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About Debt Purchase
Factoring companies provide you with funds against your new invoiced sales debts as they are incurred. We provide you with funds against your unpaid, invoiced aged/bad debts. This facility effectively converts your aged/bad debts into instant cash - working capital for your business.
How Does It Work?
We provide a specialist service to creditors whereby their unpaid trade debts that have become overdue can be sold to us for up to 90% of the debt value.
Our criteria for acceptance are straight forward. The debt should meet the following:
- The debt value exceeds £2,500 (including VAT)
- It is an overdue trade debt
- The debt is undisputed
- Either a sales order, proof of delivery, invoice, current statement and or any reminders, etc are available
- The debt is not currently the subject of court proceedings
- The debtor is not currently subject to any formal insolvency proceedings
Provided 1-6 above can be met our underwriting team would be pleased to receive your aged/bad debts for immediate appraisal.
Our Underwriting Criteria
Our underwriting team will not take long to appraise your aged/bad debt and will usually make an offer to purchase within 1-2 working days.
The criteria 1-6 above and other commercial considerations will determine what terms are given for the purchase of your debt.
Debt Purchase Offer
We will always make an offer to purchase a debt that has met our criteria 1-6 so contact us now and convert your aged/bad debt into instant cash.
Petition Debt Paid £14,442
Print Run has used the services of Insolvency and Law on two occasions in the last year. Initially the whole process of issuing a winding up petition appears to be daunting, especially for a small fish in a big sea when taking on large companies, but Peter Murray and his team made the job easy and totally seamless.
Petition Debt Paid £26,717
We were owed £26,717 by one of our customers and our credit control efforts, which had included a County Court Summons, were exhausted so we looked for third party assistance and came across Insolvency & Law on the internet. After a first conversation with Peter Murray I was left feeling confident that there was indeed hope through the debt recovery services provided by I&L.