for a commercial client – on a £13,400 debt.
Coles Miller secured a court judgment in favour of the client (a building supplies company) then pursued the debtor with tenacious efficiency.
The debtor had to pay back the debt in regular £500 instalments or face losing his home.
It has taken him six years to clear the debt which accrued interest at a rate of 8.0 per cent plus the Bank of England base rate.
So Coles Miller’s delighted client was repaid every penny he was owed plus an uplift of around 56 per cent.
Coles Miller Debt Recovery Manager Eric Holt said: “Some people think it is expensive to recover debts but it isn’t if you use a specialist with expertise and experience.
“Without expert help you may win a County Court Judgment that you later find hard to enforce – but we are very good at enforcing judgments, as this case shows.
“This case also sends a clear message to debtors: pay promptly – if you don’t, it will be much more expensive for you in the long run.”
The client said: “Eric Holt has handled every bad debt for us and always delivers a positive outcome.
“I have no hesitation in recommending Coles Miller who we are very happy to use when we need assistance with recovering unpaid invoices.”
Coles Miller has offices in Poole, Bournemouth, Christchurch, Broadstone and Wimborne.
Its Debt Recovery Department helps clients all over the country with matters including outsourced credit control, building disputes, rent arrears, repossessions, tracing debtors, sending letters before action, issuing court proceedings, issuing and serving statutory demands, winding up proceedings against limited companies and bankruptcy proceedings against individuals.
For more information, please contact Coles Miller Debt Recovery Manager Eric Holt, 01202 355695.
