Realising the Final Charging Orders that you have | | In our experience, companies who have obtained Final Charging Order's on their debtor's property have not known how to recover that security. It is common practice to sit on a Charge awaiting a sale or re-mortgage, running the risk that the debtor who is in will just continue to make their mortgage payments for ever and a day.
There is also a significant risk that the debtors financial situation gets progressively worse, they miss mortgage payments and any equity evaporates before the house is repossessed. How do you unlock the potential and recover monies? We can help! We provide reports which evaluate the debtor's current financial position, together with assessing the validity of whether there is equity in the property to realise your Charge. We can then undertake the recovery of that secured debt. For details about these services, please contact Gareth Rhodes on 0113 3200264 or alternatively, email gr@tremark.co.uk. | | The perception of a Debt Collector is often a bulky shaven-haired man wearing a doorman's coat, a cricket bat in one hand and the debtor by his ankles in the other, usually shaking money out of their pockets. Although we want to keep such an image; like all professionals, Debt Recovery is more than that. More often than not, we are negotiators; if a debtor owes you, they owe others and so tipping them over the financial edge isn't beneficial to anybody. The advantage is knowledge. Knowing your debtor both financially and circumstantially opens negotiations and stops disputes or stalling tactics.
For example; a debtor recently stated that their business was struggling and that they were only in a position to offer £50 per month. From the information we had gathered, the perspective was very different. We knew that the debtor had owned their property for some time, with only the original mortgage; suggesting that there was equity. We also knew that their business was doing well and the debtor was a 'won't payer', unwilling to raise funds to pay their debt. With this information, we were able to have the debt paid.
Recession or no recession, people who want to avoid their liabilities, plead hardship; but when this is the case, you, through us, are in control. Perhaps it is a case of getting the debtor by their ankles and allowing the information and then the money to fall out of their pockets. | | "HMRC Debt Help Hiding Corporate Insolvencies" says expert | | It has recently been commented that HM Revenue and Customs is now "acting more like a lender than a tax collector..." (Steve Clancy, Partner at MCR).
The help given to businesses in deferring tax payments could potentially be hiding the true extent of corporate insolvencies; which ultimately could lead to a sharp increase in the level of company insolvencies.
The HMRC is likely to start calling in its debts and only now will the extent of their 'lending' be seen.
| | Absconder Tracing -
Why TREMARK Trace? | | Traces are carried out for various reasons:-
To locate somebodies whereabouts who is in debt,
To assist in finding beneficiaries,
To locate friends or relatives.
What is a Trace?
A trace is carried out on an individual where contact has been lost, or an individual no longer resides at their last known address. These individuals are known as 'absconders'.
How is a Trace Conducted?
TREMARK use specially trained agents who will use various sources such as client information, public databases and credit reference agencies to try and ascertain a new address.
When TREMARK are instructed, we usually have at least a name and a last known address to work from. Our specialist trace team will begin enquiries to ascertain a date of birth and any other information.
Once we have traced an individual, we will confirm they are resident at the address, complying with the Data Protection Act.
Verification can be conducted by making telephone contact, sending a letter and/or making a field visit.
Trace Facts:-
In 2009, it was estimated that up to 70% of all instructions to collect debt required a trace.
In 2009, nine million trace investigations were carried out by specialist trace agents.
Source - Credit Services Association.
| |  Further Information:-
All trace enquiries are undertaken within the guidelines laid down by the Data Protection Act. Knowing what to look for and where to look is one of the essential elements of this type of work.
If you require an further information, please contact Karl Brooker on 0113 3200 265 or alternatively, email kb@tremark.co.uk. | | TREMARK Associates Ltd Leeds Office: Joshua Chambers 332 York Road Leeds, LS9 9DN Tel: + 44 (0) 113 263 6466 Fax: + 44 (0) 113 263 6566 London Office: 8-9 Talbot Court London, EC3V 0BP. Tel: + 44 (0) 203 137 0802 Fax: + 44 (0) 845 862 1073
| |
Company Registration No: 3120853
Consumer Credt Licence No: 402508
ICO Registration No: Z6357413
VAT Registration No: 664 7551 08
TREMARK Associates Ltd / Mark Hodgson (Director) are members of :-
The Credit Services Association.
The Institute of Credit Management.
The Association of British Investigators.
The Natonal Association of Investigators and Process Servers.
| | | Absconder Tracing - Why TREMARK Trace?
Realising the Final Charging Orders That You Have
Excuse of the Month!
OFT to Consult on Debt Collection
Tremark News
"HMRC Debt Help Hiding Corporate Insolvencies" says expert
What is Debt Recovery?
Reminder
Our Services
Contact Us
| | "Yes, I know I owe this debt but I'm afraid that it isn't as important as buying my cigarettes!" | | Welcome...
As the Tremark team continues to grow we welcome Liam Ivory, Claire Carter and Natalie Darwin to our Credit Comtrol Outsourcing Team bringing a mixture of customer service and credit control experience.
Good Luck..
We would also like to wish Claire Wall all the best and lots of luck as recently left to go on Maternity leave, her baby was due 4th July, but no news yet!
| | OFT To Consult on Debt Collection | |
The Office of Fair Trading (OTF) is due to launch a consultation on draft guidance for debt collection. The guidance focuses on data accuracy and allegations about people being chased for debts on the basis of wrong information. The OFT expects to consult for 12 weeks before publishing final guidance in the autumn.
For more information on this story, go to:http://www.creditcontrol.co.uk/
news/2010/05/100518.htm | | Can you please ensure that all records are up to date with our correct trading address of:
Joshua Chambers
332 York Road
Leeds
LS9 9DN
Please note that we are also now on DX:
DX 706953 LEEDS PARK SQUARE | | |
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