List of Debt Recovery Companies in Birmingham

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List of Debt Recovery Companies in Birmingham

Are you a business or a private individual based in Birmingham searching for a List of Debt Recovery Companies in Birmingham?

When seeking an agency to undertake the collection of money that is owed to you, it is extremely important that you do your research beforehand.

Choosing the wrong debt collection agency can often be worse than choosing none at all and can be extremely costly if mistakes are made.

Trying to recover unpaid invoices on your own is extremely counter-productive to your business, and can have some severe financial side effects if done incorrectly.

Recovering a debt on your own is never guaranteed to be successful, and the time wasted doing so could be used on value-based tasks which will grow your business.

At Debt Collection Birmingham, we provide a FREE referral and advice service to help you choose the best debt collection agency possible in Birmingham.

As members of the UK Debt Collection Bureau, we have a large list of trusted organisations who can undertake your recovery requirements in the utmost professional and cost-effective manner.

In recent years, there has been a staggering increase in the number of individuals and companies that require the services of a Debt Collection Agency.

Research shows that almost 57% of businesses within the UK struggle with unpaid invoices, with a large majority of this located in the areas surrounding and in Birmingham.

As more options have become available, it has become increasingly popular for businesses to use specialist debt collection agencies to recover money rather than the traditional methods such as Solicitors. This is no surprise, as there are more disadvantages than benefits when it comes to using Solicitors as they are typically very expensive and take a long time to achieve a result.

The debt collection agencies that are part of our web of experts offer many benefits including superior success rates, “no collection = no cost” service promises and industry low commission rates, to list a few.

Whether yourself or your business are looking at debt collection services for Commercial, Private or International Debt Recovery, our free referral service can point you to the best agency based on your requirements.

Continue reading as we go more in-depth into the different types of Debt Collection and our preferred supplier in Birmingham for each.

Debt Recovery in Birmingham

When facing a difficult economic climate where cash flow is extremely important, it is a challenging time for most businesses and self-employed professionals.

When a client does not pay for services you have carried out or are late on their invoice payments, you need to act fast to ensure the sustainability of your financial interests.

It is imperative that when instructing a Debt Collection Agency to undertake recovery requirements that you don’t rush to make a decision.

At Debt Collection Birmingham, we only recommended the absolute best in the industry whose ethics and values reflect our own.

List of Debt Recovery Companies in Birmingham – Commercial Debt Collection

If you are part of an organisation in Birmingham that works on a B2B basis, it is unfortunately common that you will experience clients that won’t pay their invoices on time or at all. It is knowing what to do when a problem like this occurs that is important.

Those involved within business credit-control teams may deter these and focus more new business which is bad practice, especially when cash flow is so important. If unpaid debts are put to the side there is a chance that, if left long enough, they will become void.

Debts that are left for too long enter a state called “Statute Barred”. Statute Barred is outlined under the Limitation Act 1980, which outlines that the creditor has six years to chase the unpaid debt. This period starts from the last acknowledgement or payment of the debt.

Do not hesitate to get in contact with a specialist debt collection agency when you are met with difficult clients.

Our recommended Business Debt Collection Agency in Birmingham is Federal Management, who have over 16+ years industry experience in the collection of debts.

As mentioned above, using an agency such as Federal Management has a lot of benefits including:

• Over 16 years industry experience working across a large portfolio of sectors
• Up to 90% Recovery Rate on Undisputed Debts
• Operates the UK’s Lowest Commission Rates from 6%
• Authorised by the Financial Conduct Authority (FCA)
• No Collection = No Collection Costs to pay

The “No Collection = No Collection Costs to pay” service ensures that the person who has instructed the debt collection will only pay should a successful collection be made. Even then, on a successful collection the client will only pay a small commission percentage of the total debt.

Choosing our recommendation of Federal Management will give you peace of mind and will ensure a cost-effective, quick and efficient solution to your problem.

List of Debt Recovery Companies in Birmingham – Private Debt Collection

Facing the difficulty of non-paying clients can make being a self-employed individual a lot harder than it already is.

Research has shown that around half of those who are freelance workers experience these issues which is extremely worrying in the current economic difficulties we face.

Those who work independently will be left to recover unpaid debts on their own which can be counterproductive as the time that is spent (or wasted) on trying to get their money back should be used on procuring new business. Potential mistakes can be made along the way also, which is why it is recommended to instruct a specialist agency for these requirements.

Whether it is for goods, services or wages owed, it is essential that necessary action is taken to help collect the monies owed to you. At Debt Collection Birmingham, we help self-employed professionals on the daily by referring them to the best organisation to suit their needs.

Our preferred and recommended partner for Private Debt Collection Requirements is Frontline Collections.

With over 15 years industry experience, they can help with singular debts to large portfolios with unrivalled results across the industry in a very cost-effective manner.

Some Of The Key Benefits Of Using Frontline Collections’ Services:

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

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

The future holds great prospects for the organisation and the ISA, and Frontline will be assisting many other ISA members within Birmingham in the coming future with outstanding fees.

If you are a self-employed tradesmen or work for a SME, the debt collection solution provided by the experts in the New Business Team pave the way for getting your money recovered.

Don’t prolong getting your money back – get in contact with Frontline Collections today!

List of Debt Recovery Companies in Birmingham – International Debt Collection In Birmingham

Having to deal with clients who aren’t paying for works you have completed can be a stressful subject, and can be made even more so when the debtor is located in another country.

We have worked with many clients in Birmingham who perceive collecting international debt as “mission impossible”, however for a professional debt collection agency this is not the case.

There are a number of factors to consider when collecting an overseas debt, including language barriers, laws, regulations and time differences. These elements can add to a challenging situation, and it should give you peace of mind that our partners are experts in battling these barriers.

The recommended partner for the requirements of Overseas Debt Recovery is Frontline Collections.

Nothingis too much for the expert team at Frontline Collections, and each member of the expert collections team has extensive experience working on behalf of various clients across the globe.

Here are a few reasons why you should choose Frontline Collections to undertake the recovery of your international debt:

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

If it is deemed necessary by the organisation, legal action can be enforced on your behalf to ensure all is done to get your monies back into your back account as quickly as possible.

One of the key elements of Frontline Collections’ success for international debt collection is their network of trusted global debt collection partners, which has been carefully developed over their long history. The services they provide are as transparent, whilst providing peace of mind and ensuring the costs of the recovery process are kept to a minimum.