FAQs About Our Business Debt Recovery Service
We’ve answered some common queries below so that you can make an informed decision when handling business debt collections.
I have business customers across the UK. Can Federal Management still help?
Yes, we understand regional laws can differ, so whether you need to collect debt in Glasgow or London, we can provide expert debt advice. We also have trusted global partners worldwide who have the knowledge and experience to recover debts from different countries and time zones.
How much do your commercial debt recovery services cost?
There are varying factors that affect the cost of business debt recovery, but you can rest assured that Federal Management’s solutions are quick and cost-effective in most cases. It is a simple fact that not all cases are the same for small business debt collectors. We will conduct a free, frank appraisal of your potential for debt collection success to save you time and money.
We provide low, fixed-cost commercial debt recovery services. This is reflected in our industry-low commission rate that starts from only 6%. Our business debt recovery company does not charge abortive fees or charge you a commission fee if we are unsuccessful.
Can you guarantee successful B2B debt recovery?
We guarantee to put 100% effort into trying to collect your payment, but we cannot implicitly guarantee collection. However, we do collect 90% of the debts we take on and offer a free pre-action analysis to measure the potential of success.
This will give you an honest prediction of the chances of reclaiming money from your debtor so that you know what to expect before we take on your case.
What are the legal guidelines for small business debt recovery?
For business debts, it is recommended to follow the legal guidelines set out by the Financial Conduct Authority (FCA). According to FCA guidelines, the debt collection process must be fair, transparent and non-menacing. If a company needs to collect debts on behalf of a creditor, it is important that they do so discreetly and professionally to protect the business’s reputation.
What happens when debtors won’t pay?
If the debtor fails to respond or make payment, you can seek help from a third party with the debt recovery process. This is often via a debt collecting agency, like Federal Management, or a law firm. Hiring a debt collection agency is often a more cost-effective option than using a costly solicitor to issue legal proceedings.
Trust our business debt collection agency to recover overdue debts quickly and discreetly. Contact our team today to fast-track debt recovery and claim back your business’ cash flow.