CIS DRS

FAIR DEBT COLLECTION PRACTICES IN SCOTLAND

B2B Debt recovery & Debt collection in SCOTLAND
We recover your bad debts for the success fee.

General overview of fair debt collection practices in Scotland

Debt collection is a process
Debt collection is a process of obtaining late payments from individuals or businesses. In Scotland debt collection and recovery in B2B is quite an important task since many companies find themselves in a situation where business partners do not pay the invoices for goods or services provided on time. That is why companies have two options in terms of debt collection: to outsource a debt collection agency or to initiate a court proceeding.

Many companies prefer the 1st option for various practical reasons. Nevertheless, one of the few peculiarities that a company which outsource debt collection services needs to remember is that the way that process is carried out needs to be in accordance with fair debt collection practices.
Fair debt collection practices in Scotland are quite an important thing to follow. It is a set of actions, or a so-called guideline, which prevents debt collectors from inappropriate actions towards debtors. Our lawyers in CIS DRS are well aware of the general requirements of fair debt collection practices in Scotland. First of all, debt collectors can contact the companies by sending them letters of demand, reminders, and making phone calls during business hours. All communication has to comply with the established rules of business communication.

Unfair debt collection practices include any tactics used that overstep boundaries. Any form of harassment is a criminal offense in Scotland. Such actions may include: phoning unreasonable amounts of times during the day or night, talking to others (staff, employees) about the debt, threatening you physically or verbally, and creating fake court orders.

What can CIS DRS do for your business in Scotland?

CIS DRS has many years of experience in the field of debt collection and recovery in Scotland. That is why our lawyers are well aware of fair debt collection practices. Our approach includes the following steps. Firstly, we gather information regarding the financial situation of the debtor`s company and search for any additional contacts. We send a 1st letter of demand notifying the company of a debt after that. During this process we conduct the negotiations and try to persuade the debtors to agree to settle the debt. In case it is impossible to convince the debtor after numerous attempts, we advise our clients to consider the court proceeding.

The main benefits of debt collection and recovery

There always has been a debate on whether it is efficient to hire a debt collection agency. While many argue that court recovery is more successful, there is still a prevailing amount of arguments in favor of debt collection agencies.
1
Debt recovery is fast and efficient. Many debt collection agencies such as CIS DRS are aware of how to settle the debt fast using various techniques.
2
There is no need to train internal staff to perform such actions.
3
Debt collection lawyers help to maintain good business relationships between clients and debtors so that they are able to continue their business.

What can CIS DRS do for your business in Scotland?

Our experts in CIS DRS understand how important the process of returning money from business partners is. We also understand that it is required to act within the scope of the law and general regulations. In order to protect our clients` interests we always follow fair debt collection practices. For more information, please, do not hesitate to contact us via the form below.
AT A GLANCE
Serving Clients in SCOTLAND for more than two decades
Debt Collection
  • analysis of trade documents in default
  • credit check of the debtor's company
  • strategy for peaceful settlement
  • drafting official demand letters
  • phone negotiations with debtor
  • personal negotiations with debtor
  • drafting restructuring plan
  • control of installment payment
Debt Management
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation
  • legal review of trade documents
  • translation of the documents
  • drafting a Power of Attorney
  • making a strategy of litigation
  • drafting and filing law-suit
  • application for assets seizure
  • participation in court hearings
  • obtaining judgment for client
Arbitration
  • legal review of arbitration clause
  • translation of necessary documents
  • drafting a Power of Attorney
  • making a strategy for arbitration
  • drafting and filing law-suit with IAC
  • application for assets seizure
  • participation in arbitration hearings
  • obtaining arbitral award for client
Enforcement
  • analysis of judgment or arbitral award
  • making a strategy of enforcement
  • drafting application for enforcement to local court
  • participation in court's hearings
  • obtaining writ of enforcement
  • filing the writ to Bailiff's Service
  • control of execution work
Bankruptcy
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery
DEBT RECOVERY IN SCOTLAND
No Recovery-No Fee.
CLAIM PROCESSING
  • Verifying Debtor's Address
  • Checking Debtors' Status in Database
  • Brief Report to Client
  • Case Strategy Design
  • Confirmation Receipt
  • Claims Automation System
  • Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!

Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN EUROPE:

TEL: +44-204-577-06-96
EMAIL: europe@cisdrs.com

1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM
We work Monday to Friday, 9 AM - 6 PM (GMT)