NetColl Ltd - Online Debt Collection and Recovery

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NetColl Ltd - Online Debt Collection and Recovery

NetColl provides an online debt collection solution which acts as a direct extension to your own in-house credit control procedures. In many cases a letter from a collection agency will result in payment or a response which will resolve an outstanding account.

This unique service enables your business to send a payment request letter from a UK registered debt collection agency, and provides your business with an important tool to collect overdue and slow paying accounts.

Note: All payment request letters are issued from an alternative trading style of NetColl Limited.

The service is available to use as and when you require it. There is no minimum quantity level, so even if you have one overdue account that requires a payment request letter the service is available to you.

Click here to see a sample payment request letter.

Cost effective solution

How it works

As from 7th August 2002, businesses have the right to claim statutory Interest and reasonable debt recovery costs (Amended and Supplemented Late Payment of Debts Regulations 2002) from customers on late paid or overdue invoices. We have a list of frequently asked questions on statutory interest if you are unsure whether you can claim it or not.

Statutory interest is currently set at 8% above the Bank of England base rate. In addition to this interest an amount of between Ł40 - Ł100 can be claimed to cover reasonable recovery costs dependent on the value of the principal amount outstanding.

Click here to use the
NetColl statutory interest calculator

When submitting an account to NetColl you will be asked if the amount being claimed includes statutory interest or not, NetColl does not automatically calculate this amount.

There are no contract or subscription charges for this service and fees start at just Ł3.00 per letter, payable via our secure payment page.

Registering with NetColl and using the online system can be completed in a few minutes by following these easy steps:

Step 1.	Register a user name and password, then enter your company / business details. This stage is only required on your first instruction.
Step 2.	List details of the outstanding account (and if the amount includes statutory interest) and debtor details.
Step 3.	Complete payment instruction through Barclay's ePDQ system.

On confirmation that your payment has been accepted, NetColl will issue a payment request and an e-mail request (where applicable)