High Value Debt Collection
Dealing with High Value Debt Collection comes with its own challenges. Ensuring all actions are taken appropriately is essential to achieve the desired results. If the actions taken to recover a debt are not compliant and lawful, it can prejudice the debt in question itself. High Value Debt Collection cases typically come from high end companies dealing in large amounts.
That said, there are also many individuals that require a Professional High Value Debt Collection service. Gone are the days of a reliance on the traditional protractile legal methods. Many Companies and Individuals turn to Professional Debt Collection Agencies as a more expedient and cost friendly solution.
The issue of High Value Debt Collection
As mentioned, the well beaten legal route was once the first port of call to collect high value debts. Ever increasing Solicitors costs and Court fees make Professional Debt Collection a more attractive proposition for many. Obviously not all Debt Collection Agencies are the same.
A Professional and experienced Debt Collection Agency will be well versed on the protocols involved with high end debt recovery. This is not just recovering a small debt for an overdue invoice payment. Very often we find that more background investigation has to go into high value debt collection cases.
Federal Management has many years in dealing with high value accounts and debts. These amounts have ranged from the millions to the hundreds of thousands. All have the same common denominators. Somebody who simply does not want to pay what they owe.
Working with a Professional Debt Collection Agency can save you time and money. Once you have built up faith in what a Professional firm can do for you, you would be amazed at the amount of work that goes into recovering a high value debt. Actions taken can range from financial investigations. This includes looking into financial interests, shareholdings of companies and asset searches. Knowledge is very much power when it comes to cornering a High Roller who is evading paying their dues.
Who requires High Value Debts to be collected?
We have helped many high end Businesses recover vast sums owing to them. This includes High Roller Casinos in London and across Europe. Wealth Management and Investment Companies are another sector that has required our services as and when.
The executive lettings market is constantly facing a battle with ‘wannabes’ renting plush properties they cannot afford. We have also helped a number of Premier League football clubs recover sums due to them for a wide range of things. Everything from travel costs that were not paid for to unpaid fees for loan signings.
One common requirement that all these prestigious entities viewed as essential was a proficient and discretionary approach. This is one of our common practices. We act in a manner that enriches our own reputation and preserves the brand of our clients. We understand the need for a stealth like approach, but one that delivers results.
What kind of People or Businesses owe High Value Debts?
We have dealt with many instances where large sums have been owed from individuals and Businesses. There would be a few eyebrows raised if people knew some of the household names we have had to deal with over the years.
In the past 15 years plus, we have collected debts from high profile politicians, TV celebrities, foreign royalty and many famous sports personalities. Most recently, we recovered a large debt from a Premiership Football star for unpaid concierge services in London.
Regardless of who the person is, they are dealt with in a Professional friendly but firm manner. A specialist High Value Debt Collection service that delivers.
High Value Debt Recovery Case study
We were approached a number of years ago by a prestigious organisation that operates a number of high roller casinos in London and abroad. They had been using a law firm for a number of years to try and collect fees owing to them. The debts varied from failed transactions to debts for hospitality.
There was approximately 35 debts in total and the cumulative amount ran into millions of pounds. Overall, the Lawyers had been pretty ineffective collecting less than 5% of what had been passed to them. The Casino Collective contacted us after receiving a recommendation from some of their Peers for Casino Debt Collection services.
We rana full pre action assessment of the case load and quickly identified strategies and solutions for their problem. Within 6 months we had recovered millions of what was owed to them. This was after the Law firm had exhausted their options and presented them with legal fees running into six figures over the space of twelves months.
The Bosses at the Casino Collective were shocked at the results we achieved. They went on to recommend us to their parent Company in the USA for the recovery of European based Casino Debts. This resulted in one of our Management team flying out to Las Vegas to meet with them.
Need help with High Value Debt Collection?
Using High Value Debt Collection Specialists is an absolute must. If you or your Company need a Expert and Professional Debt Recovery service then you have found it. We provide a Free assessment of your case and deliver an honest appraisal. We have a dedicated High Value and VIP Debt Collection team who are well versed in such scenarios.
Enquire now for immediate same day response to your query. All enquiries are dealt with in the strictest of confidence.