Whether it is simply an overdue account or a difficult ‘hardcore’ debt, our debt collection division is specifically geared to retrieve your money as quickly and efficiently as possible. We undertake debt recovery services for businesses in the whole of the UK.
Debt Recovery Process
When you instruct us to recover a debt on your behalf, we will adapt our procedures in order to meet your commercial requirements. This could include you advising us of the type of approach to make to your customer, either ‘goodwill’ or ‘hard line’ dependant on whether future business transactions could be possible.
“The longer you wait for your money the less chance of recovery”
Our experienced debt collectors will use their negotiating skills and persuasive powers to extract payment and, where necessary, will initiate an instalment programme (subject to your approval) in instances where your customer does not have the means to settle the account with one payment.
Debt Collection & Legal Action
Where your debtors refuse to pay, we will suggest legal action if we feel that this is the most appropriate way forward, after taking the financial position of the debtor into account. We will not issue legal proceedings for bad debtors without your prior approval and only after advising you of the possible costs. In successful actions, the debtor will have to pay most of the legal fees, together with statutory or contractual interest. Throughout our debt collection activity, we will keep you fully appraised of progress at regular intervals on a ‘case-by-case’ basis. Should you prefer to avoid legal action, we also offer dispute resolution through our in house service.
All our debt recovery work is conducted on a ‘no collection – no fee basis’ (excepting disbursements). Our charges are based on successful recovery and we charge a commission on the amount of debt recovered at a pre-determined rate, as per our terms of business.
For more information, please contact Mr. Shahazad Chughtai, our Debt Recovery Manager, on 020 7242 1666.
Farani Taylor helped my wife and I gain entry clearance into the UK. They are extremely honest and I always felt happy that my application was in good hands.Mr. M. Dogdu
Farani Taylor helped my parents' application for settlement in the UK. They offer a very personalised and professional service. Their team of solicitors and advisors are approachable and I would strongly recommend Farani Taylor to a friend. The reason is that they know their stuff and want to help you out.Dr. Sarim
I appreciate the most that I have been provided with the right legal advice and my file was really cared for. I would definitely recommend Farani Taylor because I was directed rightly and received a good result in a really short time.Mr. H Erkol
I appreciated the care and concern with which Farani Taylor dealt with the case and the personal attention Farani Taylor provided. That the case was a success is very much due to your thoughtful and meticulous piecing together of the evidence and the care and consideration that went into it. Thank you very much.Ms. Vinita Damodaran