FCA Regulated Debt Collection
Federal Management are one of a small number of FCA Regulated Debt Collection companies that are fully and appropriately authorised to recover FCA regulated debt. In the UK’s current climate, it is essential to work with trusted companies that deliver professional business solutions.
This means our procedures and practices have been fully approved by the Financial Conduct Authority in the United Kingdom and also we abide by the terms on which our licence has been granted. The majority of Debt Collector firms are either not licensed or carry a interim/minor permission to perform basic debt collection roles with restrictions. Such restrictions may include not being allowed to hold clients money and such like.
For full approval to be given, a Debt Collection Agency is subject to intense scrutiny both in terms of its ethics and integrity. Even the company’s Directors are judged on their fitness for purpose and the company’s debt collection strategies are scrutinised to ensure they are fully compliant.
FCA Regulated Debt Collection Agency in the UK
At Federal Management, we pride ourselves on being 100% ethical in terms of our conduct. This also applies to our modus operandi. We operate a transparent pricing structure and do not have hidden fees or conduct drip pricing. Nor do we have any ties to ‘debt management’ companies or personal insolvency firms.
It is very important to clearly state that using a non FCA approved debt collection agency to recover FCA regulated debt is illegal. This can land companies in serious trouble if they do not adhere to the guidelines and framework in place for such.
The FCA takes its approach to the Debt Collection Industry very seriously. We welcome its efforts to improve it to eradicate bad practice whilst improving the standards for both clients and the general public.
As well as receiving full approval from the Financial Conduct Authority, Federal Management are also ISO:9001 accredited. We also have previously received awards from Investors in People for staff development and training. That is is additional to accreditations from the Credit Services Association and Financial Services College.
Debt Collection Agency regulated by the FCA
Last year we became the first and only FCA Debt Collection Agency to be accredited by the Financial Services National College. We’ve also held the Investors in People award for several years.
Everybody knows a quality company stands behind a quality service. If you are looking for a Premier solution for your FCA regulated Debt Collection Agency requirements, then Federal Management are the answer. Our service is fully compliant, ethical and we adopt best practice at all times.
For a free appraisal of your FCA regulated debt collection requirements, speak to one of our expert advisers today. Either by the chat option, contact form or by calling us free on 0333 043 4420
