Letter Before Action (LBA) - This legal letter will help secure payment, or achieve a response from your customer before the commencement of court action.
Late Payment Demand (LPD) - This is an alternative to the Letter Before Action. Under Late Payment Legislation we claim interest and compensation for each of your unpaid invoices. It is possible your terms and conditions may prevent you or a third party from charging under the Act.
The success response of an LBA or LPD varies from 0 to 100% and it is commercially viable at the below rates to build this process into your credit control procedure.
e-collect is for those companies that issue in bulk, demand notifications for payment of outstanding debt. Less than the combined cost of a stamp, envelope and letterhead per demand with the added professional approach and presence of a third party debt management business.
Action
|
Cost (£)
|
LBA
– Letter Before Action - UK
|
2
|
LPD
– Late Payment Demand - UK
|
3
|
LBA
– Letter Before Action - Overseas
|
10
|
e-collect - Bulk Demand Notification (click to
view)
|
On
request
|
|
|