Expert Debt Recovery in Glasgow

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Expert Debt Recovery in Glasgow

Table of Contents

• Debt Recovery Agency Methods in Glasgow
• Debt Recovery Agency in Glasgow
  • Debt Recovery Agency UK – Who Should You Choose?
• Debt Recovery Agency in Glasgow
  • • Debt Collection Glasgow – Frequently Asked Questions

There are a large number of people in Glasgow that suffer from financial issues on a daily basis.

Whether this is an individual that has amounted credit card payments or a business that has a lack of income.

Financial issues sadly cannot easily be avoided and it is a fact of life that no one wants to be subject to these.

The most common issue in Glasgow is specifically that of someone owing money to another person.

There are many different types of debt scenarios and affect both businesses and individuals.

Some of the most common situations where this can occur include:

• A client that has missed invoice payment dates or is refusing to pay altogether.
• A friend, family member or partner etc that has borrowed money and not returned it.
• A self-employed individual has not been paid by a customer for work carried out.
• A tenant that has left the property without paying rent that was owed.

This is only a small list of a large number of ways that debt can be problematic in one’s life.

If you or your business are struck by any of these, you need to take action to collect what is owed.

Many perceive the debt recovery process to be difficult and one that shows no signs of success.

In reality, the collection process is a matter of having the right skills, knowledge and expertise.

Not collecting the money owed could affect your cash flow even more and result in the need for insolvency proceedings.

Our experts have put together this guide to assist you in the debt recovery process.

Debt Recovery Agency Methods in Glasgow

If you are owed money in Glasgow, there are a variety of resources available to assist in the collection.

Even the most secure credit control measures, such as payment terms, will not deter a debtor from not paying.

Often those that are owed money will try to recover the debt themselves using tactics such as phone calls, letters and emails etc.

Whilst these are all viable methods of recovery, sometimes even stricter measures need to be taken.

This commonly involves considering taking legal action in the county court.

If legal action is to be taken, it is recommended to use a ‘legal 500’ law firm as an alternative.

Legal proceedings through any medium can be costly and may take a while to form any result.

Some firms can charge as much as £200 per hour which can be expensive for those already owed money.

In any situation where money is owed, it should be a priority to recover this as affordably and effectively as possible.

There are specialist debt collection services available that can help you to accomplish this.

The method in question is to use a professional debt collection agency to recover any debts.

Debt Recovery Agency UK – Who Should You Choose?

Across the UK, there are a plethora of debt collection agencies that can deliver a nationwide service.

Whilst this is extremely convenient, it is known to be beneficial to use a local agency.

At Debt Collection Glasgow, we refer our clients to the best agencies in and around the city.

Since 2006, we have formed a high calibre list of partners that specialise in recovering private and business debt.

If you are based in Glasgow or surrounding areas such as Aberdeen, Ayr or Kilmarnock, we have got you covered.

Commercial Debt Recovery – Federal Management

If you require a commercial debt collection agency to recover business debts, use Federal Management.

On average, they have an impressive success rate of up to 90% on undisputed debts.

They have recovered millions of pounds worth of debts for their clients every year since 2004.

Leading the way for debt recovery, they are authorised and regulated by the Financial Conduct Authority (FCA).

Private Debt Collection Agent – Frontline Collections

Frontline Collections is our recommended agency to undertake private debt collection.

They have operated since 2005, collecting debts for clients in all private industry sectors.

Notably, they have collected unpaid fees for Independent Schools, Nurseries, Vets and Dental Practices.

As a result of this, they have been awarded “Gold Preferred Supplier” status by the Independent Schools Association (ISA).

This demonstrates the quality of service that Frontline Collections can deliver to you or your business.

They can also execute international debt collection for times when you are owed money overseas.

This is an impressive service to have in any debt collection agency’s arsenal.

All of our partners have specialist debt recovery teams that focus on recovering your debt in the most affordable way possible.

This means that the only thing you are likely to lose during the debt collection process is your worries.

Debt Collection Glasgow – Frequently Asked Questions