moorcroft debt recovery

How To Deal With 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.

Table Of Contents

moorcroft debt recovery

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.

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 should 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.

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.

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.

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Debt Collection Agency List

Debt Collection Agency List

If you actually require a debt collection agency list, there is a good chance you will not find it easily. Unless you wish to spend some serious cash. However, we have ways to help you locate the list you require. Or at the very least suggestions on how to obtain a debt collection agency list cheaply.

debt collector agency list

For a very quick and simple solution you can try a gig on Fiverr or any of the other outsourcing companies. They charge $5 + 20% commission for a small sample. However, they have found some great lists for us.

Continue reading, we do have links to cheap or FREE data bases that are regularly updated.

Table Of Contents

Time needed: 1 hour and 30 minutes.

How To Create A Debt Collection Agency List

  1. Why do you need a list?

    Do you need the list to solve a debt collection problem? Are you marketing a solution to debt collection platforms? Are you a debt collection agency seeking to find competitors or partners?

  2. What location are you interested in?

    Are you in the UK, USA or Australia? Do you need a list for an entire contry or a specific location? Are you looking for debt recovery agents near you or near your debtor?

  3. Size of list

    If you are looking to recover a personal debt you might only need 3-6 potential businesses. The same goes if it is business to business commerical debt. Keep you list manageable.
    If, However you are trying to sell to debt collectors, you might require all the details of an entire country – which we show you on this page – for free or cheap.

  4. Google might not be the answer

    The first thought is to use Google. However, that is going to achieve nearly 200 million results. Which is neither good to man nor dog.

  5. Debt collection associations

    There are many. And we have found them useless. They are for the use of members. Avoid.

  6. Final step

    If you are unable to source a list. Drop us an email and we might be able to find one for you – time permitting – as it is free

List Of Collection Agencies

Almost without exception most google results will either show a business touting their wares or an extremely limited list of collection agencies.

Our Google research to obtain a general list was limited. But read on and you might find your solution.  We have invested time and resources so that you do not need to.

Debt Collecting Associations

You might think that asking a national association for their members would be easy. Not so. They treat their lists as money earners, and you can expect to pay handsomely to have access to the list.

Google Operators

Our favourite way to find proper companies is to carefully use google operators. This allows you access to the full and microscopic date mining available through the biggest library of data ever held.

USA Debt Collecting Companies

You can use the North American Classification System. Many companies offer the entire data set. Gumroad offer a list of all business for $299. However, you will need a great data mining person to interrogate the database to obtain a useful list of debt collection agencies.

You will be able to create a comprehensive report or maybe just debt collections agencies near you or any other location. Or you might be looking for lenders who you can pitch your debt collection business to.

data mining for debt collection agencies

NAICSCode 561440 and 561491 – Collection Agencies and repossession agencies.
Or 522292 for real estate lending. This covers construction lending a farm mortgage.

This list only contains debt collection companies that are incorporated. It may also include companies who do not actively collect debt. The information on the lists are incredibly detailed. However, some of the data might be historical.

UK Debt Collection Companies

SIC or Standard Industrial Classification codes could be your way to creating a debt collection list. Company Database offer some free advice on many UK debt collectors. Their list has slightly over 200 entries.

Alternatively there is a FREE data base from Companies House and as long as you know the SIC code you can interrogate their data base and make you won debt collection agency list of you own. Companies can have up to 4 SIC classifications.

The following list are some of the SIC that might be of use to you:

  • 64992: debt purchase
  • 82911: debt collector
  • 64992: discount company (debt factoring)
  • 88990: debt counselling services
  • 66190: credit or finance broking
  • 64921: finance house activities

Similar to the USA you will not reveal any unincorporated debt agencies in these lists.

Business Debt Collection Agency

There is no classification for companies that purport to be a business debt collection agency. You can safely assume that most debt collectors will take on clients for business debt.

Copy and paste either of these into the Google search engine. Instead of having millions of responses it is reduced down to a few thousand.

allinurl: business debt collection agency
allintitle: business debt collection agency

These searches via google operators narrow down you search. However, scraping this information is not entirely legal. We have no information on how to extract a meaningful list of debt collecting agencies from a Google search.

