The Easiest Method of Debt Recovery
Do you ever get tired of not being paid on time? Do you feel you are constantly chasing payments with no permanent solution? Are you too busy on the “hamster wheel” of life that you simply do not have the time nor money to legally take action on your debtors? If you answered yes to the previous questions, then maybe a debt collection agency could be the answer. As well as outlining the various steps of the debt collection process, this blog will also discuss the various reasons why outsourcing your unpaid invoices to an agency such as Darcey Quigley & Co can provide you the time to start concentrating on more important matters.
How Does a Debt Collection Agency Work?
In simple terms, a debt collection agency is a regulated practice that specialises in recovering outstanding invoices for its customers. This process occurs when a debtor has not paid an invoice (or set of invoices) to a creditor within a set period of time and now requires the introduction of a third-party (in the form of a debt collection agency) to retrieve any past due payments. Any overdue payment is entitled to add interest, compensation and reasonable costs to the outstanding debt. (See our late payment guide for further information on your options).
The Darcey Quigley & Co Process:
- Discuss your unpaid invoice with the team – Our proactive and commercially minded Credit Management Consultants understand how time consuming and often difficult dealing with late payments can be. They will work with you to fully understand the case and relieve you of those pressures by taking over the debt recovery process, keeping you fully updated throughout.
- Send Case Documentation – Send us your overdue invoices and debtor contact details. The more information you send us – the better
- Forensic Investigation – We conduct our own investigations into the customer by carrying out routine credit checks, company name checks, risk, assets etc. – In many cases we deal with the same debtor numerous times
- Agree Fees and Approach – Our fees start from 3% and are dependent on the age of the oldest invoice. Debtor location, trading status and invoice value determines the approach we take.
- Case Actioned Within One Hour – The relevant legal notice is issued by email and text to your debtor and telephone recovery begins.
- 48-hour turnaround – Communication is key to our recovery process – expect a full case report or payment within 48 hours of instruction.
- Payment – On average we recover within 16 days of instruction – The Power of Outsourcing is the reason why we are so successful.
Why Choose Darcey Quigley & Co?
Here at Darcey Quigley & Co, we are fiercely proud of our position as the UK’s leading specialists in Commercial Debt Recovery. Rated 5-Stars on TrustPilot, believe we have achieved that position due to our extensive knowledge, not only of our clients’ credit control functions, but of their businesses and respective industries. Over the past 17 years we have recovered hundreds of millions of pounds of overdue debts for our clients and continue to be their first choice Commercial Debt Recovery partner.
So, what are you waiting for? Give us a call today on 01698 821468 or email us at [email protected] for more information.
Lynne is the Founder and CEO of Darcey Quigley & Co.
She is passionate and determined to help businesses get overdue invoices paid quickly.
Having worked within the credit management industry for over 27 years and ran UK leading commercial debt recovery specialists Darcey Quigley & Co for over 17 years, Lynne has helped businesses recover commercial debts from every continent across the globe.
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