International Business Debt Recovery?
A commercial debt collection agency with experience of working worldwide will help recover money owed to your business.
A healthy cash flow means a healthy business. Commercial debt collection by professionals with international experience can secure your vital cash flow and safeguard the future of your business whilst still maintaining the best possible working relationships with your clients in the UK and overseas.
Recovering a business debt can be a challenge for business owners resulting in complications which have the potential to cause further delay and expense, leading to undue stress for business owners. Taking advantage of professional advice from experts who have specific experience of dealing with slow paying debtors in countries all around the world will keep your business cash flow on an even keel. An experienced international debt collection service understands the issues involved when it comes to business debt recovery at home and abroad.
Your Business Is Unique and Deserves a Unique Solution
Choose the right commercial debt collection service to benefit your business – a service that understands your individual business requirements and can provide a debt recovery solution tailored to your specific needs. Whether you have an individual debt owed or you’re in need of a bulk debt recovery service, a professional debt collection service with experience of recovering sums owed by international debtors will minimise any future risk to your business when dealing with clients.
Enlisting the services of financial experts will not only benefit your business by providing debt and credit management solutions tailored to your company’s specific business needs – it will take the burden off your shoulders, leaving you free to grow your business. With so many options available, you’ll maximise your business cash flow and streamline your financial operations for a more secure future. An experienced commercial debt collection services provider will assess your specific business requirements and offer you the information and resources vital to build your business with confidence.
Choose a company that has a proven track record and enough confidence in their ability to recover debts on a “No win, no fee” basis.
If your business faces outstanding debts from clients overseas – don’t waste more money on outsourcing the debt recovery process. Take advantage of the reassurance that’s guaranteed with a “no win, no fee” expert recovery service.
Services
Proven Track Record
It is vital that you only entrust your business finances to a commercial debt recovery agency backed by the solid credentials and expertise gained from many years in the industry which includes recovering outstanding payment from overseas debtors.
Maintain Relationships
Debt recovery is a specialised field – it’s not only your finances that are at risk, it’s your business reputation too! Whilst you need to recover debts owed to your business, it is in your interest to maintain business relationships for the future.
Check the Reputation
Take the time to do your due diligence. Look for an ethical international debt collection provider with a reputation for transparency and reliability.
About Debt Collection Services
What are the Industry Standards for commercial debt collection services?
With so many providers and so much information available on financial services, choosing the right commercial debt recovery service for your business can seem overwhelming. However, in order to enable you to make an informed choice, there are a number of credit rating systems and association memberships that have been established to ensure the ethical standards of commercial debt collection services offering you peace of mind when making your choice.
What to look for:
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ACA Membership - The International Association of Credit and Collection Professionals (ACA) was founded to ensure ethical standards within the industry and to maintain the value of credit collection professional within the broader business community. Check to make sure the international debt collection agency you choose displays ACA membership.
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Assurance from Creditsafe Score and Equifax Rating - Make sure the debt recovery service you choose enjoys high Creditsafe and Equifax scores, specifically, an Equifax ‘A’ rating. Equifax is one of the longest established credit rating companies in the world whilst Creditsafe is the UK’s market leader in providing credit information on more than 4.5 million UK businesses.
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Licences and Insurance – your right to confidentiality and data protection - You need to ensure that all your business information is stored safely. Confidentiality is a vital issue when it comes to your business and financial records. Ask about a debt recovery agency’s data protection policies and make sure that they are compliant with the new GDPR rules. Your information should be stored in a secure manner for a designated period of time and then securely destroyed.
There are related licenses and laws for your protection - your commercial debt collection service should have their company information, including Company and VAT Registration Numbers, freely available. Check they’re licensed under the Data Protection Act, and also fully covered by comprehensive professional indemnity insurance.
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Effectiveness combined with strong ethical and professional standards - Check to ensure that the debt recovery provider offers competitive rates and a personal service. Most importantly, your provider should have a proven track record in recovering debts due, both in the UK and worldwide. Their initial assessment of your unpaid debt portfolio and any indication of a timeframe for their recovery should be based upon detailed consideration of the circumstances which led to the debt, any efforts you have already made to recover monies due, and the state of the debtor’s business.
A debt collection service that fulfils all the above criteria and that enjoys a proven track record of success in recovering debts worldwide will have the confidence necessary to offer their services on a contingency basis – that is “no win, no fee”.
Don’t compromise and risk the future prosperity of your business! Look for a reputable debt recovery provider established in the global commercial debt recovery sector with healthy credit ratings and association memberships.
Contact Us
- London: +44 (0)207 305 5059
- Head Office: +44 (0)114 24 999 70
- UK Freephone: 0800 694 0484