fair debt practices

What You Need To Know About Fair Debt Practices

fair debt practices

Fair Debt Practices

This page will contain information about fair debt practices in the USA, United Kingdom and other countries. In addition we will add our own opinion about fair debt practises we have garnered in over 40 years of debt collection. The information might be anecdotal, the law or unusual.

The information about fair debt practices is for debtors, lenders, debt collectors, debt collection attorneys, and debt collection agencies. Use our menu to jump to specific section as this article is quite lengthy.

Defend Yourself with the Fair Debt Collection Act

In 1977, the United States’ congress passed the Fair Debt Collection Practices Act. Commonly referred to as the Fair Debt Collection Act, this law was drafted in order to provide guidelines, procedures and limitations to regulate the activities that are done in debt collection processes. Because of the Fair Debt Collection Act, debt collectors have refrained from using threats, lies or insults to harass and intimidate debtors.

In order to understand this act, you must first have an understanding of what a debt collector is. According to the Fair Debt Collection Act, a debt collector is someone who

“uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts, or who regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another”.

US Government

To put it simply, a debt collector is someone who collects payments that debtors owe to another company. For example, you have a delinquent account with a credit card company. Once the credit company feels that too much resource is required to pursue you to make payments, it will hire a debt collector to pursue the payments for them.

Now that you understand what a debt collector is, you must also know what the debt collector’s job entails. The Fair Debt Collection Act details the information that your debt collector must give you. Remember, for the debt collection activity to be legitimate, you should first be supplied with documents that will help you understand the situation you are in.

Once the debt collector has contacted you, he has five days to provide you with the following:

1) The exact figures regarding that debt that you supposedly owe.
2) Information about the creditor that you owe the debt to.
3) The debt collector must tell you that you have a maximum of 30 days to raise your doubts or disagreements regarding the nature and specifics of the debt. If you do not dispute the debt, the collector assumes that the debt is valid and binding.
4) In case you claim that you have no debt, the debt collector must immediately send you documents and other certificates that will verify the debt.
5) Under the Fair Debt Collection Act, the debt collector should inform you that if you have switched creditors, you are allowed to ask for information regarding your original creditor.

As you can see, the Fair Debt Collection Act mandates that the debtor be given adequate details as well as ample time to evaluate them and raise whatever concerns he may have. If for some reason, the debt collector becomes aggressive and abusive, the Fair Debt Collection Act also gives the debtor the right to sue the debt collector.

However, the debtor must remember that the Fair Debt Collection Act of 1977 does not erase debts. It isn’t a get-out-of-debt ticket. It simply ensures that debt collectors will be able to do their work and solicit payments without violating the rights of the debtors.

What Fair Debt Practices Means to You?

So, you may have missed some payments on your mortgage. Or, you may have failed to respond to calls from your creditor. Despite the fact that you may have failed to keep your end of the contract, you still have the right to be treated fairly during the process of debt collection.

Fair debt collection involves the use of proper tools to evaluate your situation. It also gives you ample time to respond to the notification of the debt collector. In order to ensure that debt collection is carried out fairly, the congress passed the Fair Debt Collection Practices Act or FDCPA.

The FDCPA ensures that there are guidelines that will protect you when you communicate with a debt collector to settle your accounts. The act states that the debt collector cannot intimidate you with false threats. He cannot scare you into thinking that you will go to jail if you fail to make payments on time. He cannot insult your race or make any negative references to your gender. He is also not allowed to talk to you using obscene and profane language.

Fair debt collection also protects your privacy. This means that debt collectors are not allowed to tell other people about your debt. They cannot put you in a place of public shame and humiliation in order to pressure you into paying. If the debt collection process is to be fair, then it is only right that you and your debt problems remain private and personal. More importantly, fair debt collection gives you the right to sue your debt collector if you feel that he is being abusive, aggressive or dishonest.

Fair debt collection means that even though you have failed to make some payments, the debt collection agency will still respect you and value you as a client. This means that you are given the opportunity to approach your debt collector and request for a change of payment scheme. Once you show that you intend to pay, you are allowed to renegotiate the structure of your debt. You and your debt collector will come up with a payment scheme that you can afford. This is what fair debt collection is about; it gives you a legal environment in which you can come up with an effective way to settle your debt.

So, if you have debts, do not panic. The United States of America has put in the necessary legal safeguards that will allow you to coordinate with debt collectors without fear of harassment or abuse. You won’t be arbitrarily driven out of your home or anything like that. The FDCDPA ensures that there is a fair debt collection process that will respect your rights as an individual and a customer. In the end, fair debt collection should help reduce the stress and anxiety that are brought about by the entire process of settling a debt.

Fair Debt Collection Practices: What to Expect from your Debt Collector?

The best way to protect yourself from harassment is to know the exact job description of your debt collector. If you know the things that his job entitles him to do, you can keep better track of his behavior and take action when he violates your rights. To know the debt collector’s job description, you need to have a thorough understanding of the 1977 Fair Debt Collection Practices Act. This act literally outlines the Fair Debt Collection Practices. It tells you the practices that are acceptable for debt collectors. It also informs you of practices that are unacceptable under the eyes of the law.

So, according to the Fair Debt Practices, what are the debt collector’s responsibilities towards you?

Basically, the debt collector owes you information. If the debt collector is trying to get you to pay up, it is only right that you are fully informed of the circumstances surrounding your debt. This means that within five days of initial contact, the debt collector must send you a written document that contains information such as the amount of debt you owe and the company or institution you owe it to. The document should also let you know the steps to take in the event that you believe you do not have that debt and you should not be held responsible for it.

If you file a letter to dispute the debt, the debt collector will stop contacting you until he comes up with evidence that proves that you truly owe that money. As part of the Fair Debt Practices, the debt collector must send you a receipt to prove that he has received your complaint. Also, the debt collector has to mail any evidence that proves that you are responsible for the debt.

Fair Debt Collection Practices are aimed at protecting the debtor’s privacy. As such, if you wish to put a stop to the debt collector’s calls and visits, you must write a letter to indicate your intention. Once the debt collector confirms receipt of your letter, you can expect him to stop contacting you.

Aside from these things, the Fair Debt Collection Practices also forbid your debt collector to do the following:

1) Contact you via phone or make personal visits outside of the time period between 8:00 am and 9:00 pm.
2) Approach your family and friends in an effort to locate you.
3) Come to your workplace for the purpose of contacting you, verifying your employment or acquiring information regarding your salary.

Fair Debt Practices are exactly that – fair. It means that while you have individual rights, the law also provides guidelines to ensure that the debt collector can do his job well.

Fair Debt Practices Act: Dealing with Abusive Debt Collectors

In an effort to make you pay, some debt collectors may resort to unethical means. They may falsely threaten you with law suits or repossessions. They may call you incessantly or use derogatory language that will embarrass and humiliate you. However, these things don’t have to happen. The United States actually has a Fair Debt Collection Practices Act that protects individuals from the abusive behavior of debt collectors.

In the first place, why do debt collectors find it easy to violate the Fair Debt Collection Practice Act? Actually, the answer is quite simple. Debt collectors take advantage of people’s ignorance. If you don’t know the law and you’re not familiar with the provisions of the Fair Debt Collection Act, you won’t know what rights you have against these debt collectors. If the debtor is ignorant, the debt collector can manipulate him easily. Without the necessary information, debtors will not know how to fight back against debt collectors who harass him.

Another reason is that while abusive behavior is common, it may be hard to prove. Oftentimes, debtors have difficulty providing evidence that clearly shows that the debt collectors went beyond their limitations and violated the Fair Debt Collection Practices Act. In order to help your cause, it is advisable that you keep copies of every single document that you and your debt collector exchanged.

Lastly, the Fair Debt Collection Practice Act has several loopholes. So, if the debt collector makes some violations, he can simply close his office only to reopen later, under a new name.

Once you are sure that your debt collector violated the Fair Debt Collection Practice Act, here are the steps you should take:

1) Notify the debt collector of the violation you observed. In a formal letter, cite the provision of the Fair Debt Collection Practice Act that was violated. Include details of the event like the date, time, place as well as other circumstances regarding the violation. Make sure you ask for a receipt that proves that the debt collector has indeed received your complaint.
2) If you find it necessary, you can mail another letter to ask the debt collector to stop calling or visiting you.
3) File a formal complaint at the Federal Trade Commission or the FTC. The FTC is the body that is responsible for regulating the activities of debt collection agencies. Filing a complaint is easy, just log on to www.ftc.gov and you can accomplish an online form.
4) Go to your State Attorney General and report your debt collector’s abusive behavior. The Secretary General will have the case processed and investigated.
If you have enough evidence, approach your lawyer and consider filing a lawsuit against that collection agency.

Remember, the Fair Debt Collection Practice Act is there to support you. However, it is only useful when you have enough knowledge about it.

The Debt Collection Law: What You Need to Know if You are in Debt?

Under the Fair Debt Collection Practices Act (FDCPA), you are protected from the abusive actions of a debt collector. No matter how much the creditor wants his money back, he needs to follow the guidelines of this debt collection law. This law has special implications for you, your workplace and even your medical care.

The Debt Collection Law and Your Workplace

The debt collection law, specifically the FDCPA, specifies that a debt collector may contact your office only to inquire about your location, your home address as well as your contact information. This form of contact can only be done if the debt collector has no other means of locating your current residence.

Meanwhile, the debt collection law also gives the debt collector the right to send papers and documentation to your boss. These documents are files on your debt that are somehow related to your job and your salary. A common example is a court order that asks for details about your salary.

However, the debt collector is not allowed to volunteer any information regarding your debt. The debt collector may only share this information if your boss asks for it, or if he is asking your boss to answer certain paperwork that is related to your debt. While the debt collector may not share the details of your debt, your employer may have other ways of obtaining such information. Usually, records of your debt may appear on your credit rating. Since your employer is allowed to view this information, he may learn about your debt.

