1ST LOCATE Ž UK Limited - LCS debt recovery instruction

Use this form to instruct the recovery of a debt due. Please ensure you read the terms and conditions and the fee tariff below. Once an instruction has been received, we will contact you and acknowledge receipt.

Clients with large numbers of debts should telephone one of our Client Account Managers on 0113 297 7508

Current clients of 1st Locate include Banks, Building Societies, Councils, Gas, Electricity and Water companies together with Solicitors and other similar bodies. Client list available upon request.

Instructions are welcome from private individuals, companies, sole traders or large organisations.

Please fill in all fields marked with a * THIS FORM IS FOR DEBT RECOVERY INSTRUCTIONS ONLY. FOR TRACE ONLY SERVICES either OPEN AN ACCOUNT or order online by clicking HERE.

Your name

Company name and address (just enter your address where instructing in a private capacity)

Telephone

Type of debt

Date of debt

invoice number if applicable

Is there documentation to support the debt

debt amount outstanding

Brief description of the debt and how incurred

Debtor name full if known

Debtor last known address

debtor date of birth if known

Debtor profession and place of work if known

When did they last make a payment to you

What steps have you taken to recover

Has the debtor disputed the debt

* PLEASE MAKE SURE YOU ANSWER THIS ACCURATELY

Can we proceed to litigation if other methods fails

Any other info

Terms and condition

Submission of an instruction via this online interface is not an acceptance by 1st Locate UK Limited that:
a) an instruction has been accepted
b) a debt will be recovered in full , part or at all.

1st Locate reserve the right to refuse instructions and are not obliged to provide the instructor with reasons.
Debt recovery instructions instructed via this online interface will be assessed by 1st Locate and may be declined.
When an instruction is submitted, 1st Locate will either:
a) provide an acknowledgement of receipt and commencement of recovery action
b) in some circumstances decline to take the instruction forward.

Fees:

When an instruction is provided to 1st Locate, a classification of action required is undertaken.
The debt will be assigned upon the basis of the information provided by you in this instrcution submission.
Cases will be assigned either:
a) PRIME - this is where there has been no previous action on the debt by a third party. The debtor is also regarded as still in residence.

b)2nd placement - this is where previous unsuccessful action to recover the debt has been made by a third party. The debtor is still regarded as in residence at the address provided during the submission.
c). Trace and Collect. This is where the debtor needs locating and the amount recovering.

d). Write off or purchase debt. Where the debt has previously been written off or sold on to another party.

If a debt is initially assigned to Prime or 2nd placement, and then subsequently, it is discovered the debtor is resident at an address differing from the address provided at time of instruction, the Trace collect fee will apply.

Instructions are accepted upon a No Success NO fee basis with the exception of legal costs in the event that you opt to proceed to legal action.

Fees are levied upon the amount of debt recovered as per the debt classification.
Prime - charged at 15% of the amount recovered
2nd placement charged at 25% of the amount recovered
Trace and collect charged at 40% of the amount recovered
Write off/purchase debt charged at 50% of the amount recovered.

If we are unsuccessful and we recommend proceeding to legal action, you will be advised of the Court costs and asked to deposit this amount with us. We will endeavour to recover this amount from the debtor but are not responsible for the outcome of any legal action. If judgement is obtained, we will attempt to enforce judgment but cannot guarantee that this will occur successfully.

1st Locate may accept on your behalf a repayment plan from the debtor that achieves repayment of the full debt within a reasonable timescale reflecting the debtors current financial circumstances. Fees will be debited at the % commission rate from the repayments received and the net proceeds returned to you complete with an invoice detailing our fees.
We will settle any monies due to you on a monthly basis unless you ask us otherwise.
Monies recovered are deposited to Client Bank accounts and are not used within the cashflow or capital requirements of the business.

1st Locate will not enter into any agreement with the debtor to accept settlements of less than the amount instructed. Should the debtor offer an amount lower than the instruction amount, you will be contacted and given the opportunity to accept or decline this offer. Fees are only levied against physical amounts recovered and not against the instruction amount.

You agree to advise us of any amounts that you receive directly from the debtor. These are known as Direct Payments. You also agree that our commission is due on any Direct Payments received from the debtor after the date of instruction. This is because our action may have prompted the debtor to settle with you directly.
Debts may only be withdrawn from us in the following circumstances:
a) by mutual consent
c) if the debtor is in a repayment arrangement , by payment of a fee in lieu of the future commission that would have been earned on the account reflecting the full recovery of the outstanding debt
d) where we decide to close an account and return it to you.

clients may receive a system generated report or reports detailing activity on their debts including repayments, closures, adjustments and write offs.

1st Locate UK Limited are full members of the Credit Services Association and as such are bound by a strict code of conduct relating to the way debts are recovered. Similarly, the CSA dictate how we administer and account for client monies.

1st Locate may also use the trading style LCS in the pursuit of debt recovery activities on your behalf.

I agree to the terms and conditions above