Collection Agency Fees

You will need to employ an army of researchers to obtain a list of debt collection agency fees. Even a data scientist would be at a push to create a list. The other option is to outsource and call the companies up to create you own personal list of collection agency fees. We would love to know why you would want this.

If you visited our site to employ a debt collector. Use the advice above – narrow it down to 6 debt collection companies and call them yourself. Each debt is unique, and you can negotiate collection fees and commissions.  

Debt Collection Agency List

If you research thoroughly you will fin that you can create a personal debt collector agency list cheaply. There is a ton of data put there available. however, you need to know what you are looking for.

Here Are Some Common Questions

Are agency lists freely available?

NO – generally speaking you will have to pay

Are all agencies registered somewhere

NO – you would think that they would be but they are sometimes difficult to find. Sole traders, partnerships etc.

Is there a standard fee structure?

No – It will depend on the credit worthiness of the debtor, what is the value of the debt, how old is the debt.

Is there a review system we can depend on?

No – both creditors and debtors are not really keen to divulge that they are involved in debt recovery. You will have to depend on your research and sometimes your gut instinct.

Comments and Ideas

If you have any stories or suggestions about debt collection agency lists or a business debt collection agency (those are scarce) we would love to share. How can we acquire them etc. – it would be appreciated by all.
We will try and answer as many questions as we can.

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Australian Debt Recoveries

Australian Debt Recoveries

Probably your first port of call on Australian debt recoveries is a search on google. This particular search will net you 1,300,000+ results. Not much use if you are looking for something more specific.

australian debt collector

Reading our article for 10 minutes will save you hours of struggling through volumes of google search pages. You will find our tips truly awesome, for researching any location for a multitude of services. From debt collectors to bakers or great bars.

Consider this our personal guide to help you with Australian debt recoveries.

Tabel Of Contents

Time needed: 5 minutes.

How to find an Australian Debt Collector in 5 Mins

  1. Open Google Maps

    google.com/maps

  2. Enter a location

    In the top lest hand search box enter a location. It could be Australia or Brisbane or Sydney

  3. Enter Service Required

    You might require a business to business collection agent or a personal debt collection agent. You can try a few variations.

  4. Click On Marker

    You will see red markers. Click on one to see the full details of the business you might want to use.

  5. Make The Call

    You need to call them. not email or SMS. You need to know that they can think on their feet.

  6. Sample Search

    Here is a typical example of a search for debt collector in Brisbane.

Debt Collectors Australia

What you probably need is a method in which to find debt collectors in Australia. As with the above, if you simply search google you will be inundated with 3.5 million search results! Plus, a couple of dozen adverts. You can narrow the search by using google operators:

Our 2 favorites are:

  • allinurl: debt collectors australia – this will return a more helpful 305 results
  • allintitle: debt collectors australia – returning a more manageable 510 results

This is the method that international and interstate companies will use to find trading partners. They will then assign your debtor to a third party.

Occasionally Google will flash up a warning saying that they recognize unusual activity on your computer.  They do not like you using their search engine tools – which they built to make things easier. Its as though they want to keep it a secret. Just click in the box and continue.

How to find nationwide debt collectors in Australia. or visi this page if you are intersted in an international debt collection agency. It has information to hep you locate a suitable agnet for you, no matter where in the world.

You can get more detailed information by visiting our pages covering:

On our pages you will find our simple guide to finding a debt collector in Australia – easily.

Googles Not So Secret Search Engine

To make your search even easier you have to give Google maps a try. It is easy to add “near me” or “Australia” at the end of a search. However, this can be miss and hit. The video below shows how to complete an effective search in awesome detail. But the basics are:

  1. Open google maps
  2. Search for Australian debt collection agencies or Australia debt collectors

It all becomes very apparent in 54 seconds. Have a look at our video showing you how to use Goolge maps to locate a great Australian agent.

The instruction for cities is different. Simply visit the links above. If your location city our town is not on our list, simply substitute your city in the search box.

