LPCA COMPLAINCE

LPCA Compliance UK

LPCA Compliance UK law and rules

LPCA Compliance, law and rules in the UK

D2R-Collect extended practical Debt Management experience in the United Kingdom has labeled D2R-Collect system as LPCA (1) ready, this feature allowed our clients to confidently charge the related compensation and statutory interest. Our Governance team, continuously probe the latest LPCA regulations’ and compliance with our clients around the world based on the applied debt management laws and regulations (i.e. United Kingdom (UK), Canada, USA, EU).

The Late Payment of Commercial Debts (Interest) Act 1998 along with its latest regulations update of 2002 and 2013 is an Act of the United Kingdom Parliament enabling businesses to charge other business customers interest on overdue accounts and to obtain compensation. Geographically, the Act extends to England, Scotland, Wales and Northern Ireland.

D2R-Collect automatically calculates the charges as per amount without any additional work.

TESTIMONIALS

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A.L. (Toronto based Collection Agency)
“Ever since we acquired D2R-Collect online system, we have cut down on the number of calls and time required to give our clients feedback. Our clients are happier and empowered to access their files and add new Debtor files online from their office.”
Z.B. (Concord based Collection Agency)
“We were searching for a software that was simple to use and learn, answers all our needs and be cost effective. A web based software was not on the list until we tried D2R-Collect. We have made great savings in streamlining processes, with great calendar scheduling, follow up tools, customizing letters, tracking Debtors' phones, addresses and Notes and simple financial management tools”