Can a Foreign Debt Be Collected in UK | Expert Help
Can a Foreign Debt Be Collected in UK | Expert Help
Many people think that if they are owed money from someone in another country, it will be a difficult task to recover. In reality, collecting a foreign debt is a matter of having the right skills, knowledge and expertise. To a specialist international debt collection agency, recovering money from overseas is a daily task.
For example, a small business might have provided goods or services to a client based in Australia. This client has missed the due date on their payment, and are ignoring all attempts to make contact.
They have tried to resolve the issue, but discover that they are unable to pursue the matter through any foreign court. As such, they are searching for an answer to the question, “can Australian debt be enforced UK?”.
Frontline Collections is one such agency and has helped thousands of both private individuals and businesses. We provide a fully comprehensive service that covers everything needed in the enforcement of a foreign debt.
We asked our debt collection experts to explain how we help people recover money owed to them from another country.
Can Overseas Debt Be Enforced in the UK?
Are you owed money by someone in another country? If so, you will be considering what options you have to recover it.
For example, it is common for people to consider taking legal action in the high court. This is also true for those that are owed money from people in England and Wales. Whilst debt collection in English law is different to international debt collection, many solicitors can still be of assistance.
However, this does come at a cost and it is no secret that solicitors can charge hundreds of pounds per hour. This cost can prevent people from beginning the debt recovery process. For both businesses and individuals, it may not be cost effective to do this, and many people write the debt off.
This should never be an option, the services of a debt collection agency are effective and come at a lower cost.
Many professional debt collection agencies across the UK specialise in international debt collection. This includes the enforcement of foreign judgments, as well as the recognition and enforcement of UK debts.
Recovering a Debt From Overseas
It has never been easier for people to deal with those residing in foreign nations. With the rise of the internet, people and businesses can trade worldwide, with millions of transactions and agreements occurring daily.
With this growth, the potential for debt to occur has also risen sharply. Unfortunately, many people will go to great lengths to avoid paying what they owe. Many debtors believe that if they are withholding money from someone in another country, they are safe from debt collectors.
Frontline Collections has been recovering debt from businesses and individuals in foreign countries since our opening in 2005. In the years since we have become regarded as the leader in international debt recovery.
Our debt collection agents have the expertise and skills to recover debt no matter what the reason. Part of the challenge of recovering an international debt is understanding the laws and rules on collections in every nation.
For example, the language barrier may be an issue, as is understanding any cultural differences that may be a factor. Contacting the debtor at an appropriate time of day in their time zone also needs to be taken into consideration.
Many countries also have common law elements that vary slightly depending on the nation in question. For example, the statute of limitation on debt in the UK is 6 years. Whereas in India, it is limited to just 3 years.
We have a network of debt collection partners, each of whom is an expert at recovering money in their own nation. As such, we can recover debt from virtually anywhere in the world.
Can a foreign debt be collected in UK? The simple answer is yes, and Frontline Collections is able to help. For more information, speak to one of our friendly debt collection experts today.
Can a Foreign Debt be Collection in UK? Frequently Asked Questions
How Much Does it Cost to Collect a Debt From Someone in Another Country?
Every case of debt is unique and can only be priced after learning the exact circumstances surrounding it. Many debt recovery agencies operate on a commission based pricing structure. For example, Frontline Collections has one of the lowest commissions, starting from as little as 8%.
How Long Does it Take to Recover a Foreign Debt?
Again, this very much depends on the specific case. Some cases can be more complex than others, and therefore require more time and attention to recover. Our debt recovery experts perform a free assessment of the debt. This will provide you with an accurate breakdown of what can be expected once we begin the recovery process.
How Successful is International Debt Recovery?
When searching for international debt collectors, you should take the time to learn what their average recovery rate is. This can be found online, or via client reviews. Frontline Collections has an average debt recovery rate of 90% on all undisputed debt.
Do International Debt Collectors Help Individuals As Well As Businesses?
Yes. Frontline Collections helps both private individuals and businesses with recovering a debt from someone overseas. Regardless of where your debtor is based, be it an EU member state, in Australia or anywhere else, we can help.
Can You Help With Enforcing a Judgment From a Debt in Another Country?
For more information regarding the specifics of our international debt collection services, please speak with one of our experts today.