Recover money faster from delinquent debtors

The terms we write for you contain the ‘teeth' needed to pursue reluctant debtors either through your own collection efforts or through us. This will increase the chances of a faster and more successful collection of outstanding invoices owed by late or non-paying debtors.

Data Protection Act clauses

The clauses we will recommend that you include in your new terms under the Data Protection Act heading will disclose to your clients how their personal and business information may be used. Our wording will give permission to both you and EC Credit Control to perform credit checks on your new and existing clients.

In practice, an enquiry from a debt collection company is really the last thing your debtor wants on his credit file as it could damage their ability to secure funding or trade credit in the future.

You can use this leverage against debtors who are late to pay the money they owe your business.

Occasionally, you will encounter a debtor who says ‘go ahead mark my file as I already have a CCJ against my name and another is not going to make a difference'.

In this situation you or your collectors need to get more serious. You can do this by leveraging a powerful set of clauses under the Security and Charge heading.

Security and Charge clauses

By agreeing to this clause your client agrees that you have the right to take a registrable mortgage or charge over any land or real property they may have to the value of the goods or services that your business has provided.

By threatening to take a charge over your debtor's assets, you can bring even greater pressure to bear on your debtor. Obviously care is required to bring these powerful clauses into play at the right time. EC Credit Control will show you how.

So in addition to knowing who your client is and having a clear and legally enforceable agreement in place, the extra leverage afforded by EC Credit Control's terms will give you real options in case any of your clients become reluctant payers.