Fast Track - Unit Debt Collection Service
What does it mean?
Lower Percentage Charge of only 7% + vat (a lower £25 minimum fee on success only). No Recovery - No Fee
LPL's Voucher Unit users are entitled to use Fast Track and take advantage of the discount facility offered using the pre-purchased units. Our 2nd Stage Service will start the recovery process on receipt of your Fast Track instruction.
There are some circumstances when you may feel that LPL's standard Letter Before Action 1st Stage service may not bring the payment in as quickly as you would like, or there are specific circumstances that require a firmer and more direct approach.
LPL has now introduced a further tier to our Debt Collection services, which will allow Unit User clients to utilise our Flat Fee system whilst incorporating our more in depth 2nd Stage Debt Collection procedures. All as part of one instruction.
Direct Intervention by one of LPL's experienced Account Handlers to achieve:
- Full payment
- Verifying Reasons for non payment
- Establishing Ability to pay
- Arranging Payment Plans
- Using Tracing and Status Reports
- Legal Services if required (subject to terms)
- Ensuring movement towards resolving queries, disputes, credits, contractual amendments, off-hire notices, cash flow management or other arrangements to secure a satisfactory outcome to the problem, and, of course full collection
Direct Contact
- Letter and Telephone back-up
- Sorting Queries
- Monitoring Payments
- Establishing legal responsibility
- Establishing if Legal proceedings would be economically effective
- Advising Client of Best Action
- Reporting to Client at regular intervals
- ACHIEVING FULL RECOVERY OF DEBT
- COLLECTING INTEREST AND CHARGES (where applicable)
On successful collection only, discounted collection fees apply.
If you would like to discuss anything further you are welcome to:
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