The Best UK Debt Collectors For 2021

The Best UK Debt Collectors For 2021

Over the years, there has been a sharp rise in the occurrence of debts within the UK. This has become a common issue for businesses and private individuals alike.

If you are someone who is owed money by a business or individual in the UK, it is important to know that you are not alone.

There are also a lot of resources and methods out there to assist with collection of the money that is owed.

Debts can come in many forms, and there are a number of different types of people who could owe you money, including:

  • Commercial Clients
  • Private Individuals
  • Family Members
  • Partners or Friends
  • An Employer Who Has Underpaid You
  • Absconded Tenants
  • Someone from Another Country
  • Customers

When you are owed money, it is always recommended that you take the correct measures to ensure you get this recovered quickly.

The only true solution to getting your debts paid quickly and efficiently is by instructing the services of a professional Debt Collection Agency.

As a result of our membership with the UK Debt Collection Bureau, we have a list of trusted and compliant agencies.

All of these agencies are experts in the collection of Commercial, Private and International Debts.

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Looking For The Best UK Debt Collectors? Get In Touch Now

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

What to Look For in UK Debt Collectors?

When it comes to instructing a Debt Collection Agency, it is imperative that you make the right choices.

It is a fact that making the wrong choice can sometimes be even worse than making none at all.

There are a few things to look out for when it comes to this, and some of the common traits of a bad Debt Collection Agency are as follows:

  • Extremely high commission rates.
  • Price drip fees.
  • Abortive fees (being charged even when a collection is unsuccessful
  • Poor reviews from clients
  • A lack of any accreditations

Being taken advantage of by one of the ’cowboys‘ within the industry can be extremely harmful to your finances and make things even more difficult for you in the long run.

If you leave a debt or choose the wrong method of collection, this can affect the sustainability of your business and may present severe difficulties upon your cash flow.

When your cash flow is in jeopardy, this can prove disastrous in the long run.

It has been reported by the Federation of Small Businesses that around 50,000 small businesses have to close in the UK every year.

This is a direct result of experiencing late or non-payments. This disappointing figure should put into perspective how important it is to recover any and all debts you may have.

The Best UK Debt Collectors For 2021

The Best UK Debt Collectors For 2021 – Who To Choose?

There are three types of debt collection agencies that can collect your debts. Types of debt include Commercial, Private and International.

In this article, we will recommend the absolute best agencies for your debt collection needs, ensuring a cost-effective and highly-efficient recovery of your money.

Commercial Debt Collection

It is an unfortunate eventuality that business credit-control teams will at some point have issues with clients that are leaving their invoices unpaid.

With regards to commercial debt, reports have highlighted that the number of unpaid business invoices has risen by an alarming rate of 23% in recent years. This figure is based on a total of 26 million invoices that were investigated.

When clients become difficult to work with or are avoiding payment, the next viable solution is to instruct the services of a trusted Commercial Debt Collection Agency.

Our recommended debt collection agency for Commercial Debts is Federal Management, which has collected millions of pounds every year since 2004 for their clients.

Federal Management has carried out their services within every industry sector and have developed a large portfolio of clients throughout their long history.

Some of the benefits of using their services to collect your commercial debt are:

  • UK’s Lowest Commission Rates From 6%.
  • On Average 90% Recovery Rate on Undisputed Debts.
  • Commercial Legal Team to deal with disputes and mediation.
  • No Collection means No Collection Costs to pay!
  • Approved and Authorised by the FCA.

They provide the leading solution for the collection of Commercial Debts in the UK, and have gained a reputation that compliments this.

Private Debt Collection

Being owed money by a customer, friend or relative can be challenging at the best of times, and if they make are making the subject of repaying you difficult, this can dramatically make things worse.

We have worked with many clients that have shown concerns regarding the topic of collecting personal debts. The main perception is that it will be too much hassle to collect these independently and that they should abandon the debt.

In fact, this perception is the opposite of the truth!

 There are many methods to collecting personal debts, with the best and easiest solution being to instruct a Private Debt Collection agency.

Our recommended Private Debt Collection agency is Frontline Collections.

They have collected private debts in a variety of sectors, with frequent collections being made on behalf of Independent Schools, Veterinary Practices, Dental Practices and Nurseries.

Frontline Collections are the UK’s No1 Private Debt Collections, and here are some of the benefits of using them:

  • High Collection Rates and Low Commission Rates.
  • On Avg. 90% Recovery Rate on Undisputed Debts.
  • Members of the Credit Services Association.
  • Over 15 years industry expertise in most private sectors.
  • “Gold Preferred Supplier” status with the Independent Schools Association.

International Debt Collection

Over our long history, we have worked with many clients that have referred to the collection of International Debts as “mission impossible”. There are many reasons for thinking this, including the distance, language barriers, time differences etc.

We can assure you that that is not the case, and that these hindrances are no match for our trusted International Debt Collection partners.

Our recommended collections agency for International Debts is Frontline Collections.

Frontline Collections’ team of expert international debt collectors have extensive experience in the means of collecting money overseas and no barrier is too much for them.

The benefits of using them to collect your International Debts are:

  • Fully inclusive low-cost service.
  • FREE initial assessment & investigation.
  • Proactive and Professional approach.
  • High overseas debt collection success rates.
  • International Network of trusted agents.

When instructing Frontline Collections, you are guaranteed a cost-effective, hassle-free and quick service. They have hundreds of combined knowledge in this field, and have collected millions every year on behalf of Overseas debts.

Looking For The Best UK Debt Collectors? Get In Touch Now

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

UK Debt Collectors – Frequently Asked Questions

Who Exactly Are UK Debt Collectors?

UK Debt Collectors began in 2006 as part of the UK Debt Collection Bureau network and act as a referral agency for the UK’s best debt collection companies. We provide a free initial analysis on your case.

Do I Have To Pay Anything To You For Your Help?

No, you don’t. The service we provided is free and takes all the hassle out of you having to approach multiple agencies. We will only ever recommend the best Debt Collection Agencies in the UK for your specific needs.

How Can I Trust You To Find The Right Agency?

There are many different types of Debt Collection Agencies across the UK that will focus on the various debt types, but knowing which agency to choose can be a difficult task. A lot of the “right” information is needed when looking for an agency, and with 400 organisations across the UK this can feel daunting – this is where we can help.

What Type Of Companies Do You Recommend And Do You Vet Them?

Yes of course. To become a member of our Debt Collection panel, each agency is subject to various security checks and must be the following:
• Authorised & Licensed By The Office Of Fair Trading
• Data Protection Compliant.
• ISO9001 accredited.
• Members of the Credit Services Association.
• Fixed Cost Collection Procedures.
• Proven High Levels Of Service.

What Are Your Partners Success Rates?

Our partners have an average recovery rate of up to 90% on undisputed debts. Their services maximise the potential of a successful recovery whilst minimising hassle and ensuring cost-effectiveness.

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