CCR2 Litigation
most likely to engage with the legal process. We utilise two letters before action and
have a team of trained para-legals who are able to negotiate an immediate cessation in the process if the debt is disputed, or circumstances dictate. Our letters always signpost free help and advice. Even after judgment is obtained, we are
in negotiation with the customer to explain the next steps and registration with the credit reference agencies. LawScore has developed to such an
extent that we are now able to enhance our clients’ own data through our expertise.
Case Study Moriarty Law engaged with a large debt purchaser client in July 2015 in order to demonstrate the effectiveness of the Moriarty Law LawScore model. Our debt-purchaser client provided an evaluation file containing 27,750 consumer mobile-phone debts. These accounts had been recalled from
the client’s panel of DCAs and were a combination of post-third and fourth placement. After processing the evaluation file through
our unique scoring model, LawScore, about 16% of these accounts were passed as appropriate for and likely to engage in the legal strategy. Then 4,436 accounts were processed through the Moriarty Law end- to-end legal strategy. This strategy involves a cycle of two
letters before action supported by inbound and outbound telephony activity through our dedicated team of Litigation Executives. The results demonstrated that, despite
failing to engage with the debt collection process, a significant number of cases have the propensity to engage with a robust legal strategy. In this case, LawScore gave a significant
uplift in gross and net recoveries. After analysis of the initial placement, our
client has made further placements from September 2015 and regular placements since then. The performance of subsequent tranches
of debts is consistent with the initial tranche. Our client has since proceeded to trial
other debt types leading to results consistent with the first tranche as we would expect when relying on the LawScore model. We
January 2017
now receive regular placements of: mobile- phone accounts, credit card accounts, mail order accounts, retail finance accounts, and leisure industry accounts. As well as expanding the placement
streams, our client has also reallocated earlier placements to Moriarty Law. This is due to consistency of performance and by
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placing accounts earlier in the cycle, this has led to an increase in the percentage of accounts achieving the score threshold. We have become a key strategic
We believe that litigation should only ever be undertaken with the correct checks and protection of those customers who are vulnerable or in obvious financial difficulties
placement in our client's external recovery strategy.
Think Moriarty Law So, think Moriarty Law and think: l Over 100 man years’ experience. l Effective debt recovery. l All court costs are inclusive of our fee. l All balances over £100. l Current collection rates over 30% of accepted accounts. l Portfolios. l Current accounts. l First to fourth placement. lWritten-off dormant accounts.
Get in touch To find out how we can help you to make the right choices on your litigation, call us now on 020 3126 4548 or e-mail us at
client.services@
moriartylaw.co.uk or Matt Subert on 07791 416493 or at
matt.subert@
moriartylaw.co.uk.
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