Overdue payment. Dept collection?

[Dagz]

Hi, A company owes me a few hundred quid and the payment is 138 days over due now. Every time I phone, which is once a week, they say they are broke and waiting on a big payment and will pay me next week. It's been months now, so... do I use a debt collection agency? Or phone them and tell them I will use one soon? They are a pretty big company so the money they owe me is so small compared to their turnover which must literally be millions. I feel really awkward threatening them, like, it'd feel like I'm in the wrong somehow.

 

[businessfunding]

Have you tried turning up at their premises, explaining you are a small business and rely on prompt payment to stay afloat?

If that fails, there are several pay on results collectors

Final recourse - courts...

 

[simon field]

Assuming you have paperwork to back up work done, etc i wouldn't waste time with debt collectors as they have no power.

Issue them a 14 day letter before action and if they don't respond use money claim online - get court papers onto their desk and see what happens.

I assume you won't be providing them with any more services OP?

 

[ITsoldUK]

Assuming you have paperwork to back up work done, etc i wouldn't waste time with debt collectors as they have no power.

Issue them a 14 day letter before action and if they don't respond use money claim online - get court papers onto their desk and see what happens.

I assume you won't be providing them with any more services OP?

Spot on Simon

DCA's can be as much use as a chocolate ashtray against a debtor who knows the system and how to abuse it.

The same could be said for the court process but at least you know you are complying with statute and the law of the land that 'some' (not all) DCA's do not.

LBA then SCC is the path I would follow.

 

[GRDCredit]

they say they are broke and waiting on a big payment ........ They are a pretty big company so the money they owe me is so small compared to their turnover which must literally be millions..

These two statements seems to contradict.

Can you PM me the name of the company and I will do a bit of checking and see which category they fall into - i.e. cant pay or wont pay

 

[businessfunding]

Spot on Simon

DCA's can be as much use as a chocolate ashtray against a debtor who knows the system and how to abuse it.

The same could be said for the court process but at least you know you are complying with statute and the law of the land that 'some' (not all) DCA's do not.

LBA then SCC is the path I would follow.

The key here is competent

A competent results based collector will not only attempt get you money, but they will find out a lot about the means and motivations of the client, which will help you to decide how to pursue action and whether you should deal again.

I or others on here can point you towards a competent collector.

A professional non-payer will tie you in knots in the legal system and take up a lot of time and money whilst you wait for an uncertain result.

 

[simon field]

The key here is competent

A competent results based collector will not only attempt get you money, but they will find out a lot about the means and motivations of the client, which will help you to decide how to pursue action and whether you should deal again.

I or others on here can point you towards a competent collector.

A professional non-payer will tie you in knots in the legal system and take up a lot of time and money whilst you wait for an uncertain result.

Whilst I do agree with your last statement, it really doesn't cost much or take long to get a claim form in front of a non-payer. Only then (IMHO) can you gauge what your next move should be, ie they file a defence if they have one, or they just ignore it.

For the amount the OP's talking about its around the £40 - £60 mark to get legal documents in front of them.

A debt collector without a court order can simply be ignored, or told to go away.