Business Debt Collection Manchester
Many businesses are faced with the nightmare of having to deal with unpaid invoice but still prefer to right off of the debts instead of hiring a debt collection agency. This is largely accredited to the perceived high cost and risk of destroying customer relations that these agencies have.
The Cash Protection Agency has been able to collect in excess of £30 million using a diplomatic and professional approach. We have been able to do this while preserving the relationship between our clients and their customers. Courtesy of our approach, we now have multiple repeat clients that use our debt recovery service above any other.
Q: Is it not better to write off the debt than hiring your expensive service?
A: There are some debt collection services that can be very expensive. However, this is only because they attached a high set-up fee to their recovery fee. Our services do not have a set-up fee and our rates are on a sliding scale that is determined by the age of the debt which makes the service very affordable. What’s more we don’t charge you if we don’t win back your debt.
For our commercial clients, the cost of recovering the debt is recovered from the debtor in accordance with the EU Late Payment Directive.
Q: Won’t your bailiffs harass my customers?
A: While we are firm with debtors, we are also very fair. We advocate for diplomacy and allow debtors who cannot make one lump sum payment to set up a payment plan. If a court process is absolutely necessary we only use recognised County Court bailiffs or High Court Sheriffs, but this is as a last resort.
Q: Is it possible to collect on an invoice that should have been paid two years ago?
A: Absolutely. We are able to collect unpaid invoices that are up to 6 years old.
Q: Am I guaranteed that you will be able to collect a debt?
A: We have a very high success rate. However, there are certain instances where despite our best efforts, we might not be able to collect the debt, but you will not be charged in this case.
Q: The debtor moved and did not pass on the new information. What can I do?
A: We’re often faced with this situation so we have a very effective tracing service that uses very experienced tracing experts and the latest tracing technology. We have a very high success rate in finding the debtor and claiming back the unpaid debt for you.
Charges are calculated on the length of time that the debt has been outstanding.
Debts up to 12 months old: 15% plus vat (disputed debts 20% plus vat)
Debts 12-24 months old: 20% plus vat (disputed debts 25%)
Debts over 24 months old: 30% plus vat
QUOTE FOR DISPUTED DEBTS OVER TWO YEARS OLD.
Minimum debt charge is £95.00
Pay when we recover. No set up fees or upfront costs.
Bulk collection rates are negotiable and we offer a Platinum service for aged debts over 2 years.
Few other companies offer this service due to the time consuming nature of collecting these debts and associated difficulties in collection.