Credit Collections (UK) Ltd is a debt recovery agency situated in Dronfield, Derbyshire & was established in 1985. Since then, Credit Collections (UK) Ltd has grown from an initial start up business with 3 staff to become a leading debt recovery agency.
A Debt recovery agency can provide an essential service to many businesses, both large & small. They put cash back into businesses thus improving the cash flow of those businesses & making them more profitable. It could be argued that an internal credit control department provides the same service - however, a debt recovery agency can often provide better results whilst being more cost effective. The effect of a third party debt recovery agency becoming involved should also not be underestimated. Often, a simple demand for payment from a debt recovery agency can be the prompt a debtor requires to settle an unpaid account.
As a leading debt recovery agency Credit Collections (UK) Ltd often places £200,000.00 of unpaid monies back into its clients businesses each month. In 2010, the total amount recovered by Credit Collections (UK) Ltd was in excess of £2 million. For this reason many leading businesses in the United Kingdom use Credit Collections (UK) Ltd as their debt recovery agency.
A debt recovery agency can also provide additional services to the core business of debt recovery. Credit Collections (UK) Ltd is one such debt collection agency, providing legal services, enquiry agents, process serving, company searches, credit reports & company formations in addition to debt recovery services.
A debt recovery agency may also have its own in house legal department employing solicitors & legal clerks. Such firms provide a real alternative to the traditional option of employing a solicitor & often at a fraction of the cost. Such a debt recovery agency often provides a much more professional service than a firm of solicitors, who may not be specialists in the debt recovery arena.
Debt recovery agencies often have a less than desirable image. However, in recent years much has been done to regulate every debt recovery agency to ensure that an efficient & ethical service is provided at a reasonable price. Ensure that any debt recovery agency you consider engaging is regulated by the relevant governing bodies & holds the appropriate licences & accreditations.
1 Sheffield Road
Tel: 01246 411931