The Cash Protection Agency is a debt collection agency that is based in the midlands. It was established in 1993 and has collected over £30 million in outstanding debts since.
For impartial and free advice, on how to recover your debts now, you can call us on 0800 433 4113.
Commercial debt recovery Northampton
For any business being faced with invoices that have not been paid is normal, it can be as a result of bad luck in business, lack of ample time to run down customers that have not paid their dues or being too lenient with customers. It also happens to be normal for businesses to develop cold feet because of the high costs that are associated with debt collection agencies and the threat they pose to the relationship between the clients and the business.
Through our diplomatic and professional approach, we are keen not to impact those bonds between our clients and their customers and at the same time, we recover their monies for them. Most of these clients end up being repeat clients. Since the agency was established in 1993, we have been able to collect over £30 million for our clients.
Our debt collection service
Q: Is it true that is better to write off debts than to hire expensive debt collection agencies?
A: Unlike most companies that charge a huge set up fee, we don’t have such fees. Also, our pricing is based on a sliding scale that depends on the age of the debt.
Ideally, we are also able to recover our costs from the other side courtesy of the EU Late Payment Directive.
Q: Do you harass debtors with those dodgy bailiffs?
A: we have heard this quite a number of times but, it is very untrue.
First, we only use bailiffs that have been approved by the courts. Also, court proceedings to most debtors are a last resort. Action through the courts is very rare. The cost involved in the court processes adds to the burden of the debt. Instead, most debtors would prefer to negotiate a payment plan or clear the debt. We are firm with debtors but we are fair and diplomatic and work hard to maintain the good relationship.
Q: Is it possible to collect on an invoice that hasn’t been paid for 2 years?
A: it is possible to collect unpaid debts that are as old as six years. However, the time allowed might differ based on the outstanding county court judgement. IF you would like to know if it is possible to recoup an unpaid debt, feel to reach out to us through a telephone numbers or by filling out the enquiry form.
Q: If you can’t collect the debt what happens?
A: In isolated cases recovering the debt proves to be impossible despite our best efforts. Since we don’t operate on a no-win no-fee basis, we request for a discontinuance fee from £85 to cover our work. If you also decide to stop the collection process, the same fee is applicable.
Q: What if the debtor moves and does not share the new contact information?
A: We offer a tracing service with some highly experienced and highly trained tracing experts. The chances of locating such an individual with the help of this service are very high.
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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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