Being owed money is hugely frustrating, but a CCJ could be exactly what’s needed to force a debtor to make repayments. However, a CCJ does need to be enforced. You can choose to enforce a CCJ yourself, or you can use specialist enforcement agents. We’ve taken a look at the pros and cons of both below.
Pros of Self Enforcement
A lot of people are tempted to tackle CCJ enforcement themselves and there are benefits of doing so. For example, it’s a more affordable way of doing things, as you are not having to pay for the services of enforcement agents. It also keeps you in control at all times. Enforcing a CCJ yourself means always knowing what’s going on, and not having to wait for an update from someone else.
Cons of Self Enforcement
Of course, there are also downsides of self enforcement. When you are enforcing a CCJ yourself, you will need to navigate the complex procedures of the CCJ process. There is a lot to get your head around, especially if you’re completely new to the process. Also, you have no powers of entry, whereas enforcement agents do. This means that you won’t be able to enter a debtor’s premises to enforce the CCJ and if you do, your safety is not guaranteed.
Pros of Using an Agent
The majority of people choose to use an enforcement agent when they need a CCJ enforced, and it’s easy to see why. Enforcement agents have invaluable experience and expertise, which cannot be replicated from anyone outside of the industry. They also have legal powers, meaning they can go a lot further than you can to pursue payments. You will also benefit from increased success rates and quick payments when you use enforcement agents, neither of which are guaranteed when you go it alone.
Cons of Using an Agent
There are obvious benefits to using enforcement agents to enforce a CCJ, but there are also a handful of downsides to be aware of. For example, if you use the services of enforcement agents, you will need to hand everything over to them, giving up a fair amount of control. You will also need to consider the higher cost, as enforcement agents charge for their professional services.
Deciding Factors
Before you begin enforcing a CCJ, you need to decide whether to do so yourself, or to enlist the help of professional enforcement agents. To decide, you will need to weigh up a handful of factors. The debt size and type will have an impact, as larger debts might require the help of experienced collectors. You should also take debtor temperament into consideration, as some debtors could be a risk to you, especially if they are fighting the CCJ.
More often than not, enforcing a CCJ via enforcement agents is preferable. At Cobra Financial, we are always on hand to help you with your CCJs. You can hand everything over to our expert agents, knowing that we will go above and beyond to recover your funds. Contact us today to find out more.
