Debt Collection Business Package
Our Debt Managements 'Unit' Packages make it easy for you to collect debt whilst maintaining customer good will.
LPL provides a friendly but firm and professional service when collecting money owed to you based on a 'Flat-Fee' unit system.
By purchasing units from us we can offer our services at reduced costs and our units never expire.
What does a unit buy me?
Recommended for slow payers - 1 unit will initiate the following actions.
Route A - Step 1 - Letter before Action
This will include:
- Letter 1 - Initial 3rd Party Demand sent from LPL. Debtor is instructed to send all payments direct to you
- Letter 2 - Final LPL Demand sent from LPL. Debtor is still instructed to send all payments direct to you
- Letter 3 - Solicitors Demand sent via Hds Solicitors. Debtor is still instructed to send all payments direct to you
Note: Client can instruct LPL to send all three letters or speed up the service by starting from letter 2.
If the debt is paid any time within the 3 letter cycle no further charges are incurred.
Note: On all accounts instructed that are below or between 90 - 120 days LPL achieves 80% recovery rate using Step 1 - Letter before Action
If the debt remains unpaid only with your authorisation can we then proceed to Step 2
Step 2 - No Recovery - No Fee
No Recovery - No Fee. Fees from 10% only on recovered amounts (subject to terms and conditions).
This will involve direct contact with your debtor via LPL's specialist pre-legal 'Investigation & Recovery', LPL Account Handlers will aim to achieve recovery, return of goods, Payment plan etc.
Recommended for bad payers - 1 unit will initiate the following actions.
ROUTE B - Fast Track
FOR IMMEDIATE PROBLEMATIC ACCOUNT ACTION - By-pass 'Letter before Action' and go straight to No Recovery - No Fee (subject to Terms and Conditions).
Fast Track - No Recovery - No Fee at a reduced fee of only 7%
This will involve direct contact with your debtor via LPL's specialist pre-legal 'Investigation & Recovery' team.
Recommended for bad payers - 1 unit will initiate the following actions.
Route C - Credit Checking
1 Full Credit Reference Report on any UK Company
If you would like to discuss anything further you are welcome to:
Call one of our Friendly Advisors020 8551 4019
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