Recovering Debt
Debt
recovery services are provided by Credit Collections (UK)
Ltd. We can assist with your debt recovery whether you are a
large corporation, limited company, sole trader, landlord or
a sole trader. Having unpaid invoices costs you time and money.
Credit Collections (UK) Ltd are debt collection specialists and
we will save you time in recovering your debts thus improving
your cash flow and saving you money.
 Many
debtors only pay when they receive a demand for payment from
a debt recovery agency. Our correspondence to debtors is designed
to inform them that you are serious about recovering a debt.
Debtors are given a reasonable deadline in which to settle before
the possibility of legal proceedings. Our approach is firm but
fair and in accordance with all guidelines issued in relation
to fair debt recovery practice.
Credit Collections (UK) Ltd has been registered as a debt
recovery agency for over 20 years and is licensed by the Office
of Fair Trading for debt recovery. Credit Collections (UK) Ltd
is also a member of the Credit Services Association (CSA) and
many of our debt recovery staff are members of the Institute
of Credit Management, thus assuring you we are professional in
our approach to debt recovery and always operate to the very
highest ethical standards.
Upon receiving your instructions a demand for payment will
be sent to your debtor the same day. The letter gives your debtor
7 days in which to either settle the account or provide a reason
as to why the debt has not been paid. During the 7 days we will
contact your debtor by telephone, fax, email or text message
to confirm that they have received our demand for payment and
ask for an indication of their intentions in relation to settlement
of the debt.
Our aim is to have a secured agreement with the debtor to
clear the debt by the deadline provided. Depending upon the outcome
of our negotiations we can determine whether further debt recovery
procedures will be required.
In order to optimise your chances of successful debt recovery,
we ensure a constant evaluation process of the debt in question.
Additional information in relation to your debtor is actively
sought. We endeavour to obtain mobile telephone numbers, email
addresses, alternative addresses and to also resolve any queries
the debtor may raise so as to speed up the debt recovery process
and secure your payment.
At Credit Collections (UK) Ltd we do not believe in the automatic
referral of debt recovery matters for legal action. Credit Collections
(UK) Ltd will only recommend legal action if we believe it will
be successful, thus saving you the possibility substantial court
costs and the possibility of not being able to enforce Judgements
obtained in relation to non recoverable debts.
However, should the need arise, Credit Collections (UK) Ltd
will instigate County Court, High Court, Bankruptcy or Winding-up
Proceedings on your behalf via our in house Legal Department.
We administer proceedings, make or arrange for the necessary
appearances in Court, and most importantly keep you fully advised
of developments and legal costs to ensure a cost effective debt
recovery legal service.
| 1
Sheffield Road, Dronfield, Derbyshire S18 2DH |
Telephone:
01246 411931 Fax: 01246 290130 |
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