Financial institution with regulated/unregulated agreements
Recovering a debt from an individual can be difficult. On the face of it, your debtor may appear to have few assets. However, we offer the following services to aid your recovery success:
- Consumer credit debt
- Vehicle repossessions
- Heritable repossessions
We can recover assets which are regulated under Consumer Credit Legislation. This includes vehicle repossessions and heritable repossessions (freehold), all maximising the chances of making a successful recovery. For example, our property searches allow us to ascertain if your debtor owns their own property and we can gain an indication of the property's value. For vehicle repossessions, we can determine the registered keeper of the vehicle and whether the vehicle is subject to any finance. If the vehicle has been purchased on Hire Purchase, moves can be made to repossess the car.
Therefore, through experience, we have found that your debtor may well have more assets than first thought.
Often with debtors, every other avenue yields few results and the best option for you to recover your money is to instruct us to initiate bankruptcy proceedings against your debtor. Click here for more information.
Worried about your debtor's solvency?