Debt Recovery Collection Agency

Share this post!

Debt Recovery Collection Agency

Are you an individual or business based in Manchester having issues with people or clients not paying their debts? At Debt Collection Manchester, we offer a FREE debt collection agency referral service with the promise to put you in contact with the right agency to suit your requirements.

There has been an increase over the last few years with more and more people needing Debt Collection services in Manchester. Luckily for those who are owed money, more options have become available and using a professional collection agency has become the preferred method of debt recovery.

Traditional methods of collecting debts in Manchester such as solicitors have been proven to be very expensive and take significantly longer to reach a successful collection. Debt Collection Agencies come with a lot more benefits and have high collection rates to accompany this.

It is vital that when choosing a Debt Collection Agency to undertake a recovery of money owed to you that you choose the right company.

Making the wrong choice can be extremely costly and worse than making no choice at all. Debt Collection Manchester have the most experience of referring collection agencies in Manchester.

If you or your business are experiencing difficulty with debtors who aren’t paying, choosing to use the services of a debt collection agency is the best way forward.

As members of the UK Debt Collection Bureau, we have a large network of trusted partners who are all vetted by us, have extensive industry experience and hold accreditations such as ISO9001.

Whether your debt is of Commercial, Private or International, our FREE referral service will give you all the information you need to ensure a quick, effective and hassle-free delivery of your money.

Debt Collection Agency Manchester

It is imperative that in the current economic climate that you maintain a consistent and steady cash flow. It is important to know what to do should clients not pay on time or at all, as to ensure your finances are not affected.

There are various procedures that can be put in place to reduce the rate of bad debtors but there are times when this cannot be avoided. Research shows that the amount of businesses suffering from unpaid invoices is on the rise with at least 57% of businesses in the UK included in this.

At Debt Collection Manchester, our referral service  recommends the leading agencies in the industry for  all types of debt, including Commercial, Private and International Debt Collection.

Commercial Debt Collection

If you are based in Manchester and work in a B2B setting, you will know the difficulties that can arise when it comes to having clients pay their invoices late. This can be made even worse when the client chooses to not pay at all.

Leaving accounts unpaid for a large amount of time can be an expensive mistake, as the longer you leave a debt owed to you unpaid, the closer it is to becoming void. All debts in the UK cannot be recovered after a certain amount of time. This process is known as “Statute Barred” which is outlined under the Limitation Act 1980.

This act explains that the person or business who is owed money has only six years to chase the unpaid debt. The period of time starts from the last known acknowledgement of the debt or from the last payment.

It’s vital that you take measures to recover your debts quickly as to not prolong the impact this will have on your cash flow and your business..

As part of our list of trusted partners, we recommend Federal Management for all of your Commercial Debt Collection requirements.

Federal Management has recovered millions of pounds for companies since opening in 2004 and continues to be Manchester’s No1 for Commercial Debt Collection.

Why Use Federal Management?

• UK’s Lowest Commission Rates From 6%
• Up to 90% Recovery Rate on Undisputed Debts
• No Collection = No Collection Costs to Pay
• Over 15 years industry expertise in most business sectors
• Authorised by the Financial Conduct Authority (FCA)

Using the services of a collection agency such as Federal Management is the quickest and most cost-effective way of getting your debts back.

Private Debt Collection

Working as a freelance or independent worker can be challenging at the best of times, so when you’re faced with the difficulty of non-paying clients this can be make being self-employed even worse.

Alternatively, if you are owed money by a friend or family member, you can also use the services offered by a professional debt collection agency.

Recent financial studies has shown that around 50% of independent workers have had experience with clients not paying on time or at all. This figure is extremely worrying especially in the current economic climate where sustaining cash flow is extremely important.

Knowing how to handle non or late payers is essential to maintaining a healthy cash flow, as this wil in turn drive the lifetime and success of your business.

Recovering debts on your own can be an extremely time-consuming exercise and the result is not always guarenteed, so it’s recommended to instruct an agency to undertake the recovery of your monies.

The recommended agency for Private Debt Collection solutions is Frontline Collections.

Frontline Collections have over 15+ years experience recovering debts for a wide range of sectors including tradesmen, accountants and dentists.

Examples Of Why You Should Use Frontline Collections

• High Collection Rates and Low Commission Rates
• On Avg. 90% Recovery Rate on Undisputed Debts
• Members of the Credit Services Association
• Over 15 years industry expertise in most private sectors
• Dedicated collection office in Manchester

Did you know? Frontline Collections were recently awarded “Gold Supplier Status” by the Independent Schools Association making them the UK’s first collection agency to be awarded this title.

Every case regarding unpaid school fees is dealt with by a Debt Collection officer with a wealth of experience. A proactive and professional strategy is applied to every case that Frontline Collections deals with, ensuring every measure is taken to collect unpaid debts.

International Debt Collection

Dealing with the recovery of a debt independently is often perceived as being extremely challenging and time-consuming, so when you have to deal with unpaid invoices that are based overseas this can make things even more costly.

You or your business may need debt collection in Turkey, Ireland, California etc., to name a few.

There are many factors to consider when collecting a debt from overseas including language barriers, time differences, laws and regulations.

Our recommended partners can both carry out International Debt Collection. They both have the UK’s leading experience working with international debts, ensuring high success rates.

Reasons To Choose Frontline Collections To Undertake International Debts:

• Fully inclusive low-cost service
• FREE initial assessment & investigation
• Proactive and Professional approach
• High Overseas Debt Collection Success Rates
• International Network of Trusted Agents

For more information on the International Debt Collection service that Frontline Collections provide, visit www.frontline-collections.com.

Included within our FREE service, we will perform a fully comprehensive and in-depth analysis of your debt and will be able to report on the probability of a successful recovery.