FAQs About Our Expert Debt Collection in Newcastle
When it comes to commercial debt collection support, there’s nothing our debt collectors can’t tackle! Below are some answers to our clients most frequently asked debt collection questions. If there’s anything we haven’t covered below, feel free to contact our support team.
How Does Your Debt Collection Process Work?
Our debt collection process involves proactive and strategic methods, including letters, emails, SMS, and phone calls. We use:
- Expert negotiation and re-payment management
- Professional collection officers to visit debtors
- Third-party mediation
- Financial investigations
- Robust tracing of debtors
Our team of debt collectors also provides online progress reporting for transparency.
Are Debt Recovery Lawyers Necessary for Collecting Money Owed?
While debt recovery lawyers can be necessary, using a professional debt collection agency in Newcastle is a more cost-effective option. Cases are very often settled without any need to go to court.
Our team will discuss the debt with you prior to taking action, and we will only charge you a flat, upfront fixed fee for our services. We are very familiar with the relevant laws surrounding debt enforcement and do everything with ethics in mind. With legal services, recovering payment can lead to never-ending bills, leaving you further out of pocket.
Do Your Debt Recovery Services Include Legal Enforcement?
No, our company specialises in standard debt collection methods. If enforcement is needed and our efforts cannot recover the commercial debt, we have the resources to refer you to certified bailiffs who can take further action. This ensures you have a comprehensive solution for debt recovery without the high costs associated with legal proceedings.
What Happens if the Debtor Won’t or Cannot Pay?
If the debtor does not have the financial means to pay back their debts, our debt collectors will resolve this by discussing a realistic repayment plan. This ensures that all parties involved are satisfied and that the relationship between creditors and debtors remains amicable and professional.
In cases where this is not possible, we may explore options such as bankruptcy petitions to resolve the situation effectively.
Redeem the cash flow of your business with our expert services for debt recovery in Newcastle. Call us today for a free and frank appraisal of your commercial debt.