Debt Recovery

All businesses will at some point face the problem of bad debtors or slow payers. Irrespective of your trade or profession the simple truth is debt collection will be necessary at some point. The difference between businesses that recover bad debt and those that write it off is in their proactive management of the situation.

The appointment of a proven, respected third party collection agency is often all that is required to secure or hasten payment from debtors. Research suggests debtors are more likely to respond to requests for payment from collection agencies as their involvement shows late payment or excuses will not be tolerated.

Some would say that writing off bad debt is merely another aspect of doing business. We at Creditsafe would argue that it is your duty to your company to pursue every available avenue to obtain payment before making the decision to write off any invoice.

After all if Poor Payers Ltd is about to go bust and it has £10,000.00 to pay £100,000.00 worth of creditors those who act fastest get paid first!

How does credit recovery work?

Any overdue invoice is eligible for our collection service. The recovery of which is not simply a computer generated letter to the debtor threatening legal proceedings. It's working alongside the debtor and your credit control department to secure payment in the fastest and most cost effective way possible.

Unlike many of our imitators, we do not bombard the debtor with dozens of throw away letters demanding payment. We do use our decades of experience to profile the debtor and identify the best solution to secure payment, whilst working to ensure your relationship remains intact with your customer.

Our trained debt recovery team will attempt to identify any issues with your customer and work with them to ensure payment is received swiftly and in full.

Benefits of Creditsafe credit collection:

The majority of unpaid invoices are paid in full once the debtor knows a reputable third party has been appointed to recover monies.

Save valuable time and resources by allowing someone else to secure late payments, allowing you to concentrate on what is important – growing your business.

  • Debt collection isn't just a function of Creditsafe's business – it is our business!
  • Tried and tested methods of debt recovery increase your chances of recovering your bad debts in full.
  • Dramatically decrease the amount of bad debt you write off each year by partnering with a debt collection agency who can work to secure fast recovery of your outstanding accounts!
  • Send out a clear message to all of your customers that late payment and bad debts will not be tolerated. Ultimately ensuring you're top of the list of people to pay this month and every month.
  • Increase your company's cash flow and effectiveness, giving you an extra edge over your competitors.

With prices from as little as 5% on our no collection, no commission basis, our excellent and cost effective service can start increasing your businesses cashflow today. Call us now on 01772 454505 to discuss your needs with one of our experienced credit managers.