Collection Agency – The Best Way To Recover Debt

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Collection Agency – The Best Way To Recover Debt

Disputes, unpaid invoices and late payments can all cause unwanted headaches for businesses of every size. Losing money to situations like this can turn an inconvenience into a problem. Business debts must be recovered as soon as possible.

The topic of collecting debts is something that all businesses must look at eventually. When the situation arises, it is important to resolve it as quickly as possible. If money is lost, your businesses cash flow will suffer. As a result, you may not be able to pay your own bills, and the company will be at risk.

Many companies have internal processes that deal with credit control. However, a determined debtor will go to almost any length to avoid paying what they owe. In cases like this, a professional debt collection process is required.

Best4DebtCollection is the UK’s foremost debt collection referral service. Since our opening, we have helped to collect money for both large and small businesses, as well as private individuals.

Our partners are the leading debt collectors in the UK, and provide specialist recovery services for every circumstance. In this article, we list the main types of collection agencies and how they can help you and your business.

Types of Collection Agency

Every case of debt is unique and has its own set of circumstances surrounding it. Knowing which type of debt collection agency to search for can help you to find the best solution.

By using Best4DebtCollection’s free service, you can save both time and money searching for an agency yourself. Our award-winning partners can help you to recover your money quickly and at a low cost. Complete our free to use web form now.

Commercial Debt Collection Agency

A business debt collection agency specialises in recovering money for companies. This might be anything from a large corporate enterprise to a small business in any town or city in the world.

Commercial debt collectors have in-depth knowledge of every working sector and insights into how businesses operate.

A good collection agency business will provide an effective service that is approved and regulated by a recognised accreditor. An example of this could be the Financial Conduct Authority (FCA).

We have a large number of partners that are dedicated commercial debt collection agencies. They help both large and small business owners to recover what is owed to them on a daily basis. Regardless of the circumstances, be it a breach of payment terms or an unpaid invoice, our partners can help.

Private Debt Collection Agency

Private debt collectors provide their debt collection services to private individuals. This includes personal debts, such as money loaned to friends or family, as well as self-employed people.

In many cases, private individuals are unaware that they can utilise the services of a professional debt collector. Most people have reached a point where their own attempts to collect a debt have become too costly to continue.

It is common for people to make phone calls or send emails and direct messages to their debtors. However, private individuals have no means of enforcing a debt. Teaching themselves how to do so legally and properly is a full-time job.

Most private individuals consider debt collection services as an expensive option, and therefore they will not consider it. This is understandable, as some debt recovery options such as a debt collection solicitor can cost thousands of pounds. However, a debt collection agency provides a low-cost and effective service, making the solution open to almost anyone.

If you have a private debt that needs to be collected, complete our free to use web form now.

International Debt Collection Agency

Many debtors believe that if they reside in or move to another country, any debt they have will magically disappear. This is simply false. A skilled international debt collection agency can help to recover money for the original creditor no matter where the debtor is.

An international debt can be either a commercial or private debt that is owed by someone in another country. Whilst the collections process is similar for the most part, specialist knowledge is required to effectively recover a debt from overseas.

Best4DebtCollections has partnered with a number of leading and approved international debt collection agencies. These award-winning partners provide the UK’s leading cross-border collections service. They have helped to recover millions of pounds worth of international debt.

Use our free web form to find the best international debt collection agency for your debt.

Finding the Best Collection Agency

Whether you require a debt collection agency for small business or a private individual, there is a solution. Regardless of the circumstances of your debt, be it an owed credit card bill or an unpaid invoice, our award-winning partners can help.

Best4DebtCollection provides the UK’s leading and longest-running debt collection comparison service. Our service is completely free and open to anyone, regardless of location and whether you are a business or individual.

Our easy to use web form takes less than 30 seconds to complete. With it, we can connect you with the leading debt collection agency for your debt.

Some benefits that our award-winning partners provide include:

• Average 90% debt recovery rate on undisputed debts
• Lowest commission rates, from 6%
• Fully comprehensive and accredited service

If you need help recovering a debt, complete our web form now.

Our in-house debt collection experts will assess your debt and find you the best debt collection agency available.