UK Debt Recovery
Debt Recovery Services

Debt Recovery Companies

We are UK Debt Recovery, one of UK's debt recovery companies. If you or your company are having an issue with recovering a bad debt, collect a current debt that the debtor is late repaying, or if you are a collecting agency having trouble with a particularly complex case of debt recovery, our company is the place to go. We are very happy to help you with your debt collecting needs that can be quite cumbersome for any business or private citizen. Keep reading to find out what makes our debt recovery company different from our competitors.

First of all, there are several things you should consider doing before choosing a debt recovery company. Chances are that your debt falls under one or several categories, in which most agencies specialise. For that reason, it is important to do some research into several agencies in order to find out whether they have the skills to take your case. What makes our debt recovery company different is that we have a very diverse clientele with diverse needs and expectations. Our team members specialise in various kinds of debt, and it is very likely that we have the skills and experience to take on your case. We work with small and medium enterprises, large corporations, sole traders, as well as private citizens.

Secondly, there are several legal aspects to be considered when choosing a debt recovery company. For instance, a debt recovery company has to be licensed under Consumer Protection Act 1974 in order to provide its services legally. There are also several professional regulations that apply to the industry and that the debt recovery companies are obliged to follow. UK Debt Recovery is a fully licensed provider of debt collection and recovery services, and we act in full compliance with each industry regulation in each case that we take. We would never compromise our client's integrity and professionalism by employing any illegal practices during our searches for debtors. However, nothing is foolproof and sometimes, a debtor can sue you for alleged "aggressive tactics" used by a debt collection agency. In order to avoid having to deal with a lawsuit and the inevitable costs and expenses that come with it, you need to look for a debt recovery company that has insurance. UK Debt Recovery has the kind of insurance that can protect you in the unlikely event of a debtor taking you to court and we are very happy to prove that to you. It can help you avoid liability for hiring us.

UK Debt Recovery uses the latest technology available on the market that provides us with access to various databases that help us gather as much information as possible about your debtors, including those with bad, or potentially bad debts. Even if you have been trying to get in touch with your debtor or debtors and haven't been able to do so (whether in person or via phone or e-mail), we shall do our best to do that for you. Even if you are a debt recovery agency that has been struggling to find someone for your own client, you can hire us to help you.

It goes without saying that when you choose a company to help you recover your debt, costs is always going to be a factor. Different companies have different payment schedules. For instance, some companies charge a flat fee. This means that:

- A fee is paid upfront for the company's services by you, or

- A portion of the costs is paid upfront and the rest is paid upon delivery.

Other companies work on a contingency basis, which implies paying the whole amount on delivery. Typically, that amount is somewhere between 20-40 per cent of the amount of debt recovered. The exact amount is set by the company and is determined by factors like the time that has passed since the debt repayment deadline, the amount of money owed, the number of attempts made to reach the debtor, etc. This basis is also known as the no-win no-fee basis. Our debt recovery company always works on a no-win no-fee basis. This means that:

- We never seek administrative charges

- You never pay us upfront for anything

- You only pay us if we have complied with our obligations in our service contract and recovered or collected the debt owed to you.

We work so that you could get your money back, and you only pay us when you do. Our excellent track record with our clients shows that this approach works best for us, as well as for our customers, whatever industry they are a part of. We understand that the loss of a debt can be quite stressful for you and your company, and therefore, we do not wish to add to this stress by making you pay a fee upfront, before you get any results. We know that it is almost impossible to recover a full amount of what is owed to you, mostly due to our costs, which is why we work on this basis and do our best to recover as much as possible.

UK Debt Recovery prides itself on creating and fostering mutually beneficial relationships with each and every one of our customers. We place a large emphasis on communicating with you as your case progresses in whatever form that works for you. Members of our team have extensive experience working with most industries active in the UK, and we are certain that we can find an executive suitable for your case and your industry specifically.

However, we also understand that our policies, values and payment arrangements cannot suitable for everybody and it might very well be that you feel that another debt recovery company would be a better fit for you. If that is the case, we wish you the best of luck and advise that you do a thorough research of all the options available to you prior to selecting the one that you believe would work best for your case.

If you have any questions about our debt recovery company, or the work that we do, don't hesitate to get in touch.