The Debt Collection Law and your Health Care

Unpaid medical bills are a huge concern for creditors and their collection agencies. If you fail to settle your medical bills, your healthcare provider may turn over your account to a collection agency. However, the debt collection law and the law concerning medical bills indicate that you must first agree to such a transaction before a collection agency takes over your account. If for some reason you dispute the debt, you may raise your concerns at this point.

Even though a debt collection agency is taking care of your account, your healthcare provider will still protect your privacy. To this extent, the healthcare provider will only release information on your name, address, account number, social security number and your date of birth.

The Debt Collection Law and Identity Theft

The fair debt practices collection law also has provisions for identity theft. If a collection agency contacts you regarding a debt that you have no previous knowledge of, you may be a victim of identity theft. The first thing you should do is ask for documents regarding your debt. Ask for transaction records, letters of agreement, and receipts. If you have verified that the debt is really not yours, ask the debt collector for a fraud affidavit form. Once the form is processed, the debt collector will stop contacting you and the identity thief will be pursued.

If You Are In Doubt About Fair Debt Practices

Report the debt collecter to the lender. Most lenders do not want to risk their lending licence. If it is the lender who is collecting from you, report them to an appropriate body in your country. Each state and country are different – which means we have no definitve list. Ask the lender who you can complain to – they know!

death of debt collection agencies

Imminent Death Of The DCA Within 10 Years

death of the DCA. withing 20 yaers debt collection agencies will be gone

Can it be true that the DCA [Debt Collection Agency] industry will be no more? Is it possible that the sale of debt could be a thing of the past? Will companies have to collect their own debt or write it off? Will technology destroy the thing that compliance cannot control?

Who am I?

I have been involved personally in lending, debt collection and debt sale for 40+ years. I have written credit and risk documents for a couple for startup finance companies. Additionally, I have worked with many a DCA.

My experience in debt sale, was that I was able to “sell” £100,000,000 of post repossession subprime auto loans. There cannot be a more uncollectable debt, yet the owners of the business pocketed an enormous and unexpected bonus.

I have organised and managed debt collection teams of up to 200. Collecting the debt, I was responsible for lending to customers.

January 2021 Update

There are so many changes to the laws regarding collecting debt and outsourcung debt collection. It is difficult to keep up to date. Especially with a blog that covers the globe. There is a constant stream of new regulations in most of the 1st word. Be it New Zealnd, China, USA, UK, and Australia.

However there is a genral theme – the debtor is getting more proectection from predatory collection processess. From AI to predictive dialling. What these solutions do not offer is sympathy or empathy. All they offer is cost savings and constant harrassment of detors.

The 1st debt collection agencies to be hit wth this global change to debt are the big DCA’s who depend on a constant stream of new debt.

In some USA states they have brought in restrictions on how many calls toy can make. Attempted calls will be limited to 7 in a 7 day period. This will include dropped calls and hang ups. If you have spoken to the debtor you cannot call for another 7 days. So if a debtor offers to pay tomorrow and does not call you. The DCA will have to wait for 7 days to make a follow up call.

Many a debt collector will be planning to circumvent the laws legally but not morally or ethically. It will take a shift in marketing from the credit grantors. As costs for in house collection rise they will be saying NO more often. Which is a good thing for over indebted customers.

Credit grantors will have to become more use to using their own credit teams and writing off more outstanding debt. And we mean writing it off and not just selling on to a constant stream of DCA’s.

Why do companies outsource debt collection or sell their debt portfolio?

Quite simple for 2 basic reasons.

  1. Too expensive to collect. Who wants to recruit, manage, and pay appropriate wages to teams of people?
  2. It is a nice bit of gravy to have. Lenders have risk based pricing into which they will have calculated their bad debt. However, when they “write off” this bad debt, they can sell it. Thus, earning themselves a bit of an extra bonus.

The DCA – Debt Collection Agency

Anyone who thinks that most DCA’s have a conscience or genuinely care about treating customers fairly are possibly misguided.

When they have team meetings, it is not about how they can benefit customers, it is about how they can get money from them. They share experiences of how they got a customer to pay, not how they helped someone write off their debt.

When the directors have meetings, it is all about margins, efficiency, and cost. It is never about customer care, unless there are serious complaints.

Why did DCA’s not exist years ago, as they do now?

Automation. Technology. Cheap and efficient banking. Email and mobile telephony. Quite simply debt collection would have been far too expensive a decade or so ago. The benefits of the internet are not helping those less fortunate — at the moment.

The Lender and The DCA

Here is the short of it. If you cannot or do not want to collect from your own defaulters:

  1. Say no to the initial application.
    1. Spend more on repayment assessment. However, that does impact the bottom line. In addition, it upsets intermediaries.
  2. Write it off. Completely. You have priced for it. Bin it.

The Debtor (non-payer)

Debtors fall into 4 categories

  1. Can pay and will not pay. Go for them with all the tenacity you can muster. It is a game for them. A game that you must win. I know this from my considerable experience.
  2. Cannot pay. Most people want to pay their debt. However, there are a multitude of reasons why they cannot. Lenders (not debt collectors) need to assess the debtor’s situation and decide to write off or move to the can/won’t pay process. How do they do that? There are numerous solutions available to them.
  3. Fraudster. Proper underwriting policies and processes should keep these to a minimum. However, when they do get through you are rarely going to collect. Write it off and learn. Bear in mind that most fraud/deception is by the intermediary.
  4. Financially naïve. They fall for the slick sale pitch. They are misguided consumerists. Educate your introducers. You (the lender) will have performance reports of introducers. Have the balls to act upon them.

By the by, finance companies and lenders fail because of fraud. Generally, at the hands of their employees or introducers.

Here Is What Will Happen.

Regulation and compliance will make it impossible for lenders to either outsource or sell their debt. If they cannot collect in house, they will have to write it off.

You have to remember that a lender can assign the beneficial rights of an agreement but not the obligations. They are responsible for how their external debt collectors operate.

DCA’s will have to use voice analysis on 100% of their conversations with clients and each other. The technology exits now as it has done for years. Yet, the lenders rarely demand use of it, nor do the debt collectors use it in compliance.

There is a lack of will in governments to demand a change in how both the lender and the debt collector operate. However, it will come.

Vietnam is already taking a stance as of September 2020. They have banned investements in DCA’s and 3rd party debt collectors.

Telephone Calling Curbed

The CFPD has made a ruling that will affect many third party collectors in the USA. Although the rules came to staggering 653 pages the most significant aspect was what they have done with telephone calling. And there is no doubt that other countries will follow suit. Here is the quote

The rule prohibits debt collectors from making a collection phone call for a particular debt more than seven times within a seven-day period or within seven days of having a telephone conversation with the debtor. It states that a consumer may restrict the type of media used by a debt collector to contact a person

CFPD

If you use or you are a third party debt collector. You will have to reset power dialers and predictive dialers. Even if the call is not answered it has been made. In addition should you make an arrangement to call back it will have to have a grace period of 7 days.

Make no bones about it, this is going to create havoc in large debt collection centres. As a lender you are going to have to consider bringing your debt recovery in house. The good news is there are some awesome solutions to be had.

The other option is to integrate bad debt pricing into your costs and write the debt off. You are probably doing this and use outsouricng debt collection as a nice add on to the bottom line. It is disappearing.

Technology Will Bite the Debt Collectors In The Rear!

Robokillers and the like, are apps that fall into the category of robocall blockers. They use sophisticated AI to answer calls. These roboblockers been downloaded 10’s if not 100’s of millions of times. They were developed to block spam calls by imitating a real person and keeping the caller on the line – thus wasting time and money for the caller.

The companies that have developed auto calling or introduced it into their collection process could be hoisted on their own petard. There will not be much sympathy.

What will happen with debtors?

There will then be a need for face to face conversations with the debtor, and that is not cheap. However, it is effective, assuming the agent is prepared.

Farewell DCA, what will you do next? If you need a debt collection list – we can help

Debt Collection Firms

If you are thinking of investing in a debt collection business you might want to think again. Firms like Moorcroft debt recovery or credit collection services have a limited window of profit.

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors

resolute collections

How To Easily Find The Best Debt Collectors In Scotland

Debt Collectors In Scotland

Debt Collectors In Scotland

You will have no lack of choices looking for debt collectors in Scotland.  If you search Google you will receive 1,340,000 results, 10 adverts and 8 suggestion for other search terms. By using our tips of the trade, you can reduce the results down to a more manageable 20 results and no ads!

If you desire a visual look at debt recovery firms in Scotland, we can show you how to easily do that (at the bottom of page).

The solution we demonstrate to you is fantastic, if you are looking for debt collector near you. Or you are outside Scotland and you need a Scottish debt collector. More importantly you might need a debt recovery agent who is located near your debtor.

Scottish debt collection has some major differences from the rest of the UK. You need to use a Scottish based debt collection agency.

Nearer the debtor is better than nearer you. It means the agent can visit more often – if need be.

debt collectors in Scotland

You will learn how to use Google operators to find exactly what you want. This technique will certainly reduce the results to debt recovery UK companies. Reducing the time it takes you to find a suitable debt collecting company in Scotland.

allintitle: debt collectors scotland
allinurl: debt collectors scotland

All you do is copy and paste either of the above into a google search bar/box. Your results are now reduced to 2,610 and 3,660, respectively. These numbers are dynamic and change form hour to hour. But it is far easier for you to review a few thousand results than several million.

Insider Tips On Searching For Debt Collectors in Scotland

You will find more than a few solutions in the following paragraphs. There will be one particularly suited to you. Each solution becomes more focused and concentrated. You can mix and match the search terms until you find exactly what you are looking for.

These tips of the trade will save you an enormous amount of time and effort. And your money.

However one must keep on mind that the long term life of you chosen DCA could be limited.

Debt Recovery Scotland

You would think that searching debt recovery rather than debt collectors would return similar results. That is an emphatic NO! 8,000,000+ results for this search term.

