Selecting the best debt recovery solicitors to assist your business can be a hard process. There is lots to think about,and too many firms make the mistake of prioritising cost over all else. Of course,it is important to stay within your means,but there is one key thing that is worth investing a little more in: experience.
Experience is a priceless asset that can only be gained over time. There are no shortcuts to gaining experience; it takes hard work,commitment and an investment of years of your life to become a seasoned professional in the area of commercial debt recovery. Without experience,your representative will not know how to react when a problem gets thrown their way,and you could be left in a worse position than when you started.
Here’s why experience is so important in commercial debt recovery.
The appropriate strategy
There are many pitfalls in debt recovery. No two debts are identical,no two lenders the same,and all debtors are unique. This means there cannot be a one-size-fits-all approach. Thus a debt recovery firm that offers a service at a price that seems too good to be true may be skimping on some fundamental requirements. It takes time to fully understand the complexities of a case and everyone involved,and the right strategy can’t be rushed.
Experience is pivotal in this issue. An experienced debt recovery solicitors will know how to handle a situation with the necessary tact. Debtors don’t always help,and debt recovery can quickly turn bad. It’s essential to be represented by people with the experience and training to stop an escalating situation in a professional way.
Technical knowledge
Experience brings a technical understanding of the process of debt recovery that can’t be learnt in the classroom. Knowledge of the appropriate legislation that governs debt recovery ensures quality of service and proper representation for your company. When you are checking out a debt recovery solicitor that you can trust,your main focus should be experience,and that is exactly what you get with Land & Co. Solicitors.
For example,did you know that your solicitor can claim up to 8% interest per year for you,under the County Courts Act 1984,section 69? You can also request late payment interest and compensation under the 2013 Late Payments of Commercial Debts Regulation Act. A professional commercial debt recovery firm will know all your entitlements,and which ones apply to your specific situation. When you choose to ignore experience,you could miss out on things you’re entitled to.
It really does matter
At Lane & Co. Solicitors we deal only in commercial debt recovery; it is our speciality,and we like to play to our strengths. We have recovered tens of millions for our clients,and have been working in the area since 1978,making us the UK longest established specialists in the recovery of commercial debts. When your business is owed money,you can’t cut corners on hiring someone to help you get what you are owed. Contact www.laneandcosolicitors.com – Land & Co.,today to enjoy the benefit of our decades of experience in a complex sector.