The No1 Debt Collection Agency in Preston

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The No1 Debt Collection Agency in Preston

It is a fact that no one wants to experience financial issues at any time in their lives.

Problems such as credit card payments, lack of income, unexpected bills etc are unfortunately unavoidable.

One of the most common ways of this is the owing of money, whether that be by an individual or company.

Are you or your business in a situation where a client or individual in Preston has not paid what they owe?

It is a sad reality that a large number of people experience debt scenarios every year and have shown no signs of stopping.

Some of the most common occurrences of this include:

  • A friend or family member has borrowed money and has not returned what is owed.
  • A client has left invoices unpaid or has missed the payment date.
  • A tenant has not paid rent and left the property without paying the money that is due

These are only a few of the many different ways in which money can be owed to the original creditor.

Should you be in a situation where money is owed to your bank account, you need to recover this quickly and efficiently.

If one’s cash flow is affected, this can be extremely damaging and could even end up with the closing of a business.

There are only a certain amount of working hours between Monday to Friday which should not be wasted by worrying about money issues.

We have put together a guide of the best ways in which you can recover monies owed to you.

who is the best debt collection agency in preston

Debt Collection Techniques – What Should You Choose?

Carrying out the collection process should not have to feel like an overwhelming task to complete.

As there are many different types of debt, there are lots of resources available to recover these.

What Are The Different Types of Debt Collection Methods?

Whilst a simple phone call to remind your debtor to pay may be enough, there are more serious options to use.

For example, issuing a County Court Judgement (CCJ) or a Letter Before Action (LBA) could help recover the amount owed.

These are both straightforward recovery options but could be easily avoidable by the debtor.

Other options such as taking court action or using debt collection solicitors are more practicable.

Taking court action to collect debts can be effective, however, this is usually an expensive operation to carry out.

It is a fact that one of the main outcomes of recovering outstanding debts is to spend as little money as possible doing this.

As well as this, Solicitors are notorious for charging a lot of money of up to £200 per hour in some circumstances.

This can result in the creditor spending a lot of money to recover what is already owed to them.

Taking this into consideration, the most cost-effective and reliable way to recover debts is by using a debt collection agency.

Debt Collection Agency Preston

Get In Contact With Our Experts Now!

Our recommended team of Debt Collection Experts are happy to help with your enquiries.

The Debt Collection Agency in Preston

Whilst most debt collection companies across the UK offer a nationwide service, it is recommended to use a local agency.

We provide a service to our clients that provides the easiest way to find the debt collection agency for you in Preston.

Being owed money can already be a stressful situation which is why we ensure to give our clients peace of mind during the recovery process.

If you are owed money by your business clients, you will need a commercial debt collection solution.

The solution in question is Federal Management, which has collected millions of pounds worth of debts since 2004.

They are also authorised and regulated by the Financial Conduct Authority (FCA) to recover debts under the Consumer Credit Act.

This demonstrates the high calibre of the debt collection services that they provide to their clients.

For private debt collection matters, Frontline Collections is the agency that we recommend.

This is for the recovery of any debts incurred by individuals like friends, family or customers.

Frontline Collections lead the way for collecting personal debts and have done since 2005.

Over its long history, they have collected debts on behalf of many clients, including Dental Practices, Independent Schools and Nurseries.

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

They also provide international debt collection services to those that have debtors based overseas.

This is an extremely effective service to provide considering the difficulties that international debts can create.

Debt Collection Agency Preston

Get In Contact With Our Experts Now!

Our recommended team of Debt Collection Experts are happy to help with your enquiries.

Debt Collection Preston – Frequently Asked Questions

Who Are Debt Collection Preston And What Do They Do?

We began in 2006 as part of the UK Debt Collection Bureau and act as a referral agency for Preston’s best debt collectors.

How Much Does Your Referral Services Cost?

Our service is free and takes the hassle out of you having to approach numerous debt collection agencies.

Do You Vet The Companies That You Recommend?

Yes, to become a member of our Debt Collection panel, each firm is subject to various security checks.

Why Should I Use A Debt Recovery Agency To Recover Debts?

You’ll see much more success by hiring a Debt Collection Agency that has expertise in such matters.

Should I Choose A Debt Recovery Company Or A Solicitor?

Solicitors are process-driven whereas our partner Debt Collection firms are results-driven and proactive.

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