That is an unbelievable amount of results for you to plough through. If most people were honest, they would be overwhelmed and look at a couple and “get it over with”.

Insider Tip #1

So back to Mr. Google’s operators allinurl and allintitle.

allinurl: debt recovery Scotland
allintitle: debt recovery Scotland

This reduces the ridiculous amount of results into 1,000’s rather than time consuming millions. It allows you to make a better choice; quickly and easily.

Debt Collection Companies Scotland

You are never going to believe what number of results this provides. As the more words there are in a search term, the more results. On this occasion 23,000,000. If you are an international debt collector or lender, this looks like a lost case.

You can use “parentheses” and search “Debt Collection Companies UK” and the numbers are miraculously reduced to 40,000.  

However perhaps even this reduction in search results for a debt collector or a debt collection company in the UK is not good enough for you. You want to know exactly where they are. Or are they good enough for you.

Let us go back to our initial search for debt collectors Scotland.

Debt Collectors in Scotland

We are going to show you one of Google’s most awesome and breathtaking tools. One has to assume though, that any company worth its salt is registered or connected to Google in some shape or form. Not only does this show you the location it includes reviews. Though you can take a review for what it might be worth. However generally their value averages out over time.

We are ready to show you a quick video on how to use Google Maps. This is not edited and is the actual time you will invest. From 50 – 60 seconds.

Map To Success

The Easiest Way to Use Google

How To Find Debt Collectors in Scotland 15 minutes

Google Maps

How To Easily Find The Best Debt Collectors In Scotland

Find and open Google maps.

Enter the town of your debtor

find best catastrophic injury lawyer

Always try to find a debt collector near the debtor

Service you require

do you need a catastrophic injury lawyer

You can search for debt collector or debt lawyer or repossession agent.

Make a choice

do you need a choose a great catastrophic injury lawyer

Make a list of 3 and call them. Have your questions prepared.

You will: Choose from Aberdeen, Glasgow, Edinburgh or even the smallest village.

  1. Open google maps
  2. Change search details to Edinburgh
  3. Type debt collectors into search box
  4. Further investigate Edinburgh:
    1. moving map
    1. increasing/decreasing size with +/- on bottom right hand
  5. click on red markers to research debt collectors

You will clearly see that when we click on the red marker it highlights the company on the left sidebar (or pops up), giving you the address, reviews, and website etc.

None of the debt recovery companies or debt lawyers that we click show, are not be considered a recommendation. It is only for demonstration purposes.

Other Location Based Services

This has nothing to do with debt recovery companies or debt collectors. There are many of you who will realise that using google maps is awesome for discovering any location based service.

After finding the location type in any service that you require.

Are You A Debtor Living in Scotland

If you are a Scottish based debtor living in Scotland, beware of what looks like an advice website. They will inevitably lead to a fee charging website. You can visit Stepchange or CAB for free advice. These should be your first port of call.

Are Debt Collectors Legal In Scotland

Debt collection agents in Scotland are legal. However, what they can do is limited. Notwithstanding that they may say stuff that worries you. They can ASK but RARELY demand action. They are allowed to contact you at a reasonable time without embarrassing you.

Agents representing themsleves for debt collection in Scotland should not be confused by Sheriff officers. Debt collection agents will request payment whereas sheriff officers can take your belongings. Seek advice before a sheriff appears.  

Comments and Suggestions

You have read and seen our ideas. If you have any suggestions about debt collectors in Scotland or debt recovery agents in the Scotland – everyone would like to hear them. Recommendations or otherwise.

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors

dealing with moorcroft debt recovery

How To Deal With Moorcroft Debt Recovery | Legally

moorcroft debt recovery

Moorcroft Debt Recovery

This article is not exclusively about Moorcroft Debt Recovery and the Moorcroft Group. Nor is it a legal loophole to get you out of debt. Nor is it, to persuade lenders to use Moorcroft debt recovery or any of its debt solutions competitors.

What we will explain is information that is not widely distributed. Everyone talks about the law. We will talk about our inside knowledge of how debt collection companies work.

We have no axe to grind as this article will cover us, you, lenders, debt collectors and the law. In that order.

There are 100’s and 1,000’s of debt recovery companies in the UK, USA, and Australia. They all basically follow the same path. A bit like follow the money.

Firstly: Information About Us

What gives us the right to talk about debt collection. We have had many roles as employees and our own business in the debt collection and lending world for 4 decades. From doorstep lending to deals worth 100’s of millions. Asset repossession to writing off debt – permanently. We give you access to the inside workings of lending and collection institutions.

Our biggest piece of information is that what man can make, man can amend. By this we mean if anyone and we mean anyone says that something cannot be done or undone – they are simply lying. Debts can be written off. Credit bureau records can be undone. The LAW can be circumvented – as long as it is in the debtors (you) favour.


Frequently Asked Questions About Moorcroft

  • What is the email address of Moorcroft Debt Recovery?

    [email protected]. You can use this email address for all sorts of questions. General enquiries, complaints, and compliance. If you are not good on the phone, ask them to make this your primary contact method. They will ask you to jump through a few hoops. Ay least this gives you a copy of all their responses and timings.

  • What is Moorcroft debt recovery phone number?

    0330 123 9765. This number is NOT a premium number. You can use this to make payments, ask for you balance. It is also a helpline for people who are struggling with debt. You can use it to ask for the file they hold on you which can be had for FREE. Another question to ask is that a transcript of the call to be sent to you. Either a paper transcript or an audio file.

  • Is Moorcroft Group legitimate?

    You can bet your last penny that it is. It has every licence you could imagine. They have more lawyers making sure that they are properly registered than most financial institutions. Do not waste your time querying if they are legitimate.

  • Who do Moorcroft collect debts for?

    They collect for a whole crowd of companies and industries: water, gas, and electricity companies. Banks and financial institutions. In addition, they collect debts for local, regional, and national government departments. They are also highly active in the telecommunications industry.

  • Can you complain about Moorcroft?

    YES. Best place is to start with is their complaint hotline – 06161 475 2970. Remember the people on these lines are highly trained; no matter what you believe or think. This is the place to start before you start writing to the financial ombudsman. Ask for a transcript of your conversation or copy of the audio file. Ask for this at the beginning of the call. 

  • What is Moorcroft Debt Recovery address?

    If you want to write to Moorcroft about you account, copy of file request, or general information, the address is: It might be an idea to send your letter by recorded delivery and have it signed for.
    2 Spring Gardens,
    Stockport,
    SK1 4AA

  • Are Moorcroft allowed to buy my debt?

    This is something you have to check in your original agreement. There should be a section of how your account can be assigned. You can ask Moorcroft or your original lender for a copy of this highlighting the area that allows either the sale, transfers or use of third party debt collectors. You might need a lawyer to do this for you.

  • Who should I write to at Moorcroft Debt Recovery?

    They always say aim for the highest. This might mean doing some leg work and expense. You can obtain a full report of the directors and shareholders at companies’ House. However here are a few of them (as of October 2020): Andrew James McRoberts (company secretary), Rodney Neil McRoberts, Neil George McRoberts, Amanda Martin McRoberts. Here is one potential email address [email protected]

  • Can Moorcroft debt recovery enter my premises?

    NO – they cannot, unless you invite them. They are debt collectors NOT enforcement agents.

  • Can I refuse to discuss my debt with Moorcroft?

    Absolutely yes. The original lender or service supplier has to talk to you if you wish. Your lender or provider cannot reassign the obligations under your contract. One of their obligations is to discuss your account with you. Therefore, if they say you will have to speak to Moorcroft, inform your lender they are breaking the law and you wish them to write to you repeating what they have just said to you.  After that you could, and we say could (not demand) that they amend/write off your debt. Indeed many of them will have recordings – always ask them to email you a mp3 or transcript of your conversation.

  • What if I cannot afford to pay Moorcroft debt recovery?

    Fill out an income and expense statement. Be completely honest about it. We can assure you that it is not in the interest of Moorcroft or your lender to try and get money out of a stone. Do not try and blame the salesman etc. for getting you overindebted – they will always defend their introducers. Take it on the chin and send them a statement. You might just find that they will write it off or take a token payment. They have an obligation to treat customers fairly.

  • Can I avoid pay my Moorcroft debt?

    Of course, you can avoid it – however it will not go away. Remember that you have used someone’s money or service and they deserve being paid. If you cannot pay them, they deserve to be told the truth. Invest an hour or 2 and it will be resolved forever. Be courteous and pleasant at all times. The people you are speaking to only came in to do a day’s job. It is not personal it is simply their job. We assure you that you will feel better once it is put to bed and resolved.

  • Can Moorcroft Debt Group write off my debt

    The answer is probably yes. If they have purchased your debt from your lender they can write it off, if they have a good reason. If Moorcroft are acting as a third party debt collector, they can recomend to your creditor that your account should be written off. The simplest (and only) way to achieve this is to complete a financial statement and a short letter explaining your over indebtedness and inability to pay. Give them a valid reason to strike off your debt.

  • Does Moorcroft have to be registered with the FCA

    Yes they do, and yes they are. If you want to dig a bit deepeer into who they are and what they are allowed to to you can visit Financial Conduct Authority. The FCA has all the details you would need to make a thorough investigation of your own. However, you would only require this information if you beleive they have done something wrong in the way they are treating you.

  • Does Moorcroft Debt Recovery have to abide by the Data Protection Laws

    They certainly must. And you can check they have a valid registration at the Information Commsioners Office website. Never let data protection get in the way of resolving issues. Many debt collection agencies make it difficult to discuss your account because they want your personal information. If they say they need further information to discuss your account you can write to them and inlcude a secret password that they can use. Or simply say that all discussion will have to be by letter and them write to the most senior person you can find.
    Remember that the DPA is not an excuse not to resolve your account. We know we were there when it was being introduced and the red tape maniacs have went over board as the years have passed


Acceptance And Remorse

Maybe some strong words when dealing with a debt collection company. However, if you want to succeed in getting great result you need to occupy the moral high ground. They probably have the legal high goriund , so you play to your strengths.

