Business Debt Recovery
Business Debt Recovery
Business debt recovery involves the utilisation of a debt collection agency to recover an outstanding debt. These agencies often use a multitude of resources and methods to do this.
Most debt collection agencies have well-trained staff who are versed in the art of negotiation which enables them to perform business debt recovery professionally
Generally, debt collection agencies will also have a legal department who handle debts should county court proceedings be required
For those businesses that don’t have the time, resources or know-how to collect their debts or unpaid invoices then business debt recovery is the way to go
As the majority of businesses do not wish to go to court, either for the negative publicity or to have CCJ’s registered against them, generally they will be more than willing to resolve the debt prior to it being passed for court proceedings
As part of the business debt recovery solution, the debt collection agency will attempt to find the best solutions to recover the debt without the need for court proceedings
This can be through a variety of methods such as sending demand for payment letters, utilising self-employed debt collectors to visit the premises which both give the chance for a debtor to resolve the issue without the negative impact it could have against their company if court proceedings were issued
These methods are considered to have the highest success rates in the collection of a debt
Other business debt recovery services that you may be provided with can include regular updates via email or by fax which will keep you in the know on what is happening with your case
A business debt recovery service need not be expensive, either, as you will generally pay a small administration fee, or a fee upon collection and these feed can sometimes be added to the debt
Using a business debt recovery agency can be a very smart move
Business Debt Recovery Frequently Asked Questions
Do You Just Deal With B2B Debt Collection?
We are the UK’s leading Business Debt Collection specialists but can also help with Personal Debt Recover
What Is Your Recovery Rate?
We collect as much as 90% on undisputed Business debts
What Are Your Commission Rates?
Our Commission rates start from as little as 6% upwards dependant on the value, volume and complexity of the debts
Are You A Professional Company?
Yes, we are a Multi-Award Winning FCA Regulated Company that has operated since 200
Do You Have A Minimum Debt Value You Will Act-On?
It depends on the nature of the debt. Normally £500+ but we can usually help or give advice for smaller amounts
A Foreign Customer Owes Us Money, Can You Help?
Yes, we have a network of trusted, accredited Debt Collection partners around the world and have recovered millions for our clients