As a debt collector our clients are adding costs onto any debts to be collected where they can. This happens when they have disclosed this right to their debtor when a contact was formed between the parties.
A number of decisions I have read from the Disputes Tribunal appear to take away the creditors right to charge costs unless they have given the debtor 'fair warning'. By fair warning the Disputes Tribunal seem to consider a final warning letter as being satisfactory.
At Cash Flow Doctors we have developed a final warning letter which anyone is welcome to use on their own letter head.
The other benefit of the wording of this final warning letter is that credit reporting agencies such as Veda Advantage also require fair warning before a debtor can be listed as a defaulter.
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