We will assume that the debt is yours. Simply accept it, no amount of arguing or screaming will change that. This allows you to move to a stage on resolving the situtation. If you have a genuine complaint and by that we don not mean something minor, like a letter wrong in your name or the way the member of Moorcroft Debt spoke to you. If you have a serious dispute about the ownership of the debt write to them. If it is not valid, you have wasted YOUR time.

Remorse is your way of understanding that you have wasted your money on whatever and you now are expected to pay for the goods you used. Genuine remorse will go a long way to creating a great rapport.

Once you have accepted that it is your debt and that you have genuine remorse, you will obtain a seriously good result with any debt collection agency or lender.

Your Moorcroft Debt

Let us get this right – Moorcroft debt recovery are contacting you because you entered into an agreement. It could have been for anything: a phone, personal loan, car finance, utilities, home mortgage, boat loan, room rental. Just about anything where you had the use of something with the promise of future payments.

The first thing for you to do is simply accept your indebtedness. Do not try and become a legal expert trying to find a loophole. Debt collection companies like Moorcroft group and credit collection services have heard it all before.

Do not try and say they have no right to collect the debt. You can be sure that Moorcroft and the lender have had legal opinion on their ability to do so. There is an addendum to this that many people ignore and which we have personal (painful) experience of. The actual debt (income stream) can be assigned but not the obligations of the lender. Keep this in mind for later.

Income And Expenditure

Put some work into creating your own personal income and expenditure spreadsheet. Many debt collection agencies want you to use their version and I am sure Moorcroft group are no different.

You can create the spreadsheet over many weeks or even a month of 2. This is going to help you. Add the things they might not usually consider. Gambling, alcohol, smoking, obesity. Be honest with yourself. It might lead to a better lifestyle.

Writing things down makes it easier to deal with. It makes it easier to discuss your financial situation with debt collectors or debt attorneys. Or self help groups. There are groups in your area that can help. However, it is a good idea to be prepared.

Never, Never, Never

2 things you must not do.

  1. Never threaten violence. Keep the moral high ground.
  2. Never offer a payment you cannot make, just to keep the person on the phone happy. They get paid for promises being made. However, it is better for them and you to make an offer you can keep.

Your Original lender

The reason that Moorcroft debt recovery are chasing you is because someone lent you something. The lender will have done everything, insomuch that it can, to ensure you could repay. Although there are caveats here

  1. They were not given your real facts. Either by you or the lenders staff or introducer. There lending decision was made on the facts that they were given. They will assume that it was you, as you have signed the agreement.  It is difficult, but not impossible to prove otherwise. Notwithstanding that – if you have had use of the item or service that the credit was granted the lender can use that as a defence. However, we do not want to get involved in legal terminology.
  2. There was a large deposit made on an asset which they can quickly resell. Possibly quicker than the loan/rental term. However, this type of repossession is becoming more difficult for the credit grantor.

Notwithstanding that your debt has been sold to Moorcroft or they are collecting on behalf of your lender. The lender still has to uphold his obligations. And in turn, Moorcroft debt recovery ltd has to uphold those obligations. Generally, data protection and treating customers fairly. Once again, just because the lender has deviated a little from their obligations it might not eradicate your debt. They cam always rely on the law to enforce.

You do not want to go to court. The lender can afford better debt attorneys and collection lawyers.

Here is something that all lenders know or should know. People defaulting has rarely bankrupted a lender. Fraud is the death knell of a lender. And more often that not this comes from within or from you dealer network. Seek your savings there and not investing in better debt collection methods.

Advice To Lenders

Invest in real underwriting. Spend time there and your debt collections teams can be reduced. Put debt collectors in charge of lending. Mix up you credit and risk teams.  If you have a credit control department – close it until you have a better name for it. Maybe Good Business Creation or something – anything. 

By the by lenders – ensure that you debt recovery solution provider uses voice analysis. In addition, make sure 1 of your people who knows how it works. You can then add in your own keywords and phrases. Saves a lot of time reporting.

One of the top most concerns for debt collection agency is their ability to exist. It will come to an end.

The Law

Debt collection law or debt recovery recourse through the courts is the last thing you want to become embroiled in. Do not cut your nose off to spite your face. The likes of Moorcroft Group and Credit Collection Services have teams of debt lawyers on their payroll or on contingency.

Unless you want to become a martyr, we suggest other ways of resolving the issue.

Remember the law gives you the minimum protection – and we mean this in a good way. Debt collectors can give you a better deal than the law allows. ALWAYS. We know, we have done it many times.

Debt Collection Solutions

In this section, we have suggestions for all concerned. Each of the suggestions are beneficial to all parties. None of these debt collection solutions favour one party.

Debt With Collection Agency

Just because your debt has been transferred or sold or being collected by a debt collection agency: it is still you that is in control. You have something they want. They want your money or they want you off their books.

Many people like yourself has googled debt with collection agency to get some help. Mostly you will get debt consolidators hoping to make some money from you. Or debt lawyers wanting to give you advice.

However if you have searched for impartial advice using debt with collection agency you will find it here. Some you might like and some you might not want. It will not go away unless you deal with it. What is for sure the more pf their time you take up the more they want to get you off their books.

You might want to remember if one debt collection agency returns your debt to the lender, it may well end up with another firm of collectors. Keep all records; either paper, calls or electronic. If possible record personal visits.

Pre Repossession

We have to assume a few things here. You can no longer afford the car/boat/house/phone or whatever. It might sound harsh – but you can survive without this item. We know this is a hard decision. However, maybe you can obtain a similar asset or item form a different supplier. Just think about that and do a bit of research.

Here is what you want. You want debt for the current item to “go away”.

The lender or debt recovery agency want to resolve this as cheaply and quickly as possible. No matter what they say, they really do not want to go to court to have their asset returned.

Inform them that you will return their asset (car, phone, boat or whatever) on the following conditions:

  1. There will be no payment of the arrears
  2. There will be no payment requited on the shortfall of the sale of the asset
  3. All details of the loan will be removed from credit bureau register. This can be done, and it is quite easy. If the lender says they cannot do it – tell them to speak to their data controller.

It is a simple letter; here is our suggestion

Dear (lender)
Your Details
I write regarding the above. I will allow you or your agents to take possession of (describe the asset) on the following grounds.
That is it. We used this many times for people who we considered to have been hoodwinked or experienced unexpected changes to their life.

Post Repossession

Lets us tell you how much your post repossession or sold debt can be worth. We were once involved in the sale of “post repossession of distressed debt” in the UK. Fancy talk for bad debt. The average balance was £2,600 and the total balances involved were in excess of £100,000,000. It took us 8 months to put the pack together and another 6 months to “sell” to the debt purchase company. Who were similar to all debt collection companies.

The debt was sold for £1,300,000. Which is 1.3%. Add some expenses and we are at 2%. This gives you an idea of what your personal debt is worth to the debt collector. Admittedly some debt is worth more and some a lot less.

Why would a lender sell the debt to Moorcroft Debt Recovery? Their option is to completely write off. Many lenders want to lend – they do not want huge collection departments.  Debt collection is specialised. Not everyone is suited to be a professional debt collector.

The directors of the company we worked for were over the moon to get rid of 40,000 customers and pocket £1.3 million.

Negotiating With Debt Collection Company

It costs a debt recovery agency truly little to keep calling you and sending you emails. They are all automated until you do something. What does cost them, is interaction with you.

The art of negotiation is fairly simple. Start low and move slowly. Move the same amount each time, no matter what they say. It will cost them time and money to consider your offer. In addition, if you ever go to court, you can state that the lender or Moorcroft debt collection or whatever debt collection agency is obtuse.

Make them an offer in writing. “I offer you xxx in full and final payment of (describe loan/account) on or before xxx date.

Be reasonable with date. Not too short and not too long.

If you are a bit on the cheeky side, ask them to remove records. However, that is up to them. They can if they want,

Moorcroft Debt Recovery

Their motto is managing debt responsibly. Now, we have to question this.

From a purely business point of view. A lender uses risk based pricing. Therefore, it expects bad debts. If it is not using risk based pricing, it should be. If a debt goes bad it should be written off. Assume that the debtors have overextended unintentionally, or circumstances have changed.

It is in the price. Accept it and stop penny pinching. And that goes for all the other debt recovery agents in the UK. Recovery agencies in Australia and debt attorneys in the USA.

Voice Recording

Why do some debt collection companies and debt lawyers refuse to use voice analysis? It is cheaper than a team of people listening through sample conversations. It is to your advantage that calls are recorded. Many of the voice analysis recording software solutions allow audio or printed copies to be sent to you.

If Moorcroft debt are recording your conversation insist on a copy being sent to you. And that goes for any other debt collection company.

Here is what we think. They want to avoid compliance issues. Proper voice recording and analysis is difficult to manipulate.

Related Searches To Moorcroft Debt Recovery

The most often asked questions about MDRL are:

  1. Is Moorcroft debt recovery is it real?
  2. Will Moorcroft debt recovery take me to court?
  3. Can Moorcroft but my debt?

The simple answer to all of these is yes. Stop avoiding and start communication. Here is the thing. Contact them to see who they recommended that can give you free and impartial advice – they are obligated to tell you.

Alternative To Moorcroft Debt Recovery

If you see any of the following: seek advice. Many of these companies are out to make a profit. Seek out a debt charity of citizens advice in your local area.

  1. Debt management plan
  2. Consolidation loan
  3. Debt arrangement scheme
  4. Individual voluntary arrangement

Companies offering these will have a fee. That is not to say they are not an option. Consider carefully.

Is Moorcroft Debt Recovery Real

Indeed it is. If others tell you to ignore them out of hand, think on your own behalf. Alternatively, there is government advice on what to do if your are overwhelmed by personal debt.

