Debt Collection in North England

Debt Collection in North England

The North of England has a population of around 14.9 million people and is home to famous cities such as Manchester, Leeds, Sheffield, Newcastle, York and Liverpool.

The North is made up of the North East, North West and Yorkshire and the Humber.

In the region alone there are over 944,000 businesses that operate there who contribute to the large GVA of over £316 billion.

England’s northern side is dominated by economic sectors such as heavy industry, manufacturing, mining and steel-making.

Due to the populous nature of Northern England, this has resulted in many businesses experiencing problems such as unpaid invoices and business debts.

The issue of people owing money has affected private individuals also, with many needing to recover monies from customers, friends and family members.

This is a problem that unfortunately a lot of businesses in Scotland, England and Wales will suffer with at some point.

However, in the North of England, some of the most common situations include:

  • Clients that miss payment dates on invoices.
  • Customers not paying someone for goods or services they have provided.
  • Landlords having to chase rent arrears from tenants.
  • Friends, family members or partners that have borrowed money and not returned it.

There are many reasons as to why someone may need debt collectors in North England.

In this article, we have put together our best advice for when it comes to the recovery of outstanding debts.

There are many methods that can be chosen for Debt Collection in North England and it is important to know which ones to choose.

Debt Collection in North England

Got Any Questions? Get In Touch Now

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

Methods of Debt Collection in North England

Debtors can appear at almost any moment, regardless of where you work or live.

A client that you have had a successful business relationship with could one day forget to, or intentionally not, pay you.

This is why it is so important that you take the necessary measures when recovering your debt to get your money back quickly.

We have a wealth of experience helping clients recover money that is owed to them throughout the years.

There are two methods for collecting this that we do not recommend, including:

  1. Abandoning the debt due to fear of it taking too long to recover or being too expensive.
  2. Trying to recover the debt independently to save money from using external debt collection agencies.

These two methods are both not recommended as they will actually end up costing more than is expected.

For example, if you are an account manager for a business and you are trying to recover a debt that your accounts team has found, this will waste resources.

The resources that you waste should be used to continue bringing in new business and retaining current clients.

Debt Collection Solicitors are surprisingly popular for recovery services in the North of England.

They have been around for hundreds of years, and there are a total of around 23,000 in the North alone.

This means that many businesses and individuals will have very local debt collection services.

Despite the popularity of Solicitors, they are known to cost a lot of money to use.

Unfortunately, some charge as much as £200 an hour for their services and in the past many will have paid this due to it being one of the only options.

If you are owed money by a business or private individual in North England, there is only one option you should use.

This option is by using a regulated and compliant debt collection agency.

debt collection for businesses and individuals in north England.

Debt Collection Agencies in North England – Who To Choose?

There are three main types of agencies that will assist you with Debt Collection in North England.

These are Commercial Debt, Private Debt and International Debt.

Choosing the right agency may feel like a big task, especially if you are uneducated in the field of debt collection.

At UK Debt Collectors, we are dedicated to referring our clients to the best agencies in North England and across the UK.

If you are based in Manchester, Preston, Liverpool etc, we have the recommendations for you.

For business-to-business debts, such as unpaid invoices, we recommend Federal Management.

If you are owed money by a customer, or someone closer such as a friend, we recommend Frontline Collections.

Frontline Collections also collect debts from debtors that are based overseas.

All of the organisations that we have recommended use professional tactics, unlike high court enforcement officers or collection bailiffs.

This ensures that the relationship between you and your debtor isn’t jeopardised allowing for future business opportunities.

Both also operate a “no win no fee” policy which means you only pay if there is a successful recovery of your money.

You will never be limited in 2021 for options for Debt Collection in North England.

Debt Collection in North England

Got Any Questions? Get In Touch Now

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

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