Australian Debt Agency List

The biggest players in Australian debt collection are:

  1. debtrecoveries.com.au
  2. ausdebt.com.au

These 2 Australian debt collectors focus on different aspects of debt collecting. Ausdebt focus on software solutions for business. Whereas debtrecoveries focus on; you guessed it. Debt recoveries from consumers and businesses.

On the face of it you would appear not to have many options to recover your debts. If you are collecting single international debts, small business debts or personal debts then option 2 is not for you.

On the other hand, if you choose option #1, the absolute minimum commission you are going to part with is 11%. There is no doubt that for skip tracing they would be your first choice. They have data on debtors that probably no other Australian debt agency owns. If you know otherwise, leave a comment.

They offer some free templates that are useful, when trading in Australia.

  1. tax invoice
  2. letter of demand
  3. credit application and terms

General Debt Advice

Australian Debt Agency List

Make sure your customer or debtor is able to pay you. Never throw good money after bad. If it is something different you want to achieve; Resolute Collections has various services, we can offer at a fixed investment.

Some Commonly Asked Questions

Will I Be Successful?

Depends. 2 cornerstone pillars – make sure debtor has money and be quick. Early bird catches the worm (snake).

What If The Debtor Has No Money?

Debtors rarely have money when you ask them! Get a professional debt collector or use one of our solutions.

Will I Get All My Money Back

Negotiation or litigation. The former can be quick whilst the latter can get all your money back eventually. Lawyers and debt collectors are great negotiators.

Commercial Collection Agency

If you are looking for a debt collector or commerical collection agency, we have a page on that subject. Many agencies specialise and understand the law when dealing with companies. You will discover many debt recovery providers in niches, to make recovering your debt as stress free and as succcesful as possible.

Your Comments and Stories

We love to share your successes or otherwise regarding Australian debt recoveries and debt collectors. 5 minutes of your time could save a business or someone’s life savings. Or email us and we try and find a solution for you.

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.

Time needed: 10 minutes.

How To Collect Small Business Debt

  1. Move Quickly

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

  2. 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

  3. Move Quicker

    Start court proceedings within a maximum of 60 days overdue.

  4. 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

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 The 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.

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.

debt collection agency near me

Debt Collection Agency 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.

Click here for the the video. WE will show you in 54 seconds how to go from 300,000,000 vague results to 20 concentrated options

Jim Campbell

How To Find A Debt Collection Agency Near Me – in 1 Minute

  1. Open Google Maps

    Copy and paste google.com/maps. It should open in your location. If not, type the town or city in the top left search box

  2. What Service Do You Require?

    In the same box as the location. Now overtype with debt collection or debt agency or debt lawyer. Anything your heart desires.

  3. Choose A Business

    Click on any of the red markers to be presneted with a full description and website of the debt collector near you

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 Agency

We mentioned earlier that you might want to consider an debt collector 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.

It is a similar 3 step process:

  1. Open google maps
  2. In top left hand search box enter the location of you debtor: London, New York, Brisbane, Outer Mongolia etc.
  3. In the same search box, you then type debt collector, lawyer, or private detective, etc.

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.

Comments and Ideas

If you have suggestions of how you could easier find a debt collection company near me, we would love to share it. Especially for debt you collected in remote areas. We all love a good story.

personal debt recovery

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?

How To Recover Personal Debt

  1. Prevention

    It is better to prevent a bill being unpaid to chasing it. Remind the debtor a week od so befire it is due. Text, email or a call.

  2. Demand Letter

    Send a reminder or demand letter. Send by email and snail mail

  3. 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.

  4. Never

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

  5. 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:

debt recovery solutions steps to success

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 192,000,000 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 debt which unpaid, is 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.

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!

debt collection attorney

Debt Collection Attorney

Debt Collection Attorney

If you have used a google search to find a debt collection attorney and found our website, it is quite remarkable. These identical words appear in 1,280 URL’s, in the title of 3,490 website and in the content of 132,000,000 webpages.

At the bottom of the page you will find FAQ and HowTo section

Jim Campbell

Which means that we definitely stand out from the crowd. The question is why do we stand out from the crowd?