Nearly all the advice on the web about Moorcroft Debt Collection is from companies offering and IVA (individual volutary arrangement). These are arranged by a “qualified” person. An IVA will often last 5-6 years.

You might consider negotiating with creditors on your own behalf. Doing it on your own can be rewarding. If you are not up to it – or you have many debts. Ask a non profit what you can do. Or try and increase your income with earning or saving

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors #debtfree

debt collectors in brisbane

Ultimate Guide To Finding Awesome Debt Collectors In Brisbane

debt collectors in brisbane

Debt Collectors In Brisbane

debt collection agency brisbane

We will show you how to find the best debt collectors in Brisbane, Queensland, Australia. What we mean, is the best debt collecting agency for your needs. Everyone has different needs and levels of service. You can use this as a guide to find the best debt recovery solution for you. You will find our must use industry tip to finding great debt collectors in Brisbane at the end of the article.

There are important debt collection facts and tips instead of you jumping in.

Before you begin there are a few fundamental facts that you have to assemble. You must have these facts available or look at an alternative solution to your collection strategy

Debt Recovery Fact Checker

  1. Do you have absolute proof that the debt is owed? Documents etc. You cannot depend on a mere bank transfer or verbal obligation. Debtors will merely say that you gave them the money. Or, we did not say that, and it is their word against yours. A fulfilled contract is essential. A signed document by both parties is the basis of your claim.
  2. Does your debtor have the ability to pay? Before you spend another cent, does the debtor have the money to pay. If they do not have any money, even the best debt collectors in Brisbane cannot get blood out of a stone. If their money is hidden or offshore you could do with a different strategy.
  3. Is it a personal debt or a small business debt? There are different debt recovery lawyers in Brisbane that deal in specific niches. It is a question they will ask you and one that you should be asking them. IE do you have extensive experience in dealing with personal debt or collecting business debt.
  4. There are no unresolved disputes or quality complaints. You must ensure that your debtor is not going use this as an excuse. It will cost time and money. If your debtor is using a dispute as a mere smoke screen to avoid payment. Make sure you give this information to your agent or lawyer.
  5. What are your debt recovery expectations? You could consider all of the debt paid over months or years. Or you might want to negotiate an expedited settlement. There is the idea of selling or factoring the debt. Money today? It was/is your money and it is up to you to decide. Then take advice.

Location, Location, Location

Your debtor is up on the Sunshine Coast and you are down on the Gold Coast. You might be an international debt collection agency and have no idea if Bindebango is near Byron Bay. Or can you simply pop over to Toowoomba for an afternoon chat with a debtor if you are based in Southport?

If you are local to Brisbane and you debtor is in Brisbane, it is not going to matter very much. However, our advice is always to use a debt recovery agency nearest to the debtor. This makes it far easier for the agents to visit the debtor in person. You can always use zoom etc., to engage with you chosen recovery agent.

It is more important for the debt recovery agent to chat face to face with your debtor, than you to be in front of the collection agent.

Try here if looking for personal injury lawyers in Sydney.

Debt Recovery Lawyer or Debt Collector In Brisbane

This depends on your debt and your strategy. Generally speaking, a debt recovery lawyer in Brisbane (or anywhere else) is not too keen to knock on doors. Whereas debt collectors are good at knocking on doors and giving debtors a telephone call.

However, lawyers are always keen to play by the book. If your reputation is at stake there is always recourse against a lawyer if they get it wrong. Plus, if your debtor has a lawyer, they will be far keener to negotiate with their own kind.

Best Debt Collection Agency Brisbane

So how do you go about finding the perfect agency for your personal debt or small business debt?

Brisbane Search FAQ’s

Can I be sure that I only see Brisbane based debt collectors

Absolutely YES: Use google maps.

Can you help me?

Yes we can! follow this link debt collectors in Brisbane

Will these searches help me with service reviews?

If you click on the red marker, the collection agences will appear on the left hand side with their review ratings

Do you recomend any of these debt collectors

No: we simply help you find a debt collector or debt lawyer in the Brisbane area you are looking for.

What do i do now?

Call or email the companies you like the look of.

Debt Collectors in Brisbane Solution

There are various quick solutions to finding debt recovery specialists in Brisbane. Here are our recommendations and ways not to do it.

The absolute worst way is to search Google for debt collectors in Brisbane. This is an absolute waste of time with 1.5 million search results. Who has the time to review even the first 100 or so? Not taking this non-solution any further. Do not even contemplate doing this.

Second best solution is using “parentheses”. Use the following search term by copying and pasting into a Google search box.

“debt collectors in Brisbane” 300 results

“debt recovery lawyers Brisbane” 800 results

The #1 solution used by industry experts is Google maps. You can do this in 2 ways. Learn how to do the search yourself as follows. Or use the searches we have already arranged for you.

debt recovery lawyer brisbane

Do it yourself:

  1. Open google maps
  2. Search for Brisbane, Queensland
  3. Search for the service you want. Debt collector or debt lawyer etc.

Or click on any of the solutions we have set up.
Debt collectors in Brisbane
Debt recovery lawyers Brisbane
Debt collection agency Brisbane

This is another page in our Australian debt recoveries series. We add locations and useful information on a regular basis.

insider tips to find a debt collector in brisbane

How to easily find a debt collector in Brisbane

Great Brisbane Debt Collector In 15 Mins 15 minutes

Open Google maps

catastrophic injury lawyer

In a google search box, simple type Google maps and open link. You will be presented with a map

Location

find best catastrophic injury lawyer

Type in the location. Country, region, city, village or street

Service required

do you need a catastrophic injury lawyer

In the same box that you typed in the location. Overtype with the service you require: debt collector, debt collection lawyer, debt recovery agency, etc

Research

do you need a choose a great catastrophic injury lawyer

You can now move the map or increase/decrease the size of the map. On the map you will see red markers, these are the companies you need to investigate further. Click on a marker and the full details of the business will appear on the left sidebar. You will see reviews and the services they offer.
You can open their website for further information.

Contact

By far the best way to get a result is to call them. It is better than an email and it indicates their level of service. Remember, your debtor may call them.

Brisbane Based Debt Collectors or Australian Debt Recovery Agent?

This is a question that is often asked. Do you want or need the resources of a national debt collector or the local knowledge of a debt collector in Brisbane? Debt collectors in the Gold Coast are going to be able to visit your debtor quickly. They will also have personal knowledge unavailable to national and international debt collectors.

Many small business in Queensland and businesses outside the gold coast will opt for someone who can handle all their debts in one location. The reason it appears to be easier is because your credit control staff do not have to think too much. All they need to do is recognise a slow payer and bung it off to whoever. This might not be the best solution for your business.

Here is a basic truth of credit control. In all our years in debt collection we have never found a “credit control” department who was effective or efficient in collecting debts. No matter if the debts were close by and especially when they were further afield. They send a demand or reminder letter, complete a bit of administration and that is it.

Salespeople are even worse. They understand sales commissions. They should be left toy what they are good at. Once again we have experience in working with salespeople as debt collectors. It does not work.

Dedicated Debt Collector in Brisbane

If you are a small business or medium sized business in Brisbane. Find a decent debt collector who see it as their profession. We feel great pride in doing our job properly and professionally. It can be a part time position based at home. There is so much IT and software solutions out there to make it easy to do. How many clients should they handle? We managed a debt heavy business that allocated 800 debtors to each collector. Some more automated businesses allocated 2,000 live accounts.

Nobody will collect your debt better than you own dedicated person. Give them as much information as possible about the profitability of the accounts they control. Ensure that the bonus or commission structure ensures that the account is remedied – no cherry picking or milk rounds. If you do not understand these debt collection terms, you need to learn them soon.

Basically, accounts have to be forced and the collector or debt agent does not create a regular collecting regime that is aimed at earning commission. You might need help form a professional to discuss these.  

YOU have to find a debt collector in Brisbane or Queensland who actually know what they are doing and teach them about your business. They might be in your business now. Give them a bit of leeway. The best debt collectors are different. Guidance rather than fixed rules. Notwithstanding that they work within the law. The moral high ground always works best.

Become your own private debt collection agency sunshine coast. It might not be all sunshine but it is worth the investment.

Personal Debt Recovery

If you need to recover personal debt. Pop over and read our page. It will give you some hints and trade secrets. You will need all the unbiased help you can gather.

Personal Injury Claim

If the “debt” you want to clain is becuse of an accident or an injury that was not your fault. You have to find the right representation. Not only that, it is a good idea if you understand a bit about what and what you cannot claim.

You need a lawyer who deals in personal injury claims. Luckily, we have an laymans article on this, filled with academic research.

Can Brisbane Debt Collectors Take You To Court Australia?

The short answer is yes. However, there many conflicting reasons not to go to court or to do it quickly. Nor is it normally up to the debt collector it will be the decision for the lender. In all my years I have never allowed or never know a debt collector to instigate legal proceedings – no matter what they say.

If you can pay and won’t pay – you end up in court. Should you have no assets nor steady income, rarely will the lender take real action. The excepton is if you have realy annoyed. YES, there are vindictive people in lending institutions and they have more money than you.

Comments

If you have any experiences or recommendation on debt collectors in Brisbane, we would love to share them. A few moments of your time cold save someone their business. Or put to end a money grabbing scammer.

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors #debtfree #legaldebtrecovery #corporatedebtrecovery #consumerdebtrecovery #legalhelp #debtfreecommunity #debtfreegoals #debtfreejourney #latepayment

debt collectors uk

How To Find The Best Debt Collectors In UK

debt recovery services company

Debt Collectors UK | The Best

You will have no lack of choices looking for debt collectors UK.  If you search google you will receive 5,600,000 results, 20 adverts and 8 suggestion for other search terms. By using our tips of the trade, you can reduce the results down to a more manageable 2,610 and half the number of ads.

