Debt Recovery – The UK’s Leading Debt Collector
Debt Recovery – The UK’s Leading Debt Collector
Debt recovery, also known as debt collection, is the process of enforcing the collection of owed money. Every business in the UK is affected by non-paying clients. If left unchecked, this can have a serious effect on cash flow.
Business owners are no strangers to this subject, and recovering outstanding debt is one of the highest priorities companies have today. Many aim to take matters into their own hands, with in-house credit control teams chasing payments. This, however, can often result in more time and money being spent than what is necessary. Most professional solutions have higher success rates.
There are many reasons for debt recovery to be required. For example, a landlord might need to collect commercial rent arrears. Or, a business registered in England and Wales might need to recover money from unpaid invoices.
It is clear that both small and large businesses need an effective and low-cost debt recovery collection solution.
Federal Management provides a dedicated commercial debt recovery solution and is widely regarded as the UK’s leader in this niche. Our comprehensive debt collection process leaves no stone unturned, and our success rates are the highest in the UK.
Debt Recovery Agency UK – Our Services
As the UK’s leader in commercial debt recovery, we can help in almost any situation. Here are a few examples of how we can assist.
Business Debt Collection
Federal Management has helped thousands of businesses recover millions of pounds worth of unpaid debt since our opening in 2004. Our debt collection agents are skilled and have in-depth knowledge of every industry sector in the UK.
Our commercial debt collection process is well known, and our levels of professionalism are the highest. We are regulated by the Financial Conduct Authority (FCA), as well as the Credit Services Association (CSA). This means our clients have peace of mind that they are receiving the best service available.
International Debt Collection
As well as local and national debt services, Federal Management also provides the UK’s leading international debt collection service. Our low, fixed fee award-winning service helps clients that would otherwise have few options.
International debt collection agents must take different factors into account. This might be something as simple as a language barrier to more complex factors, such as local customs or cultures. Our trusted network of global debt partners enables us to collect a debt from virtually anywhere in the world.
Personal Debt Collection
Smaller businesses, those that are self-employed or sole traders also need a robust debt recovery collection agency. These businesses are often especially in need of help, as they may not have the means to pursue a debt themselves.
Federal Management’s personal debt collection service helps these types of debt. This is as well as debt collection for VIP’s and high-value debts.
Federal Management’s Debt Recovery Solution
As part of Federal Management’s leading commercial debt collection service, we provide several key benefits.
Lowest Commission Rates
Our debt collection commission rates begin from as low as 8%. This helps businesses of every size take proactive steps to recover their owed money.
Highest Recovery Success
The debt recovery rate is one of the most important factors to consider when choosing a collection agency. Federal Management’s average recovery rate is 90% on all undisputed business debts.
Award-Winning and Accredited
As well as being approved by both the FCA and the CSA, Federal Management has won numerous awards. This demonstrates our commitment to professionalism and our dedication to setting the standard in the debt collection industry.
For more information on how Federal Management can help with your debt recovery, speak to us today. Our friendly debt collection experts will provide a free pre-action appraisal of your debt. This will give you a clear cost and time estimation.
Debt Recovery – Frequently Asked Questions
What is debt recovery?
Debt recovery is the process of enforcing the collection of any money that is owed to someone. There are many debt collection companies that specialise in recovering different types of debt. For example, a business debt recovery agency focuses on recovering commercial debt.
What is the process of debt recovery?
Every collection agent has its own recovery process. Some may use face to face tactics, whilst others may take legal action. When searching for debt collection options, ensure that the agency you choose is regulated.
What is the difference between debt collection and debt recovery?
These are the same thing but just known differently. A debt recovery agency provides collection services for those that require it.
What does debt recovery include?
Federal Management’s debt collection services are fully comprehensive and include all aspects of an effective collection process. For more information, speak to a debt expert now.
How much does debt collection cost?
All cases of debt are unique and must be priced individually. Having said that, a debt collection agency can provide lower-cost services than alternative options such as legal proceedings. Federal Management’s commission rates begin at just 8%, for example.