Why your commercial debt recovery solicitor’s experience level is important
Choosing the right debt recovery solicitors to assist your company can be a hard process. There is lots to think about,and too many businesses 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 thing that can only be gained over time. There are no shortcuts to getting 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. If they don’t have the requried experience,your representative may not know how to react when a problem gets thrown their way,and you could be left in a worse place 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 low may be skimping on some basic requirements. It takes time to fully understand the complexities of a case and all parties involved,and the right strategy can’t be rushed.
Experience is vital in this issue. An experienced debt recovery solicitors will know how to handle a situation with the necessary tact. Debtors are often uncooperative,and debt recovery can quickly turn ugly. It’s essential to be represented by staff with the experience and training to diffuse an escalating situation in an expert way.
Experience gives 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 firm. 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 representative can claim up to 8% interest per year for you,due to the County Courts Act 1984,section 69? You can also claim late payment interest and compensation under the 2013 Late Payments of Commercial Debts Regulation Act. A professional commercial debt recovery solicitor will understand 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 solely 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.