Debt recovery by a solicitor or a debt collection agency

Both debt coll­ec­tion agen­ci­es and soli­ci­tors’ firms are aut­ho­ri­sed to reco­ver claims, and in prin­ci­ple they cost the deb­tor the same. The dif­fe­ren­ces lie else­whe­re: in the cos­ts incur­red by the cre­di­tor, in the repre­sen­ta­ti­on pro­vi­ded fol­lo­wing an objec­tion, and in the tax tre­at­ment. We explain which approach is best sui­ted to which type of claim.