Bluestone debt assignment service

Chasing after debts is a time consuming and sometimes fruitless task as some debtors know how to play the system, ultimately frustrating you.

We are debt specialists in both individual debt and portfolios.

Our team of legal and investigative staff rapidly assess your situation and we may then offer you the following options:

  1. Make an offer to assign your debt to us with an agreed-upon percentage fee of the recovered amount. We like to stress that this is with no initial costs to you.
  2. Purchase your debt outright.

Benefits of debt assignment

Debt assignment offers many benefits, with the overriding benefits to a creditor being:

  • Immediate resolution of your problem.
  • Removal of bad debts from a balance sheet.
  • Improved cash flow.
  • Reduction of time and expense in the collection process.
  • Elimination of the risk of paying significant lawyers’ fees without assurance of success.
  • Removal of the personal element and discomfort where there may be an ongoing business or personal relationship with the debtor.

Assessment process

Before we agree to assign debts we:

  • Undertake a legal assessment of the debt and the underlying contract.
  • We undertake a comprehensive due diligence on all parties involved to determine viability and legitimacy.
  • Require full co-operation and disclosure from you to enable us to undertake our due diligence.

Once our enquiries are complete and we offer to assign the debt, contracts are prepared by our in-house legal team for the sale. Your business can then write the debt down and claim bad debt VAT relief.

Qualifying debts

The types of debt include but are not limited to:

  • Unpaid goods and services.
  • Rent arrears.
  • Unsecured loan debts.
  • Default on loans including bridging loans.
  • Trading debts.
  • Small claims court debts.
  • Insolvency debts.

Some common questions about Debt Assignment

What is debt assignment?

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Is debt assignment the best route for me?

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Debt assignment vs debt purchase

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Legal assignment vs equitable assignment

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Contact Bluestone debt assignment experts today

Bluestone are highly experienced in pursuing debtors and are very familiar with the mechanisms some debtors use to avoid payment. Or you could use our services to gather the most comprehensive information, including COVID-19 financial effect assessments, to pursue the debt yourself.

Call us today for an initial discussion as to how we could help – 0345 900 0172