No up-front costs –You pay when we recover – No setup fees

It has been over 20 years since the establishment of the Cash Protection Agency. Since 1993 when the agency was first established, we have been able to recover in excess of £30 million in outstanding debts for our clients without charging a setup fee.

If you would like to recover your money, call us now on 0800 433 4113 for free and impartial advice.

Commercial Debt Recovery Blackpool

Any business is likely to be battling with the issue of unpaid invoices. There are different reasons behind what could be fuelling the situation in your business such as not having enough time or resources to keep following the debtors. While unpaid invoices can be detrimental to a business, most will prefer to write them off as opposed to hiring a debt collection agency. This is because of the high risk to customer relationship and the high cost of using such services.

We have been able to collect around £30 million for our clients while using a professional and diplomatic approach in our collection. We have been greatly successful in not only the collection but also ensuring that the relationship our clients have with their customers remains untouched.

Our Debt Collection Service

Q: It is expensive to use your services. Is it not better to write off the debt?

A: Using some debt collection services can be very expensive. This is usually because, in addition to their recovery fees, they also have a setup fee. This is not the case with us we don’t charge a setup fee for our services. Also, our fees are on a sliding scale that relies on the age of the debt.

For our commercial clients, the cost of recovering the debt is usually recoverable from the debtor as per the EU Late Payment Directive.

Q: Won’t my customers be harassed by your shady bailiffs?

A: In our debt collection, we don’t advocate for court cases. We prefer to give the debtors time to pay or set up a payment plan. If the process has to end up in court, we only use County Court bailiffs or High Court Sheriffs.

Q: I have an invoice that should have been paid two years ago. Can you collect?

A: It is possible to collect on an invoice that is up to 6 years old, providing you have been actively chasing during this time. If the invoice is older than 6 years, you will need to refer to the county court judgment in your locality or get in touch with us through our contact form for guidance.

Q: If you fail to collect a debt, what next?

A: In isolated and very rare circumstances, we might fail to be able to recover the debt. However, in such cases, we only ask for a discontinuance fee from £85 to cover the work we have done.

Q: I can’t find the debtor. I think he moved can you help?

A: Other than our debt collection service, we also have a tracing service with tracing experts that have plenty of experience. With this service, there is a high change that we will able to locate the debtor and collect the debt.

Our Charges

Aged debt up to 6 months: 15%

Aged debt 6 to 24 months: 17.5%

Aged debt 24 months plus: 25%

Minimum charge: £65- £200 dependant on debt value

Discontinuance fee: £85 – £200 dependant on debt value

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Testimonials

NHS
Having used Cash Protection Agency since 2002, we have always found them to be effective and efficient. The debts we submit for collection services are almost without exception difficult, problematic, personal debt cases where we have exhausted all possibilities in-house, yet, Cash Protection Agency Ltd always rise to the occasion and their success rate has been high. Their staff are always courteous, helpful and professional, and work in the spirit of partnership with us providing good advice and support.

A Senior Finance Manager in an NHS Trust in the West Midlands