Sterling assisted a financial services company to recover unpaid instalments of loans granted to individuals under a trust.
After the claim form was served, all 5 individuals contacted Sterling voluntarily to pay the full amount of the loan instalments plus legal costs and court fees. Furthermore, they agreed to make arrangements to repay the entire loans without the need for further legal action in future years. As the claims were paid promptly, the proceedings were discontinued and will not affect the debtors’ creditworthiness.
