Selecting the right debt collection agency in England

To select a collection agency in England can be seen as a problem for many companies, since there are so many debt collection bureaus to choose from. One good advice is to work with an English debt collection agency that is a member of a larger international network of debt collectors, such as the ECA, European Debt Collectors. In this case, STA International, the English member of ECA, is a good option.

Rules and regulations for debt collection in England

English debt collection agencies must be licensed by the Office of Fair Trading, or OFT, to conduct debt collection in England. OFT also sets the rules for how debt collection in England is to be carried out. These rules and regulations are not a law, but must be followed by debt collection agencies in England.

Debt collection procedure in England

When collecting a debt in England, as well as in many other European countries like France and Germany, the debtor has a time limit to pay or get in contact with the debt collection agency, normally around 2 weeks. Only after this time limit has expired can the debt collector take legal action to collect the debt. Costs that are connected with legal actions in the debt collection procedure can normally be charged the debtor.

Legal debt collection in England

If the customer still doesn’t pay after the collection agencies initial actions, the creditor can choose to take the debtor to court to obtain a judgment validating the debt you are owed. Once the debt is validated there are many different actions the debt collector can take to collect the debt. When collecting debt in England, the collection agency can have the debtors property seized, order the debtors to a hearing under oath about his economic situation, or deduct payment from the debtor’s wage. As you can see, there are many ways to collect debt in England and to receive payment on unpaid invoices and bills.