Personal debt recovery solicitors.
Some of the common types of private debts that are often owed to individuals include:
- Personal loan to a family member, friend or former partner
- Loan to a business, employer or start-up
- Proceeds from the sale of private goods (car, equipment etc.)
- Rent owed by a lodger that has moved out
- Wages not paid by an employer
- Bounced cheque
- Deposit not returned
- Refund that was agreed but not paid
Just like a business if you experience problems with the repayment of a debt or collection of a personal loan you need to take action, and we offer various fixed fee legal solutions to help recover money owed to you.
Our fixed fee personal debt collection services.
In the majority of cases a debt recovery letter from a solicitor can be sufficient action to recover the monies owed, and we offer a straightforward service to draft and send this letter. Should a debt recovery solicitors letter not result in repayment, you can then optionally move to issue court proceedings.
Our debt recovery solutions are competitively fixed price to cater for most budgets and circumstances with no deductions taken from the amount owed. We can take hassle out of the legal formalities involved in sending a letter before action to an individual, corresponding with your debtor and issuing legal proceedings to recover the debt. Unlike instructing a debt collection agency for individuals, when you instruct Catalyst Law your case will be dealt with by a qualified solicitor with over twenty years' experience in civil litigation.
The below fixed fee services are appropriate for most undisputed debts under £25,000 where both parties reside, and the debt was incurred, in the UK (England or Wales). This classification is commonly referred to as a 'Small Claim' or 'Fast Track Claim'. If the amount you need to recover is over £25,000 or you are based outside the UK we may still be able to assist for an additional fee, so please get in touch with your requirements.
Letter Before Action
Send a letter from solicitors requesting repayment of the debt. This is the first step in recovering a debt owed to an individual and is required prior to starting court proceedings.
Issue Court Proceedings
If following a Letter Before Action the debt has not been paid, we will start formal legal proceedings on your behalf
Send us details of your personal debt recovery requirements.
What our previous clients say...
"I would highly recommend this company they are very straight forward and explain every step. They managed to get £4,900 that I had loaned to someone and did not pay back. Very helpful thank you!"
"After having a personal debt issue to deal with which involved money owed to me, I approached Catalyst Law who have been amazing throughout the process. I can highly recommend them!"
Use a personal debt collection agency or a Solicitor?
Alternatively, instructing a personal debt recovery solicitor such as Catalyst Law is often enough to prompt a debtor to take action and repay, especially as the next step is usually for a solicitor to issue legal proceedings to recover the debt on your behalf. Sending a letter before action is also done for a transparent fixed fee and the debt is paid direct to you with no deductions.
If court action is ultimately needed and is successful, a county court judgment will then be secured by your lawyer which can be enforced by various methods including instruction of high court enforcement officer, bailiffs, freezing assets or gaining a charging order on wages or property.
Are you classed as a business or sole trader?
We can still assist with this type of debt and for more information please visit our business debt recovery page.
Further information on how to recover a debt from an individual.
- What to do when money is owed by a friend - Helping out family members and friends is often second nature for us, but if you do this financially it can quickly turn into a problem if they don't want to pay you back.
- How can I trace the address of someone who owes me money? - Regardless of having your debtor's telephone number and email, the most important information you will need when considering legal action is their home address.
- Someone owes me money but I have no proof - In the absence of a written agreement, the success of any legal action will often depend on what evidence you can obtain to prove that the debt is owed.
- How much does it cost to take someone to court? - If you have a personal debt that you have been unable to recover with informal discussions and negotiations, the next step to get back what you are owed is civil action in the court. But what fees can be involved?
- Can you claim interest on the money owed to you? - Under what circumstances and at what point in legal proceedings can you start to charge interest on a debt?
'No Win No Fee' subject to entering into an agreement with a suitable insurance policy and complying with your responsibilities under its terms.