If you desire a visual look at debt recovery UK firms, we can show you how to easily do that.

The solution we demonstrate to you is fantastic, if you are looking for debt collector near you. Or you are outside the UK and you need a UK debt collector. More importantly you might need a debt recovery agent who is located near your debtor.

An agent nearer the debtor is better than nearer you. It means the agent can visit more often – if need be.

You will learn how to use Google operators to find exactly what you want. This technique will certainly reduce the results to debt recovery UK companies. Reducing the time it takes you to find a suitable debt collecting company.

allintitle: debt collectors UK
allinurl: debt collectors UK

All you do is copy and paste either of the above into a google search bar/box. Your results are now reduced to 2,610 and 3,660, respectively. These numbers are dynamic and change form hour to hour. But it is far easier for you to review a few thousand results than several million.

You will find more than a few solutions in the following paragraphs. There will be one particularly suited to you. Each solution becomes more focused and concentrated. You can mix and match the search terms until you find exactly what you are looking for.

These tips of the trade will save you an enormous amount of time and effort. And your money.

Here are some FAQ’s

Do I need a professional debt recovery agent?

We would say YES you do. Most private undoviduals and SME are not geared up for chasing debt.

What will it cost to hire an agent?

This will depend entirely on the debt. It could be a fixed fee of a few hundred. Or a now win no fee – however you can expect to pay up to 60% commission

Will I get all I am owed back?

Given time you might. Genrally speaking it is highly unlikely that you will achoeve 100% of everything including, inital debt, fees, time invested.

Can I claim for the time I have spent on this?

Not really. Unless your business is debt collection. Focus what is owed and chalk the rest down to experience.

Is it all worth the candle?

That is a good question! If you get the money back it is. If you do not, it is time and money wasted.

How do I know if it is worth trying to litigate etc?

Have the debt collector or an investigator find out if the debtor has cash or assests – which is easier said than done.
You might wish to try an alternative method if that fails.

Debt Recovery UK

You would think that searching debt recovery rather than debt collectors would return similar results. That is an emphatic NO! 66,000,000 results for this search term.

That is an unbelievable amount of results for you to plough through. If most people were honest, they would be overwhelmed and look at a couple and “get it over with”.

So back to Mr. Google’s operators allinurl and allintitle.

allinurl: debt recovery UK
allintitle: debt recovery UK

This reduces the ridiculous amount of results into 1,000’s rather than time consuming millions. It allows you to make a better choice; quickly and easily.

Debt Collection Companies UK

You are never going to believe what number of results this provides. As the more words there are in a search term, the more results. On this occasion 223,000,000. If you are an international debt collector or lender, this looks like a lost case.

debt collection companies uk

You can use “parentheses” and search “Debt Collection Companies UK” and the numbers are miraculously reduced to 40,000.  

However perhaps even this reduction in search results for a debt collector or a debt collection company in the UK is not good enough for you. You want to know exactly where they are, or are they good enough for you.

Let us go back to our initial search for debt collectors UK or try here for debt collectors in Scotland.

Moorcroft Debt Recovery

MDRL are on eof the biggest in the UK. If you are a lender looking for a debt recovery company in the UK, you could have a look here. If you are a debtor – our site has information on how to deal with debt collectors.

Debt Collectors UK

We are going to show you one of Google’s most awesome and breathtaking tools. One has to assume though, that any company worth its salt is registered or connected to Google in some shape or form. Not only does this show you the location it includes reviews. Though you can take a review for what it might be worth. However generally their value averages out over time.

We are ready to show you a quick video on how to use Google Maps. This is not edited and is the actual time you will invest. 57 seconds.

How To Guide

How to find debt collectors in the UK

find a debt collector in 5 minutes 5 minutes

Open Google Maps

How To Easily Find The Best Debt Collectors In Scotland

Use any search engine or google.com/maps

Search for UK debt recovery agency

find best catastrophic injury lawyer

You can use other search terms like; UK debt collector etc

Narrow and define your search

do you need a catastrophic injury lawyer

Using the mouse or the controls on the bottom right. You can easily navigate around the UK. focusing in yor local area or the debtors location

Make you choice

do you need a choose a great catastrophic injury lawyer

Click on any of the red markers and you are presented with the businesses full details and reviews.

Make a move

The best idea now is to call the debt collector. This will give you an indication of their service level and communication skills

In our next video we will show you how to start with a specific city and inspect various companies. You will:

  1. Open google maps
  2. Change search details to Edinburgh
  3. Type debt collectors into search box
  4. Further investigate Edinburgh:
    1. moving map
    1. increasing/decreasing size with +/- on bottom right hand
  5. click on red markers to research debt collectors

You will clearly see that when you click on the red marker, it will highlight the company on the left sidebar. This gives you the address, reviews, and website etc.

None of the debt recovery companies or debt lawyers that we click on, in the video, are not be considered a recommendation. It is only for demonstration purposes.

Other Services

debt recovery uk

This has nothing to do with debt recovery companies or debt collectors. There are many of you who will realise that using google maps is awesome for discovering any location based service.

The hint: if you are looking for a country rather than a town/city, use the country name in the search. I.e. —       UK debt recovery agency

Comments and Suggestions

You have read and seen our ideas. If you have any suggestions about debt collectors UK or debt recovery agents in the UK – everyone would like to hear them. Your recommendations or otherwise.

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors #debtfree #legaldebtrecovery #corporatedebtrecovery #consumerdebtrecovery #legalhelp #debtfreecommunity #debtfreegoals #debtfreejourney #latepayment

small business debt collection

How To Guide For Small Business Debt Collection

small business debt collection

Small Business Debt Collection

For the purpose of clarification, when we speak of small business debt collection, this article is for the creditor. It is to highlight the options for a small business to collect their debt cheaply and quickly.

A large debt or several small debts defaulting, can bring a small business to its knees. This is especially true if the debtor goes into bankruptcy, flees, or simply will not pay you.

How To Collect Small Business Debt

Quick and Easy 10 minutes

Move Quickly

The quicker you move the better. Get the final demand letter to them and make a deadline

Is There Money?

Does the company have money NOW. Pay me today or tomorrow. If they do not pay you – start step 3. No waiting. Start the clock ticking

Move Quicker

Start court proceedings within a maximum of 60 days overdue.

No Success?

Think out of the box. Maybe there is something in our box.

Your Options

The great aspect of modern technology is that small businesses can leverage the power of the largest debt collection agencies. But this can only work if the debtor has something to pay with. Many customers suddenly become professional nonpayers by hiding their assets. And with international banking and travel so simple – they can simply transfer cash to anywhere.

business debt collection

So, what are the debt collection options for a small business.

The first step is to send a reminder letter and a final demand. These letters HAVE TO BE followed up with a professional phone call. Your reminder, final demand and call must be within 30 days of payment being due. Either you or a professional must create a small business debt collection letter.

A telephone call should always be preceded by a reminder letter or email. It gives your call “legitimacy”. With over 40 years’ experience we understand that you need to refer to something.  

You can do this yourself or have a debt collection agent do it for you. A small business debt collection agent is the better option. However, make sure you understand the fees and commission.

  1. No emotion. Neither you nor the agent should be angry, sad, or aggressive.
  2. Debt collection agencies have heard every story in the book. DCA’s deal with this day in and day out. An excuse being only an excuse. It is not a reason for nonpayment. There are no reasons, apart from fraud.
  3. A collector should remain focused on the debt – nothing else. Not charges nor extra fees. Do not become distracted. Be focused on collecting the debt, first and foremost.

Small Business Debt Collection Outsourced

The step above is reasonably cheap and works quickly. You certainly know if the debtor will pay or not. However, they have not paid you. You really need a professional at this point. There is really only 1 important decision. A debt collection agent near you or near the debtor.

If you search google for business debt collection agent, you will be given millions of results. Literally, millions of pages including some adverts. Here we give you the solution to finding a suitable debt collector. We have used Sydney. You can use your location or the debtor’s location.

This will work for you locally, interstate or internationally. Its is Google, so its free and it is the tool that debt collection agencies use to outsource their assignments.

Simply open google maps. In the top left search box insert the location you require. Once the location has been found you can search the for the service you want, business debt collection, debt attorney or lawyer etc

Your Questions Answered

Why Should I Move Quickly

Generally the sooner the better.

Should I Stop Process With A Promise Of Payment?

Never. The process stops when you are fully paid.

What if Business Is Bust

Write it off and never worry about it. Or chase the business owners, if you believe that is the right thing to do.

Can I Sell My Small Business Debt

Yes. However 2 things to consider. You will not reive the face value of the debt – maybe as little as 10% or less. You can assign the income, but not the responsibilites of any contract – even though they have not paid you. Choose a reputable firm to sell to.

Business Debt Collector Fees

A business debt collector is going to charge you a fee and you have to decide if it is worth it or not. There are many things to consider that only you know. Is it personal or just business? A fee for debt collection to vary from 15% of the debt to far more. You might even lose more money.

Business Debt Collection – The Initial Decision

Genrally speaking if you are trying to collect from a business, the debtor company will know what they are doing. You are not the first to try and collect from them. Have a good, cold look at why you allowed them credit in the first place. Did they accept the terms too quickly? Have you had previous experience? Did they gradually increase their indebtness over time? Was the salesman being paid handsome commisions on the sale and not the payment? Did they have to pay a reasonable deposit? Was the decision made on GUT instinct?

If YOU have failed on making a properly informed decision, the chances of recovering the debt are slim. Before you even commence a debt collection process have someone look at your credit vetting. If you got that wrong, you might learn something. The cost of that decision could be to write off the debt and getting back your your core business.

If it is a large debt, find a professional debt collector. If the debt was small, chalk it up to experience. However do not allow that experience to hinder your business by not allowing credit sales.

Final Decision On Business Debt

Is it all worth it? You might have to invest some cash. Is your time better invested in finding new business? Is your expectations of collecting your debt too ambitious? How long will it take the debtor business to pay you?

