What Evidence Do I Need to Collect a Debt?

Being owed money can be a stressful situation. You provided a product or service, and now you’re left waiting for payment. If you’re at the point where you need to consider debt collection services, the first question is likely: what evidence do I need to prove I’m owed money?

Having strong evidence is crucial for successful debt recovery. It strengthens your case and gives you a clear advantage when working with a collection agency or even in court, if necessary.

Here’s a breakdown of the different types of evidence that can help.

The Dream Scenario: Written Agreements

In a perfect world, all financial transactions would have a written agreement. This could be a:

  • Loan agreement: Clearly outlines the amount borrowed, interest (if applicable), and repayment terms.
  • Contract: Details the service provided, agreed-upon price, and payment schedule.
  • Invoice: A formal request for payment for goods or services rendered, including the amount due and date.

These documents are golden. They clearly establish the debt, the terms, and who owes what.

No Written Agreement? Here’s What Can Still Help

Even without a formal agreement, there are other ways to support your case. These include

  • Electronic Communication: Emails, text messages, or voicemails discussing the loan, service provided, or repayment terms can be valuable evidence.
  • Bank Statements: Records showing the transfer of funds from you to the debtor can demonstrate the initial transaction.
  • Delivery Receipts: Proof that goods or services were delivered as agreed.
  • Witness Statements: If someone else was present when the agreement was made, a written statement from them can support your claim.

Remember: The more evidence you have, the stronger your position.

Don’t Wait to Take Action

The longer you wait to collect a debt, the harder it may become to get what’s owed to you. Gather your evidence as soon as possible and consider reaching out to a professional debt collection service, like My Debt Recovery. We have the experience and resources to navigate the process effectively and increase your chances of recovering what’s owed to you.

Call us on 0800 009 6106 or email hello@mydebtrecovery.co.uk to get in touch.

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