Interest Rates

Interest Rates

Our panel of carefully selected Debt Recovery Specialists and Solicitors are always here to support and assist when needed.

What are Interest Rates?

Interest Rates play a crucial role in determining the amount owed by the debtor. When a business is owed money, it is generally entitled to charge interest on the overdue amount as specified in the terms of the contract or the statutory rate set by law. 

The interest rate may vary depending on the agreement between the parties or the nature of the debt.

It is essential for businesses to clearly outline the interest terms in their contracts and adhere to the legal framework to ensure a fair and lawful debt recovery process.

Find out how our panel of Debt Recovery Specialists and Solicitors can assist you.