Established in 2014, Debt Guard is an initiative from Ascent, a specialist debt recovery law firm with experience managing over £8 billion of debt.
Debt Guard is focused on commercial business-to-business debt recovery. It’s a self-service, internet-only debt recovery legal service, targeted at small and medium-sized enterprises (SMEs).
Combining an in-house enforcement capability with legal recovery work, Debt Guard is unique in its full-service offering for SMEs.
Clients remain in complete control of the process, with costs kept low and predictable by a fixed pricing model. There’s no commission on recoveries, as debtors are asked to pay directly to the client, which means that they recover more of their debt, instead of paying commission fees.
The first port of call in the legal recovery process is to send a solicitors’ letter to the debtor – through Debt Guard this is done online for £2 (plus VAT). A letter from a solicitors is normally enough to persuade most people to pay their debt, but Debt Guard also makes it easy for SMEs to pursue a court claim or issue a late payment demand. The client is under no obligation to take further action if they don’t want to go to court.