Credit Collections (UK) Ltd was established in 1985. Since then the debt collection agency has grown to become one of the United Kingdoms leading debt recovery agents.
Debt recovery agents 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, debt recovery agents can often provide better results whilst being more cost effective. The effect of third party debt recovery agency becoming involved should also not be underestimated. Often, a simple demand for payment from debt recovery agents can be the prompt a debtor requires to settle an unpaid account.
As leading firm of debt recovery agents 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.
Many debt recovery agents provide additional services in addition to the core business of debt recovery. Credit Collections (UK) Ltd is one such firm of agents, providing legal services, enquiry agents, process serving, company searches, credit reports & company formations in addition to debt recovery services.
Alternatively, there are also specialist firms of debt recovery agents who provide a single specialist service such as door to door cash collection or vehicle repossession. These specialist firms often receive referral work from a debt collection agency such as Credit Collections (UK) Ltd.
A number of debt recovery agents have their own in house legal departments 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. These debt recovery agents also often provide 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 debt collection agents to ensure that an efficient & ethical service is provided at a reasonable price. Ensure that any firm of debt recovery agents you consider engaging is regulated by the relevant governing bodies & holds the appropriate accreditations & licences.
1 Sheffield Road
Tel: 01246 411931