Debt Recovery Solutions UK

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Debt Recovery Solutions UK

Are you having trouble with clients who aren’t paying you for work you’ve recently completed? Or business customers who will not pay invoices on time or at all?

It can be an extremely stressful situation having to deal with clients who are not paying what they owe, and this can be made even more difficult thanks to the current economic climate.

The Coronavirus pandemic has made it particularly easy for those not paying to make excuses as to why they cannot pay – this should be NO excuse.

Regardless of the stressfulness of this situation, please do not worry. You are not alone in this and the process of debt collection is a lot more common than you may think.

When looking for a Debt Collection Agency to recover your owed monies, it’s imperative you choose the right company in regard to financial and practical terms.

Clients often tell us that speaking with various debt collection agencies can be a confusing task, as there is a lot of information to discuss which isn’t second nature to them. Unexpected or hidden charges have also been known to appear when speaking to the wrong or ill-intentioned agency.

Find The Best Debt Recovery Solutions In The UK

Our trusted network of award-winning partners is able to help you recover any type of debt. Just complete our quick web form to use our free debt collection agency referral now.

It’s crucial you remember that not all debt collection agencies are the same.

As members of the UK Debt Collection Bureau, we have a large list of partners who have extensive experience in compliantly collecting debts in the London area and across the globe.

We will only recommend agencies that are reputable and have similar ethics to our own, to ensure you get the best service possible and minimise costs overall.

Debt Collection Services

When it comes to the topic of Debt Collection, there are three main options to recovering your debt: Commercial, Private and International Debt. The option to choose is specifically dependent upon the details of the debt itself, and who or what businesses are involved in the process.

Commercial Debt Collection is primarily for those who have business debts or operate a B2B service, whilst Private Debt Collection is for private individuals, or those who mainly work for or on behalf of themselves.

Based on the three main types of debt recovery services, we have gathered our top 3 recommended partners who we believe have the best option for you.

Our recommendations focus on maximising the recovery of your debts whilst minimising the cost and hassle for yourself.

Debt Recovery Solutions UK

Commercial Debt Collection

Commercial businesses usually work on 30- or 60-day payment terms on their invoices, so it is common that these are only paid after works have been carried out.

Difficulties arise when a company has not paid on time or at all and can create serious implications for the organisations cash flow.

For those who aren’t well-versed on recovering monies owed, this can seem like mission impossible. It’s recommended to acquire the services of a debt collection agency if invoices are unpaid as to save time, resources and money.

Our recommended partner for Commercial Debt Collection requirements is Federal Management, who have been rated the Industries No1 in the UK for businesses. Since the organisations opening in 2004, Federal Management have recovered millions of pounds ever year for companies across the country.

Key Benefits of Using Federal Management for Commercial Debt Collection:

  • UK’s Lowest Commission Rates From 6%
  • Up to 90% Recovery Rate on Undisputed Debts
  • No Collection = No Collection Costs to Pay
  • Over 15 years industry expertise in most business sectors
  • Authorised by the Financial Conduct Authority (FCA)

 As listed above, one of the key benefits of using Federal Management’s debt collection services is its “No Collection = No Collection Costs to Pay” policy. Unlike other agencies out there that operate a hidden-fee operation, this ensures the client only pays if a successful recovery is made.

Find out more about the Commercial Debt Collection services Federal Management can offer at www.federalmanagement.co.uk.

Private Debt Collection

Following the devastating effects to todays economic climate due to COVID-19, it’s even more imperative that any debts be recovered to ensure you’re not out of pocket in an extremely stressful period.

Working on behalf of a company that is owed money can be hard for all involved and may have a big impact on the cash-flow of the business so if you’re an individual that is owed money, this can make things even worse.

Not only will this hit you harder as the money is owed to you personally, but having to recover the money on your own can be a large time-wasting exercise when you could easily be carrying out more work.

This is usually the grounds to procure a private debt collection agency to undertake the recovery of your monies owed.

Whether you’re a tradesman, dentist or accountant, our recommend partner Frontline Collections can assist you.

Why Use Frontline Collections for Private Debt Collection Requirements:

  • High Collection Rates and Low Commission Rates
  • On Avg. 90% Recovery Rate on Undisputed Debts
  • Members of the Credit Services Association
  • Over 15 years industry expertise in most private sectors
  • Dedicated London collection office

Did you know? Frontline Collections recently became the UK’s first debt collection agency to be awarded “Gold Supplier Status” by the Independent Schools Association. In the near future the organisation will be assisting many ISA members with outstanding school fees.

Find out more information regarding this, visit https://youtu.be/l5kd2YE9

Find The Best Debt Recovery Solutions In The UK

Our trusted network of award-winning partners is able to help you recover any type of debt. Just complete our quick web form to use our free debt collection agency referral now.

International Debt Collection

As mentioned above, having to deal with the recovery of a debt independently can be extremely challenging, but having to deal with a debt that’s based in another country can make this seem like mission impossible.

International Debts may leave you asking yourself:

  • Will my debt be impossible to recover if the debt is from another country?
  • Is my debt void if the debtor flees to another country?

You are not alone in thinking this, as we’ve had lots of clients asking us the same questions when needing a recommendation for an international collection agency. The easiest answer to these questions is no.

international debt collection Debt Recovery Solutions UK

Our recommended partner to handle your overseas debts is Frontline Collections who have an expert team of international collectors with extensive experience working across the globe.

There are many parameters to overcome when collecting international debts including time-zone differences, language barriers and various laws and regulations. These barriers are no match for the team at Frontline Collections and they will do everything to ensure a successful recovery.

Reasons To Choose Frontline Collections To Undertake International Debts:

  • Fully inclusive low-cost service
  • FREE initial assessment & investigation
  • Proactive and Professional approach
  • High Overseas Debt Collection Success Rates
  • International Network of Trusted Agents

For more information on the International Debt Collection service that Frontline Collections provide, visit www.frontline-collections.com

Debt Recovery Agency – Who to Choose

Whether you have a Commercial, Private or International Debt that needs recovering, our trusted partners, Frontline Collections and Federal Management, are on hand to ensure a hassle-free and affordable service.

At Debt Collection London, we provide a free initial analysis of your case and advise whether or not there is a valid debt to chase.

We will then refer your details to the most appropriate agency to deal with your situation.

Don’t hesitate to get in contact today if you have invoices unpaid – the quicker you have your debts recovered, the better.

Contact us on: enquiries@debt-collection-london.com or 0333 043 4417

Find The Best Debt Recovery Solutions In The UK

Our trusted network of award-winning partners is able to help you recover any type of debt. Just complete our quick web form to use our free debt collection agency referral now.

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