PRMS Ltd

Ethical Debt Recovery | Debt Collection | Credit Control | Cash flow Management Consultancy

PRMS Ltd provides Ethical Debt Recovery™, Ethical Debt Collection™, Credit Control & Cash Flow Management Consultancy Services™ to businesses all over the UK, Europe and the rest of the World.

Pre-Action Protocol for Debt Collection| 1st October 2017

Pre-Action Protocol for Debt Collection| 1st October 2017

Pre-Action Protocols

On the 1st October 2017 the Pre-Action Protocol for Debt Collection comes into force. This is an important change in how debts are managed and now is a good time to see how those changes will affect your business going forward.

This Protocol applies to any business (including sole traders and public bodies) claiming payment of a debt from an individual (including a sole trader). The business will be referred to as the “creditor” and the individual will be referred to as the “debtor”. This Protocol does not apply to business-to-business debts unless the debtor is a sole trader.