Are you owed money ? Action you can take
Are you owed money by someone? Maybe you have provided services to a customer who hasn’t paid their bill or lent money to a friend or relative. If this sounds like familiar situation, please be rest assured you are not alone. Many people and businesses find themselves in a situation where they are owed money but don’t know where to turn.
This can be overwhelming, but there are steps you can take to recover what you are owed. In this article, we will explore what you can do if you are owed money, and how to go about getting it back. The problem question of are you owed money is not a write off situation. There is support and help available.
Assess the Situation
The first step in recovering money owed to you is to assess the situation. Determine who owes you money and why. Was it a loan or for services rendered? How long ago was it? Are there written agreements or contracts that stipulate payment terms and due dates? Gathering this information can help you understand the best approach for recovery.
Communication Is Key
The next step is to communicate with the person or business that owes you money. Send a polite email or letter reminding them of the money owed and requesting payment. This can be a simple reminder or an invoice. If you don’t receive a response, follow up with a phone call or in-person visit. Be persistent but courteous. Keep records of all correspondence for future reference.
If you are unable to resolve the issue directly with the person or business owing you money, consider mediation. Mediation is a process where an impartial third party mediates a discussion between the two parties with the goal of coming to a mutually agreeable solution. This can be an effective way to avoid costly legal fees and resolve the issue.
Send a letter before action
Sending a letter before action to somebody that owes you money can jerk them into a reaction. It will let them know you are serious about collecting what is owed. A seven day letter can act as a final reminder and should warn them of the consequences of non payment.
Are you owed money – Take debt collection action
If all else fails and you still are you owed money then get professional advice. At Frontline Collections, we have helped thousands of people and businesses collect what they are owed. As an FCA regulated company, we have a proven track record of successful debt collection and can help where possible. Debt Collection Action is normally suitable for uncontested debts.
Working with a trusted, professional debt collection agency will help you recover what is owed quickly.
Small Claims Court
If the debt is heavily disputed, you can take legal action by filing a claim in small claims court. You may wish to seek legal advice to assess the merit of your claim prior to doing this. We have a partner law firm who is able to advise on debts of a substantial size. If a CCJ is granted you can then proceed with CCJ Debt Collection if they still do not pay. Speak to our friendly team for advice.
Protect Yourself going forward
Finally, it is important to protect yourself moving forward so you do not find yourself in this situation again. If lending money, be sure to get a written agreement outlining repayment terms. If providing services, get a signed contract with payment terms agreed upon. Consider requiring a deposit up front. Doing so can help ensure you are paid in a timely manner and avoid future disputes.
In conclusion, if you find yourself in a situation where are you owed money, don’t panic. Assess the situation, communicate with the person or business owing the money, consider mediation if necessary, and if all else fails, consider small claims court. And moving forward, protect yourself by getting agreements in writing and requiring deposits or payments up front. With these steps, you can increase your chances of recovering what you are owed and avoid future disputes.
Remember, it is your money and you are entitled to it. Don’t be afraid to pursue what is rightfully yours.
Are you owed money ? Debt Collection could be your solution
Watch our great video for tips on how you can deal with the situation, promptly and effectively. When somebody owes you money, it can feel like a lonely place but we are here to offer support.