Many of the marketing people from legal firms and debt collection agencies insert debt collection attorney search terms into their website. So that you will find them, just like you found us (more about us later). Most or many of them do not specialise in debt collection but realise there is money to be made. They have clever marketing people.

debt collection attorney

On google and this website you will find attorneys who are out there looking for your custom. They will tempt you with no win no fee offers.

Resolute collections will give you information to decide if you need an attorney or not. You might even be able to collect debts owed to you, using your own knowledge and determination. At the very least you have something invested in this debt.

You might simply need a debt collector who is near you. Or near your debtor. They might be in the USA, United kingdom or Australia.

Why Do You Need An Attorney?

This seems like an obvious question. “I need a debt collection attorney because I need a debt collected”. The assumption is that you are unable to collect the debt by yourself. The first thing an attorney is going to do is ask for his fee upfront.

You will be asked full details of the debt and all communication you have had with the debtor. 

Now you are out of pocket a few hundred dollars and your valuable time yet nothing has happened.

The attorney will send out a demand letter, which you could and may have sent by yourself. However, an attorney’s letter will look more “legal”. But make no doubt this, it is a template and has been used 100’s of times before.

Specialized Debt Collection Attorney

Is the attorney specialised in this field or did they have a nice advert and website? If you are searching the web there are a few guidelines that might help you.

debt collection attorney

If you search using this phrase allintitle:Debt Collection Attorney (no full stop). It will reduce the number of options from 130,000,000 (yes one hundred and thirty million) to a manageable 4,000. Or make a standard google search with “near me” or “your city” added to the end of whatever term you have used. You can also use allinurl:debt collection attorney as a search term. Simply copy and paste either of these search terms highlighted in yellow into Google or Bing.

Is A Collection Attorney Essential

You can find almost any type of users’ guides on the internet. What cannot be found is the experience a debt collection attorney will provide you in court. If you are going to end up in court – get an attorney. Do you want a different approach? Then Resolute Collections could be your answer.

When you go to court, you are going to have to depend on the letter of the law and fact. There will be no escaping this and an attorney is the best way forward. Sometimes it is the best paid attorneys who get a successful verdict – sometimes.

Cost Of A Collection Attorney

Even the best priced collection attorney is going to set you back $125 per hour. For an experienced debt collection attorney, expect to pay $350 per hour or more. You will then have to estimate how long a defended case will take in working hours. We suggest you plan for a worst-case scenario.

If a case is undefended it might be because the debtor has no assets or dies not care. Needless to say, that neither of these is good for you.

Some debt collection agencies will offer a no win no fee. You might pay up to 40% or more in commission. Proper legal eagles will not offer this sort of deal. A proper attorney will value their time and experience. Consider your options.

If you are at all confident that your debtor has assets and will pay, opt for a set fee. On the other hand, if you are not confident find an no win no fee debt collection attorney. Resolute Collections are obviously a solution for a fixed fee.

Debt Settlement Negotiation

debt collection attorney

If you intend to settle your debt claim through negotiation, then we highly recommend that you engage a debt collection attorney. You are probably the worst person to negotiate a settlement if it is not a skill you use regularly. They have talents and skills which we mere mortals do not have.

Using an attorney will take all the emotion out of any negotiation. Remember to set your fee for their time. You might want to consider a set fee with performance commission.

Time needed: 15 minutes.

How To Find A Great Debt Collection Attorney

  1. Here or There

    Do you need a lawyer near you or near your debtor. We suggest your debtor.

  2. Google – Not Regular Search

    What you do is open google maps. Generally it will open in your location. Change this to the location of your debtor. It could be a different city, state or country.

  3. Service You Require

    In the top left hand search box, where you eneterd the location. Now ebter the serive you require; debt collection attorney, debt lawyer or debt collecter

  4. Red Flag

    You are now presented with red markers for firms who can offer the service you require. Click on these markers to be presented with website and reviews of the firm.

  5. Narrow Your Choice

    Pick 3 that you like. Call them. NOT email or text. Call them and have a quick conversation

  6. Final Choice

    Make your choice and engage them. GOOD LUCK

What Are The Fees

Generally not purchased. This is really up to you to find out. In our HowTo we suggest you call 3 and decide which is the best option

Should I Go For No Win No Fee

As with the above it is a decision on what will make the best deal for you. If there is a very good chance of winning – fixed fee. If you are unsure – No Win No Fee. Ensuring the commission is not too high.

