ICSM Credit issues warning over using expensive ‘sluggish’ solicitors to collect debts

Get paid fast with ICSM Credit's Debt Collection Service: fast, efficient, and easy to use from an experienced and accessible team

Almost everyone has a story about how expensive and inefficient lawyers can be when dealing with a property transaction and it seems the same is true when it comes to debt collection.

“We have members of ICSM Credit coming to us with horror stories,” said Paul Carrotte of ICSM Debt Collection, “especially during the Covid-19 crisis. Time is of the essence as a lot of firms are spinning out time and hanging on and not paying invoices. When the furlough scheme ends many of them will not reopen so it is vital to chase those overdue accounts and not lose out when they go bust.”

Act now before the furlough ends

During normal business times Paul said that he regularly hears of solicitors taking months to debt collect and charge eye-wateringly high fees for extra letters and searches. With so many companies in trouble and a recession certain he said to put up with the “sluggish” pace of lawyers was not an option for SMEs chasing bad debts.

“We charge a single fixed fee if we are successful usually payable by the debtor and are available at all times to advise clients,” he said, “ICSM is not like the faceless legal companies which rely on a conveyor belt system where legal jargon and unnecessary form filling are the order of the day. We have a simple straightforward approach with a high success rate and above all we are quick. The lack of communication and the slow speed of traditional solicitors are a big turn off which is why so many firms chasing debts use ICSM Credit.”

Paul said that during the lock down the courts are functioning as normal and there has been no change in the debt collection business, meaning it is vital to act now and get paid soon.

About ICSM Credit Debt Collection Service

Paul Carrotte heads up the department that sees 94.8% of debts collected quickly and dipolomatically. ICSM Credit has more than four decades of experience as a credit intelligence group whose members gain inside information about firms in trouble allowing them to avoid bad debts and rogue traders. To join costs less than a tank of fuel - while at the moment there's a special free temporary membership offer during the Covid-19 crisis which gives access to free legal letters. 

For details about ICSM Credit call 0844 854 1850 or visit the website www.icsmcredit.com or email Ian at Ian.carrotte@icsmcredit.com on how to subscribe and to join the UK’s credit intelligence network to avoid bad debts and late payers. Follow ICSM Credit on FaceBook, Twitter and YouTube and Ian Carrotte on LinkedIn.

To keep up to date subscribe to the FREE ICSM Credit Newsletter to hear all the latest insolvency news and to see who has gone out of business click on the orange panel on the top left of the home page of the website www.icsmcredit.com or send an email to Ian.carrotte@icsmcredit.com

For details for the work of the journalist Harry Mottram visit www.harrymottram.co.uk

Tel 0844 854 1850 ___ Fax 01454 327 355
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