Our skilled team can help and advise you along the way and ensure that you spend your money wisely.
If you need help recovering your debts or you want to find out more about the services we offer, get in touch by calling 0330 024 6342 or sending us an email to enquiries@legalrecoveries.com
Pre-legal consumer debt collections – commission only
We can offer our clients a commission only fee based service for chasing pre-legal debts. Our fees are only payable if we successfully recover money for you. The commission rate depends on several factors such as type of debt, debt value and the age of the debt. For our pre-legal commission rates, please contact the Business Development Team on 0330 024 6342.
Please note that all new clients are subject to a one-off client take on fee of £149 unless 5 or more debts are referred to us in the first instance.
Example range of charges for a business to business debt that is undisputed
These costs apply where your claim is in relation to an unpaid invoice for a UK consumer which is not disputed and enforcement action is not needed and that it has not already gone through collections process with another provider. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.
| Debt Value £ | Pre Action Letter Charge £ | Our Legal charge for the issue of the Claim Form £ | Our Legal charge for entering Judgment £ | Court Fee £ |
|---|---|---|---|---|
| 25-300 | 75.00 | 50 | 22 | 35 |
| 300.01-500 | 75.00 | 50 | 22 | 50 |
| 500.01-1000 | 75.00 | 70 | 22 | 70 |
| 1000.01-1500 | 75.00 | 80 | 22 | 80 |
| 1500.01-3000 | 75.00 | 80 | 22 | 115 |
| 3000.01-5000 | 75.00 | 80 | 22 | 205 |
| 5000.01-10,000 | 75.00 | 100 | 30 | 455 |
| 10,000.01-200,000 | 75.00 | 100 | 30 | 5% of debt claimed |
Anyone wishing to proceed with a claim should note that:
The VAT element of our charge cannot be reclaimed from your debtor.
Our charges are exclusive of VAT.
Interest and compensation if applicable may take the debt into a higher banding, with a higher cost.
Commission fees also apply on monies recovered and are varied by the type and volume of cases.
The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt. Other methods of enforcement are available and we can provide bespoke advice and guidance as to the most effectively course of action in the circumstances.
The costs do not include trace or search charges. These are additional services we offer. We can discuss these services and associated costs with you further if required. We also offer alternative methods of debt recovery such as statutory demand and insolvency proceedings.
The claim form court fee is based on us using the County Court Bulk Processing Centre which is limited to claims of 5 invoices or less. Should the invoices exceed 5 then we will issue the Claim Form through the County Court Money Claims Centre, Salford.
If the other party is a consumer there are additional pre action requirements and accordingly costs/timescales will differ.
Our fee includes:
Taking your instructions and reviewing documentation
Sending a letter before action
Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim and entering judgment.
If payment is not received providing you with advice on next steps and likely costs.
Matters can take up to eight weeks from receipt of instructions from you to receipt of payment from the other party, depending on whether or not it is necessary to issue a claim. This is on the basis that the other side pays promptly on receipt of Claim Form or Judgment. If the case is defended or enforcement action is needed, the matter will take longer to resolve.
All court proceedings will be supervised by our Head of Dispute Resolution, Gaurav Singh (his bio)
Head of Dispute Resolution
Gaurav is the designated supervisor for Dispute Resolution and oversees the team to maintain the high standards our clients deserve.
It remains business as usual for the team at LRC Ltd, however as Coronavirus spreads, we would like to update you on what we are doing to minimise any potential disruption and continue to provide you with the service you expect from us to support you.
We already have a business continuity plan in place for such an event and have reviewed this in light of Coronavirus. As part of our plan, we are:
• Following the Government guidelines to reduce the risk of infection and spread of the virus
• Using video/phone conferencing wherever possible to remove the need for face-to-face meetings and travel
• Identifying vulnerable employees and checking travel plans
• Many of our staff already have the facility to work from home and we are extending this to more staff where possible
• Phones are easily diverted and we can operate from a number of locations
• Briefing all our staff on how to reduce the risk of infection to themselves and the people they come into contact with.
If you would like any further information or have any questions, please contact us on
0330 024 6350 or send an email to compliance@legalrecoveries.com