Debt Recovery Services

Listed below are the three stages of debt recovery we can use to collect payment from you debtors.

Telephone and Letter demand for Payment:

Our first course of action to your debtor takes the form of a written demand for payment to be made by a specified date. At this stage Bond CSI will also commence telephone calls to the debtor. Our focus is to make contact with key decision makers in order to secure payment. Experience shows us that debtors often see the transfer of the debt from the creditor to the debt collection agency, as a sign that serious enforcement action is now being taken to recover payment. This gives a clear message that settling the debt now will be more cost effective and less damaging to their business, than delaying payment any further.

Doorstep collection:

We have an extensive network of agents throughout the UK and are able to schedule doorstep visits to the debtor if they have not fulfilled their obligation to settle the debt, following our written demand for payment, and our telephone calls. At this point further charges will also be levied upon the debtor to cover our costs for this service. We strongly advise to any debtor reading this, that you settle your overdue debt before we reach this point, as costs will escalate from here on, until County Court action is taken against your company.

County Court Action:

In the extreme cases whereby the debtor has failed to make payment after the action such as those listed above has been taken, we will issue legal proceedings against the debtor in order to recover payment and all costs that have been acrued. Statutory demands for payment can also be issued. Finally if payment cannot be made by the debtor a bankruptcy or winding up petition against the debtor can also be actioned.