Debt Collection Services in London
It is a simple fact of life that no person or business wants to experience issues relating to finances.
These can commonly include lack of income, never-ending credit card payments and unnecessary spending.
It is an unfortunate reality that for some people, these financial issues are hard to avoid.
This is especially true for those in London, due to the large economic activities within the city.
One of the most relentless financial issues in the capital is the owing of money.
More specifically, these are the debts that are generated by the borrowing of money or the non-payment of services.
This has become an increasing issue for businesses and individuals and has shown no signs of stopping.
Some of the most common scenarios in relation to debts are:
- Goods or services that have been left unpaid by a customer.
- An invoice that a client has refused to pay or has missed payment dates.
- A friend or family member has not returned the money that they have borrowed.
- An employee has been overpaid by an employer and has not paid back the difference.
These are only a few of the examples of how prominent this is and demonstrates how quickly they can occur.
Outstanding debts that have not been returned to the original creditor can create a toxic situation.
Any type of bad debt can make you feel stressed and leave no hope of getting this money back.
Continue reading to find out what the best debt collection services are in London.
Debt Collection Agency UK – What You Should Know?
Even the most comprehensive credit control team may fall victim to a debtor slipping through the cracks.
When a debtor leaves you with unpaid invoices, you must take measures quickly to retrieve the payment.
Knowing how to do this can be challenging if you are unaware of the methods available for debt recovery.
There are a plethora of resources available that can assist in the debt collection process.
Finding friendly and efficient debt collections services in the UK is of paramount importance.
Whilst you could try to recover the debt yourself or use Solicitors, these are both very expensive.
Recovering debt by yourself can take you away from beneficial tasks, such as growing your business.
London is the United Kingdom’s hive for all law firms and some charge as much as £200 per hour.
The most affordable and proactive way to recover an outstanding debt is to use a professional debt collection agency.
Debt Collection Services in London
Get In Contact With Our Experts Now!
Our recommended team of Debt Collection Experts are happy to help with your enquiries.
Finding Local Debt Collectors In London
Whilst most agencies in the United Kingdom will provide a nationwide service, it is usually better to find one that operates in your area.
At Debt Collection London, we provide a dedicated referral service for those specifically needing an agency in the city.
Across our long history, we have accumulated a list of the best agencies in the area through a thorough examination.
Whether you are based in areas such as Watford, Chelmsford, Wembley or Luton, we can recommend the best debt collection agency service.
Which Debt Collection Services Should You Choose?
Our recommended agency for Commercial Debt Collection in England and Wales is Federal Management.
Since 2004, they have operated as the UK’s leading debt collection company for all business debts.
They are also authorised and regulated by the Financial Conduct Authority (FCA) to recover debts under the Consumer Credit Act.
If you require an agency that specialises in Private Debt Collection, we recommend Frontline Collections.
They have recovered millions of pounds worth of debts owed by private individuals since 2005.
Some of their main clients include Independent Schools, Nurseries, Vets and Dental Practices.
As part of their high calibre service, they can also carry out International Debt Collection.
This is an extremely pragmatic service, considering the increasing number of debtors based overseas.
Both agencies have demonstrated a high average success rate of 90% on all undisputed debts.
All of our recommendations provide you with the most efficient, affordable and proactive service.
If you have an absconded debtor, and companies house is showing no signs of help, our dept collectors provide an expert tracking service.
If you are owed money by a business or individual in London, do not hesitate to contact us today.
Debt Collection Services in London
Get In Contact With Our Experts Now!
Our recommended team of Debt Collection Experts are happy to help with your enquiries.
Debt Collection Services London – Frequently Asked Questions
Who Are Debt Collection London And What Do They Do?
We began in 2006 as part of the UK Debt Collection Bureau and act as a referral agency for London’s best debt collectors.
How Much Does Your Referral Services Cost?
Our service is free and takes the hassle out of you having to approach numerous debt collection agencies.
Do You Vet The Companies That You Recommend?
Yes, to become a member of our Debt Collection panel, each firm is subject to various security checks.
Why Should I Use A Debt Recovery Agency To Recover Debts?
You’ll see much more success by hiring a Debt Collection Agency that has expertise in such matters.
Should I Choose A Debt Recovery Company Or A Solicitor?
Solicitors are process-driven whereas our partner Debt Collection firms are results-driven and proactive.