Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing statutory rights to claim interest and fixed compensation on commercial debts, including applicable interest rates and compensation for debt recovery costs
Limitation Act 1980: Sets time limits for bringing claims, generally 6 years for simple contracts, with different limitation periods for different types of debts
Consumer Credit Act 1974: Regulates consumer credit and consumer hire agreements, including requirements for consumer notifications and fair treatment of debtors
Financial Conduct Authority (FCA) Regulations: Regulatory guidelines covering debt collection practices, fair treatment of customers, and clear communication requirements
General Data Protection Regulation (GDPR) and Data Protection Act 2018: Laws governing the handling of personal information and privacy considerations in debt collection
Financial Services and Markets Act 2000: Establishes the regulatory framework for financial services in the UK, including debt collection activities
Pre-Action Protocol for Debt Claims: Outlines required steps before court action, including timeframes for responses and mandatory information to be provided to debtors
Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices and sets requirements for clear communication with consumers
Consumer Rights Act 2015: Ensures fair terms in consumer contracts and establishes transparency requirements in consumer dealings
