Shortfall Debt Collection in the UK

Resolving Shortfall Debt

We are seeing an increasing number of borrowers being contacted by UK Solicitors collecting outstanding debts for Overseas lenders. Using various treaty’s once a judgement is gained in the country the property is located & the lender can collect in the borrower’s home state. You will be contacted confirming the balance owed.

At this stage a lump sum settlement will be required, the lender will have paid legal costs for which you are liable. This will not go away.

EU Property Solutions can act using the backdrop of our in depth knowledge of processes in the home country to counter act arguments put forward by UK solicitors. We can protect your Assets, Credit Files and ensure legal action is ceased. Our settlements typically range from 10%-20% of the outstanding shortfall balance.

We read many online forums and see individuals commenting that they have handed the keys back to the Bank and walked away. This is false, do not bury your head in the sand. There is always a solution.

If ignored we have seen Overseas Lenders appoint UK Legal Representation to submit County Court Claims, Issue Writs, Place Charges on UK assets and Place Defaults on UK Credit Files.