Calls, letters, emails – all going unanswered. Does this sound like a familiar situation when you’re trying to get in touch with that business that owes you money? If you’ve been chasing for some time now trying to reach a solution without success, you’re probably considering taking legal action.
This can be a difficult step to take. It’s hard to take steps to enforce a debt against a company you know is struggling. At the same time, you deserve to be paid. How do you know when you’ve reached the point you should engage the legal system?
1. You’ve received no response at all to communications
If the other party is just completely refusing to work with you in coming to a solution. If you’ve sent letters and reminders notifying the business of your intention to take legal action and no payment is forthcoming, you’re in a good position to show that you’ve done everything you can to try and resolve the debt amicably and outside the court.
2. The amount that you’re owed makes it worthwhile
Carrying out a cost/benefit analysis will help you to decide whether it’s worth pursuing the debt through the court. This should include the time you’ll spend putting together court paperwork and if you think you’re likely to be paid even if the court orders the other party to pay.
Taking some advice on your rights and the options available to you can be the first step in the debt collection legal process. There are tools available to you to make sure that you get paid the money you’re owed.
Finding out more about what your next steps should be is made easier with the assistance of a legal professional who has knowledge in pursuing claims of this nature.