How Do I Check On Attorney

This will depend on the value of the debt. If it is ultra important – some basic google searches including the words scam and reviews in the search. Bearing in mind that some reviews use review management software. This means that bad reviews are never published.

Can I Do It Myself

Yes. However, do you have the time?

Debt Collection Attorney Comments

We love to share your stories and tips. Keep your suggestions and reviews legal. If you have any experiences about a debt collection attorney, we would love to share them.

debt recovery solutions

Easy Debt Recovery Solutions

Easy Debt Recovery Solutions

The absolute 1st action you must undertake before you look for any debt recovery solutions, is to find out if the debtor can pay. Even the best debt collector in the world cannot get blood out of a stone.

You can draft awesome debt letters and final demands, but if the other person has no cash nor assets, you have just wasted your valuable time. Nothing is ever what it seems. Your debtor might have nothing or has concealed something away for a rainy day.

debt recovery solutions

Your first action the is to get some investigation into their liquidity. There are firms who specialise in researching debtors. Search for companies who are financial investigation specialists. This is step 1 in researching debt recovery solutions. Having your file ready for the investigators will prove useful to all concerned.

After completing this 1st essential stage, you can then decide how your going to get your money back.

Debt Recovery Solutions Step 2

You believe that the debtor either has the ability to pay, zero assets or a reputation to maintain. What are the options available to get your money back or satisfaction?

  1. Do nothing. Do absolutely nothing and write the debt of to experience. If you have truly little capital or reputation invested – walk away. This is advice you will not hear from a debt collection attorney, agency, or a lawyer. You must not throw good cash after bad unless you have an ulterior motive.
  2. You can issue a reminder and demand letter. Referring back to your contract/agreement and demand payment. Keep in mind that you need to be wary of what you state is your next action, as you HAVE to take it. You must follow up on your promises to the debtor.
  3. Court action against the debtor. You must only do this if the debtor has cash reserves or a reputation to uphold.
    You would be surprised at how a court order could damage a business’s financial records and ability to borrow. Some businesses can lose licenses to trace because of court orders.
    Some businesses may work in industries that absolutely frown upon treating customers unfairly. Expect an expensive defence or a quick settlement.
  4. Outsourcing your debt collections is one of the easiest debt recovery solutions available. There are numerous businesses out there touting their debt collecting record. Complete extensive due diligence if your debt is substantial.
  5. Using Resolute Collections. We offer nontraditional methods of debt recovery that can be anonymous if need be. Intense | different | determined
  6. Repossession of an asset. You should ensure that it has value, can be sold quickly, and is easily repossessed. The assest must be worth more than the cost of repossession. 
  7. Never, ever threaten violence or employ anyone who would. It will come back and bite you. This is what organised crime does, not a creditor trying to get satisfaction.

Roadmap To Success

The only procedure to ensure that you are successful is to have a debt collection strategy and road map. One aspect of this roadmap that many creditors fail to follow is walk the talk. If you have stated that you will complete an action; you must do it. You absolutely must follow through on your promises.

A major element you must have, is a net figure expectation. Debt collection is often a negotiation. Have in you mind your fall back position. This win/win scenario might make it easier to collect your debt.

Have a deadline for 1 stage to the next. From plan A to plan B. It is called a deadline because it is ultimately an enormously significant part of the process. Cross this line and it will be detrimental to you. Deadlines are deadly serious.


Stages To Debt Recovery Solutions

debt recovery solutions steps to success

You should never go in with all guns blazing. Always have something up your sleeve that will persuade the debtor to pay. Take 1 step at a time. If the debtor does not respond to this stage go to the next stage in your plan.
You do not jump from stage 1 to stage 4 in one leap, no matter how tempted you are. Nor inform the target of your collection activity what is 2 or 3 stages away. Let them know if they fail this one then we will take it to the next stage.