However, you do not want to be seen as an easy touch. The word does get out. Although you have to watch your P’s and Q’s because of data protection etc., the debtor can say anything they please. There are solutions to that scenario.

You could choose a commercial collection agency. They specialise in business debt and understand the law. Use our tips on how to find an agent near you or near your debtor. It will save you time and grief. us eth tools the professionals use. They are free!

Sell the debt. There are buyers out there willing to buy distressed business debt. You will receive less than you thought.  But it is a relatively low involvement solution.

Resolute Collection Services

If you believe that your debtor is hiding assets you might consider our solutions. Sometimes the unusual works. At the very least, you see something being done.

small business debt collection agency near me

Comments On Debt Collection

If your business has had a great success with a small business debt, we would love to share it. 5 minutes of your time could save another business from failing.

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debt collection agency near me

Super Easy Way To Find Debt Collection Agency Near Me

debt collector near me

Debt Collection Agency Near Me

You would think that searching Google for: debt collection agency near me would do exactly that. Well, it is not so easy. You will not find debt collection agencies near me using that search method. You will find a few debt agencies near you. But mostly you will find, debt collection agencies with clever marketing guys – which can be a good thing.

We will show you how to narrow your search from 300,000,000 results scattered all over the world to an easily manageable 20, near you.

Another issue for you to think about; do you want a debt collection company near you or near your debtor? Debt collectors like to be near your debtor. It is far easier to go and knock on the debtor’s door if they are close at hand.

We have some real facts, which you can check on Google. Our page will show you how to better use Google; so that you can find a debt collection agency near me (you). Although google is getting better at giving you exactly what you want. The web design guys at debt collection agencies are terrific at reeling you in. Persuading you that they are near you. When in fact they are not.

How To Find A Debt Collection Agency Near Me – in 5 Minute

15 minutes to find best debt agency 5 minutes

Open Google Maps

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Find and open Google maps on your laptop.

Loction You Require

find best catastrophic injury lawyer

Enter the location of your debtor

Service You Require

do you need a catastrophic injury lawyer

What sort of service do you need debt collection agency, financial investigation or repossession

Choose A Service Provider

do you need a choose a great catastrophic injury lawyer

Click on a firm and make your decision. Give them a call – not an email. Agree terms and time scale

Google Search Facts

If you search for debt collection agency near me, you will receive 298,000,000 results. You might also see a local map with a debt collection company near you.

You can narrow the results down to 11,200 by using “parentheses” as such “debt collection agency near me”. However, you will still see adverts from out of town debt collectors.

If you use Google’s other operators such as allinurl: debt collection agency near me or allintitle: debt collection agency near me. Your results will be less than helpful. They give out of date web pages and debt companies that are not anywhere near you.

(PS, I was searching from the South of England, your results may vary)

Best Way To Find Debt Collection Agency Near Me

This is unquestionably the best way to locate a debt collection agency for individuals or debt collection agency for small business near me. It seems like an insider secret, but it is in plain view. Follow 3 simple steps

  1. Open google maps. Easiest way to find it is in Google!
  2. In top let hand search box type in your location if not already showing
  3. Then type in debt collector or debt collection agency.

This type of search has numerous colossal advantages:

  • It is extremely specific to companies who have a business in your area. Unlike a standard google search which gives all in sundry. In our local Google map area, it has reduced 300,000,000 results down to 20!
  • You can quickly see where the business is. This might allow you to pop round and see them.
  • Your search will include Google reviews.
  • You will see their opening time and contact details without an additional click. Meaning less of your valuable time search for a suitable debt collection agencies near you.
  • If you click on the very bottom left of the google maps page it allows you to update search details if you move the map. Once again saving your valuable time.

Expand Your Search For Debt Collection Agency

We mentioned earlier that you might want to consider a debt collection agency near your debtor. This is particularly helpful if the debtor has moved.

Your local debt collection agency will use searches like this to subcontract debt collection work. Many companies do not have the manpower to be sending people all over the country. Nor do they have debt collectors internationally or in other states.

If the location is remote, simple increase the size of the area using the +/- icon on the bottom right

This will save you an enormous amount of time that could be better spent.

Debt Collection Agency For Small Business Near Me

You might not want to bother using this a search term. Trying debt collection agency for small business near me returns over 300,000,000 results. The same goes for the search term debt collection services for individuals.  It would be far easier for you to try either of the 2 solutions above.

Generally, both these terms are used and paid for by marketers in advertising

Debt Collection Agent List

We do not really get this idea. But we are always open to new ways of finding you the best debt collector for your needs. But who really needs a debt collection service company list? We can only assume it is for companies who want to sell software and services to the debt industry.

The Obvious Extra

You can use the information on how you search for a debt collection service to nay local service you require. Restaurants, bars, plumbers, car service. Just about anything you wish for.

FAQ About Debt Collection

Do They Need A Licence?

If the debt is regulated, they will. Many of the debt collectors for business debt will have a licence. It gives no recomendation. It is an easily gotten bit of paper.

Near Me Or Near Debtor

Near The Debtor. Use our how to at the top of the page. Insert debtors town rather than your own. Especially when recovering debt internationally.

What Will They Charge

How long is a piece of string. Even published charges are open to negotiation. Ensure yo have it written in a contract.

Business Debt Collection Agency Near Me

Before you get to the stage of needing a business debt collection agency, there is a differemt approach. Instead of after you experience trouble use them before!

Many credit control departments or employyes in a small company have no clue about credit and risk – they are administrators. To understand how to do the credit control function properly, they have to undersrand the business. The sting in the tail is that the business owner might not want to divulge margins to their employees.

As a business owner you need to consider outsourcing this function to a firm that can be trusted. I can hear you saying the cost, the cost of credit reports! It is a not an easy calculation. At its basic it involves lost sales. Not sales that have gone bad. And as an experienced risk and credit guy, I know that it is easier to prevemt than collect. However, the cost of outsourcing your credit function can substanially increase profitablity. Outsourcing is a variable cost with no employer liability. You can meet with them weekly or monthly and have frank discussions with them

Your credit policy should not be regarded as your cancellation policy by your salesman. Notwithstanding that it is easy to get sales on credit than cash. However, credit sales can increase your profitability exponentially.

As a parting thought, you can easily introduce accounting systmes that do the work of the credit control department.

back to the intial question about a business debt collection agency. When you find one that is suitable to do prelimanry creit reporting you have the ideal candidate for debt collection. Perfect circle.

Comments and Ideas

If you have suggestions of how you could easier find a debt collection company near me (you), we would love to share it. Especially for debt you collected in remote areas. We all love a good story. You could be saving a small business from a debt crisis.

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors #debtfree #legaldebtrecovery #corporatedebtrecovery

debt recovery services company

Best Method To Find A Great Commercial Debt Collection Agency

Commercial Collection Agency

Commercial Debt Collection Agency

You have some outstanding debt and you need a commercial debt collection agency. Before you go guns a blazing looking for a commercial debt collector, you have to check a few factors. This ensures that you will get paid quickly or not at all!

  1. Can you prove that the business owes you money?
  2. Do they have cash or assets to pay you?
  3. Has any complaint or quality issue been resolved?
  4. Has a reminder and/or demand letter been sent and ignored

You have checked the above and you are ready to search for a commercial debt collection agency.

A quick search of Google will provide you with 120,000,000 results. Yes! One hundred and twenty million results. Now, you want to ensure that you will see companies that actually collect debts and not logistics companies. You need to use Google logically.

How to find a commercial collection agency

The Easy Way in 5 Minutes 5 minutes

Open Google Maps

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When you open google maps it will probably open where you are. Move to step 2

Search For Location Of your Debtor

find best catastrophic injury lawyer

It makes sense to locate a debt collector where your debtor is. The debt agent will be able to pop round for a face to face if needed.

Enter The Service You Require

do you need a catastrophic injury lawyer

Search for the service that best suits your requirements. You might need an investigation or a repossession. You might need a debt litigator.

Choose And Review Potential Providers

do you need a choose a great catastrophic injury lawyer

Once you have given providers of the service you need. Give 3 of them a call. Have some prepared questions and ask all 3 the same questions. Make a decision and go for it

How To Use Google

To find the best commercial collection agency you need to at least mention debt somewhere. In addition to debt you ought to want a more defined search. This is where we can help you find the best debt collector. Or at the very least make your search easier. Try a standard Google search for a ridiculous amount of results.

how to use google to find a debt collector

If you copy and pastes the following into Google it will return just under 8,000 results.

allintitle: commercial collection agency

you can also use the next search term. It is remarkably similar and returns a tad under 4,000 results

allinurl: commercial collection agency

in addition to narrowing down the results you have to plough through. It will/should give the nearest one to your location. The location does not always work. That is more about Google than the search term.

Here Or There

Most people when looking for a commercial debt collection agency pick one that is near their location. From personal experience as debt collectors we are not great travelers. We enjoy collecting debt near us.

local debt collection agency

Your answer to that, is to locate a debt collector near where the debtors does business. Or should we say, the location from where the bills are paid. This allows the agent to pop over at short notice or on a regular basis.

You do not want the commercial debt being subcontracted to another collector. You have chosen this debt collector and that is the one you want nocking on the debtor’s door.

Many debt collecting businesses can deal with you via the phone, Skype or Zoom.

Debt Collection Agency Near Me

Here is how to use google more accurately, than adding the city or town to your search. Open google maps. This is where you can either locate your own city or the city where the debtor is. Type the location into the search box – this then shows the location you are looking for. Alternatively, you can use your mouse and the increase/decrease arrows to “search the world” (bottom right).

debt collection agency near me

Once you have located the area that you are looking for, type debt collection agency in the top left search box. The relevant businesses will appear as red dots on the map and a full description on the left.

