If you are running a business and need help with your business debt collection, then consider the options open to you. Business debt collection can be carried out by your own company, or by contracting a debt collection agency.
It is worth weighing up the pros and cons of how to proceed with your business debt collection.
If you try to do it yourself, do you have the time and resources in-house to carry out it out successfully? Will you have to take time to trace a business that may have moved without leaving a forwarding address? What if the business has gone into administration or is insolvent? Do you know the legal ins and outs of debt recovery and the guidance laid down by the Office of Fair Trading?
Pursuing bad debtors is a time-consuming business and should not be undertaken lightly. This is where the knowledge and experience of UK debt collectors comes in. AR Debt Collectors know exactly what needs to be done in any given situation, and will have experience of many different scenarios where business debt collection has been necessary.
AR Legal Collections will discuss all the relevant issues with you, arrange a fee for debt tracing and commercial debt recovery, and will usually agree a no trace no fee, or no recovery no fee arrangement. They will also usually avoid charging any fees up front, ensuring that you are only paying for results.
Your business needs to sort out bad debtors quickly and effectively, so turning to a specialist debt collector can be a very cost effective way of ensuring your business stays ahead of the game.
For more information, free initial advice or a general discussion, please contact AR Legal Collections on +44 (0)20 8202 0730.