There are many reasons why you might be chasing a debtor – whether you’re a landlord chasing tenants for rent, or a commercial lender owed interest on a loan, there are specific steps you need to take to recover the debt legally and efficiently. Contemporary technology makes it easier today to trace your debtor than […]
Archive | Debtor Tracing
How to get a status report
Collecting debt from an individual or business can be a difficult undertaking, especially if your information on the debtor is limited. The options for retrieving owed money are extensive, but without prior knowledge of the debtor’s financial situation, they can be costly and inefficient with the potential of very little reward. One of the ways […]
What is a statute barred debt?
Statute barred means that a debt has been barred under statute. I.e. the creditor has run out of time to collect the debt through the courts. Many people who have old debts believe that they do not have to pay any more, but the truth is that creditors can in some cases still take action, […]
How to be compliant with service legislation
A new law has been implemented in the UK that gives the UK state the powers to monitor citizens through surveillance. The changes have provided the state, police and spies new ways in which private communications can be gathered along with other types of data in order to deal with terrorism, crime and other threats […]
Why you should use an enforcement agency for debtor tracing
Recovering debts can be difficult without an enforcement agency, and this difficulty increases when the debtor is missing. Professional debtor tracing services offer a quick way of locating a debtor across the UK and worldwide, in order to recover monies owed. Hiring an enforcement agency to assist in debtor tracing will speed up the process […]