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Late Payment of Commercial Debts (Interest) Act 1998: Primary legislation governing the right to claim interest on late commercial payments and fixed compensation for debt recovery costs in business-to-business transactions

Limitation Act 1980: Sets statutory time limits for bringing claims, generally allowing 6 years for simple contract debts from the date the cause of action accrued

Consumer Credit Act 1974: Regulates consumer credit agreements and provides protection for consumer debtors, including requirements for documentation and fair treatment

Financial Services and Markets Act 2000: Establishes the regulatory framework for financial services in the UK, including debt collection activities within regulated financial services

Consumer Rights Act 2015: Legislation ensuring fair treatment of consumers and establishing transparency requirements in consumer transactions and communications

GDPR and Data Protection Act 2018: Legal framework for handling personal data and privacy considerations in debt collection processes

FCA Regulations: Regulatory guidelines set by the Financial Conduct Authority governing debt collection practices for regulated entities

Pre-Action Protocol for Debt Claims: Court procedure rules outlining required steps and documentation format before initiating legal proceedings for debt recovery