You will find that this method of searching a debt collection agency near me or adding the location is far more effective. The reason for this, is that smart marketing people can add place names into their website meta data. Using the method described above, they would have to have a proper office. Or should we, they should have a proper office.

This method is good for any search: debt collector, international debt collector or commercial debt recovery. To be fair, it is good for any type of location based product or service you need.

Commercial Debt Recovery

debt collector investigating debtor

Is not always about cash. You might have an asset to repossess or a service that can be terminated. However, that is for other articles on our website. You can use our search facility at the top of this page.

If you are looking for the exceptional, then Resolute Collections has a few services that might fit your requirements. We have skills and experiences that help us to turn out to be your preferred supplier for commercial debt recovery.

Commercial Collection Agency Association

This USA association is for the benefit of debt collection agencies. If you were thinking of making a complaint to the commercial collection agencies of America about a debt collector think again. The CCAA is a resource for commercial debt collectors.

A similar organisation in the UK would be the Credit Services Association or the CSA. The CSA is set up by and for the interests of its members. Not for the interest of the public or people who need a debt collector

In Australia you have the Australian collectors and debt buyers association. The ACBA seems to have more information on its page. Their information would be good for anyone interested in debt collectors or debt purchasers.

If Europe is where you are looking to collect debt visiting Federation of European National Collection Associations.  However, this looks like a bureaucratic nightmare. A talking shop – probably not for you.

Some Common Questions

Why Do I Need A Commercial Debt Collector?

They know the law and have heard every excuse under the sun.

Can I Recover The Debt Myself

If you are reading this, the answer is no. Focus on how you make money.

Should I Use No Win No Fee

Only as a last resort. Agree a staged fee. This could avoid large commissions, and you retain some control of what is being done to recover your debt

Can I Sell The Debt

You certainly can. There are many individuals and institutions who will buy your debt. Have a reasoanble expectation on what you will recieve.

Commercial Debt Collection Laws

Bearing in mind that this blog is read all over the world. Different countires in the UK different states in the USA and Australia. Is there any debt collection laws that are universal? This is my own set of laws that I have garnered over 40 years in business debt collection from all sizes of companies.

  1. Make sure that the company has money. If you want to rage against the machine you can use our services for small business debt collection.
  2. Ensure that your own staff have not “mislaid” the payment. This happens more often that you think. Nor is it new staff. It can be long serving staff with new financial problems.
  3. Do not threaten anything you cannot do or will not do – that is not illegal. You have a gut feeling about what is within the law. Do not do it or look for excuses to circumvent the law.
  4. Take action as soon as possible. The law of delay always works against you.
  5. The LAW is how you understand it to be.
  6. Debt collection solicitors advise on the law, you make the decisions.

Commercial Debt Collecting Agency Comments

We are sure many of you have had some success and frustration with commercial debt collection agencies. We would love the opportunity to share these comments and ideas.

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personal debt recovery

Simple 4 Phase Surefire Roadmap For Personal Debt Recovery

Personal Debt Recovery

The first question is not how can I recover personal debt? You should be asking your self is personal debt recovery worth the time?

How did you become a creditor and who is your debtor? Is there value in trying to recover your debt? By that we men could you earn more money by doing what you do? Is it worth the candle?

Some Basic Information

Prevention

It is better to prevent a bill being unpaid to chasing it. Remind the debtor a week or so befire it is due. Text, email or a call. Doing this is absolutely acceptable as long as you use the correct wording

Demand Letter

Send a reminder or demand letter. Send by email and snail mail. What is far more impressive is to hand deliver it. However never allow a sales man to deliver.

Non Payment

Move quickly. If you are sure that the debtor can pay but will not pay. Either start court proceedings or engage a debt collector.

Never

Never stop action until fully paid. Never enter into a conversation if you have engaged a debt recovery company.

No Result?

Time to think about what we can offer. Consider carefully before you commit.

How Can I Recover Personal Debt – Possibilities

How to recover personal debt depends on what stage you are at. What you should never do is apologize or threaten. It is your money and you want it repaid. We have to assume that a repayment date was agree at the beginning.

Professional debt collectors will not or should never threaten violence towards a debtor. It does not work out in the long term. Do not do it or engage a personal debt collector who says he will.

You now have 2 options. Either you do it yourself or have somebody do it for you.

How To Recover Personal Debt | step 1

The best way to recover personal debt is to start the process before it is “not paid”. This step you can do yourself. Send a text or an email to your debtor one week or so before it is due to be paid. Something quite friendly and innocuous:

Dear Sam, just a reminder that the $300 that I lent you 4 weeks ago is due next Monday. I prefer payment to my bank account which is XXX XXX. IF bank transfer does not suit you, I can pick it up. Please let me know what you prefer

OR

Hi Sam, just a reminder that the $300 that I lent you 4 weeks ago is due next Monday. As agreed, I will pick up the cash. We can meet at your place at 6pm. Cheers

Anything similar will do fine. You must include date and amount plus payment options. The only option is the way it will be paid. The date and amount are not up for negotiation.

How To Recover Personal Debt | step 2

They do not pay you as agreed. Your next step to recover personal debt is tricky. After 5 minutes of reading this article about personal debt recovery.  You will know what the best path for your personal debt recovery strategy is.

Personal Debt Recovery Solicitors

Finding a suitable personal debt recovery solicitor can be a minefield. If you cannot get a suitable recommendation for a local personal debt solicitor, you will have to search Google. You are going to be bombarded by 2,950,000 page results! By simply searching for a debt solicitor using allinurl it reduces your choices to a very manageable 10. This is what you copy and paste into Google:

personal debt recovery solicitors

Allinurl: personal debt solicitor

Searching for personal debt recovery solicitor using allintitle gives you 63 firms to choose from. This is far easier than even trying to research through millions of pages. What you tend to do is pick a solicitor from the top 1 or 2 pages using a wide search. They might be great debt recovery solicitors, but what we know for a fact is that they are great at building noticeable websites.

Personal Debt Collection Agency

Provide professional services in dealing with personal debt. If you have lent money to family or friends, they will handle it firmly without emotion.

Now if you thought searching for a solicitor was difficult. Searching for a personal debt collection agency on Google is going to return a whopping 260,000,000 results. You need to narrow this down to find a suitable personal debt recovery agent.

[allintitle: personal debt collections agency] search gives you 9 results and allinurl: personal debt collections agency returns a mere 7 results. This might not be enough so here are some additional options

allinurl: debt collections agency
allintitle: debt collections agency

simply copy and paste these search terms in Google without [the brackets]

Lending To Family And Friends

Trying to recover personal debt from family and friends is always going to be stressful. It reminds you of the old saying. The best way to lose a friend is to lend them money.

lending to friends and family in happier times

You need an answer to how do I recover personal debt without upsetting all concerned. Sadly, the answer is not on the optimistic side. Friendships and family ties are going to be stretched to the limit. There is a likely hood that there is not contract. And there is no Judge Rinder or Judge Judy that you can go to.

What appears to be the easiest solution is to write it off and chalk it up to experience. You might lose a friend but its better than being stressed out for years.

Putting the debt into the hands of a professional debt collector takes the emotion out of the situation – for you. The debtor is not going to be best pleased.

What could be positive for everyone. Can you friend or family member use their skills and time to help you? It is then easy to clear the debt without the use of physical cash.

write off can be cheaper than burning cash

Pay me when you can, is a popular option. However, this usually means that the debt will never be repaid.

You might need to consider writing the debt off. Writing off debt can be cheaper than burning cash

You can make it public through a solution like Resolute Collections. This is certainly not going to create a harmonious bond between you and your friend or family member.

Conned or Scammed

They are not called con artists for nothing. They are skilled confidence tricksters and have gained their experience from many investors. There is no shame in owning up to a con scheme. This is an easier decision on how can I recover personal debt.

You want your money back or a pound of flesh. Using a debt collection attorney is going to be a dubious value. Scammers and con men hide their cash and assets. Or should we day your cash and assets. Often, they will take it offshore and you would require and expensive international debt collector.

Frequently Asked Questions

  • Will I get My Money Back?

    Personal debts which are unpaid, are the hardest to recover. It needs your commitment.

  • Should I Employ A Debt Collection Agent?

    Yes. They will be better than you – no matter what you believe your skills to be. They take the emotion out of negotiations. They have heard it all before.

  • How Much Will A Collection Agent Charge?

    This will depend on many variables. Call one and ask.

  • Should I Use A Lawyer?

    A lawyer will say yes. However, a professional debt collector might be quicker. Our suggestion is to discuss over the phone with a debt collection firm near your debtor.


Debt Recovery Strategies

As you can see there are various routes or strategies for personal debt recovery. If it has gotten to a stage where you are not talking, and you do not want to write off. You can review our demand letter suggestions. Should your debtor does not pay you can launch a Resolute Collections Campaign.

No Confusion

Personal debt recovery has zero to do with personal injury claims. Personal debt is when you have lent money or goods to someone with the reasonable expectation of payment. If you have had an accident or sustanied an injury and want reparation, what you need is a personal injury lawyer or attorney.

Find a lawyer or attorney who have made successful claims before. If they say 100% success – be wary.

Personal Debt Recovery Solicitors

If you are unable or unwilling to collect the debt by yourself you need personal debt recovery solicitors. Once they have started the action there will be repercussions. Be sure you can handle this. If you want to take it a stage further there are alternative debt collection solutions.

A solitors 1st letter is only the start of the process. Ask about all the lawyers fees and get them in writing. Remeber they survive on generating fees – not just collecting your money!

Comments

debt recovery solutions

We all have a story about personal debt recovery, and we would love to share any suggestions and ideas on how I can recover personal debt. There are many people who would be grateful for anything that worked for you. Or anything you feel did not work in getting your personal debt recovered.

You might be able to recommend a personal debt recovery solicitor or agent. Or you might have done something unusual to get your money back!

#resolutecollections #debtcollection #debtcollector #debtrecovery #debt #debtcollectors