How To Get Paid

debt recovery solutions cryptocurrency

It might sound a bit unusual to discuss how you will be paid. There are several options; there is one foolproof way of not being stiffed. Middlemen can take slices of your money. Debt collectors and repossession agents (as we know from personal experience) steal the cash or item they recovered.
You might want to consider cryptocurrency for your debt payment. It is easy for the debtor to obtain. Your payment cannot be bounced or stolen. You do have to consider the fluctuations in cryptocurrencies. If you were collecting an international debt there will be no currency exchange rate considerations.  This means you will have no difficulties moving currency from one jurisdiction to another.

What If Nothing Works

debt recovery solutions resolute collections

You have used all the debt recovery solutions available and the debtor will not pay you. Most people will give up. Using a Resolute Collections website will leave a lasting impression on your debtor. This might not get your money back, but at least you can have some sort of closure.
Your website can be made anonymous or can have your footprint on it – so that your debtor will understand who it was.

Seriously Difficult Debt Collection

If you have had an injury at work, in someone home or in a car accident. You are going to need a personal injury lawyer. This is not a DIY. Find the best attorney you can. It night cost you up to 40% of your claim; however it is worth.

Make your decision carfeully – you cannot change lawyers midsteam!

Debt Recovery Solutions Comments

If you have any comments or advice on debt collections, we are keen to share them. You might be able to help someone with your story.

commercial debt collection

Commercial Debt Collection

Commercial Debt Collection

Nearly every lawyer in the land is into Commercial Debt Collection, which says something about how easy or profitable debt collection is. You might be able to deal with yourself. It is not as difficult as it might seem. From a simple debt collection letter to a full blast campaign of debt recovery.

Data Protection And Commercial Debt Collection

Resolute collections asks the question. Is it right for one company to hide behind laws that are meant to give private individuals protection from large organisations? We are not suggesting that you immediately go out and make a banner. You can be more inventive than that.

What we are moving towards is an enlightened view of the restrictions imposed on you by bureaucrats. Who are paid with tax money and do not need to worry about their invoices being paid. 

No Win No Fee

When you see this, you should be thinking – no effort. You should be thinking cherry picking and large success fees. The success case pays for the unsuccessful Commercial Debt Collection failures. Like everything in life, you get what you pay for.

You are unable to put pressure on a debt collector to collect debt when you have not paid them. They will return it to you and now it is 2nd hand, which is not good.  

What we would like to see is a guarantee. No win and we will give you a percentage of your debt as a thank you! That would stop some of these debt collection agents trawling for business.

Can you imagine any other business that said to you, if we fail, we will not charge you? We will build you a bridge, but if it falls down, we will not charge you – ludicrous or what.

We are not free. You value your time and we value ours.

Commercial Debt Collection Laws

We strongly recommend that you should not break any laws when collecting commercial debt.  What we do suggest to you, is that you look at how the law helps and does not hinder you.

commercial debt collection

Compliance officers in most companies involved in commercial debt collection are there to say NO. Maybe we are being harsh on them, but they are more interested in their company’s reputation than your money.

Resolute collections works without borders and uses the law to your advantage. The return of your money is really our priority. Although we have charged you upfront, we need to earn the commission on collecting what is owed to you.

And not to forget, most commercial loans and trade debt is unregulated in some form or other.

International and Interstate

If you need commercial debt collection and your debtor is not in your jurisdiction. Your debt collector is going to have to increase their fees or commission. The debtor is not going to owe you anything extra.

The decision here for you is to invest more cash and energy or write off the debt. Alternatively, you could sell the debt or use one of Resolute Collections services. We do not buy debt, but you might find someone willing to take it off your hands and off your balance sheet.

Make sure you sell it to someone reputable. Becuase it is still your reputation at stake. You can sell the income stream but not the obligations. That is free legal advice often omitted by buyers of debt.

You And Your Team

Most people do not actually enjoy debt collection. It does not take much to NOT pay, but getting it back takes skill, determination, and attitude. Do not put anyone in charge of your commercial debt collection who does not want to do it. They will lose you money whilst they should be doing something, they are good at.

After 30 days overdue have a professional deal with it. That cold be someone in your company or an outside debt collection agent. So once your customer has got used to stop paying, they get used to it becuase it becomes a habit. A good debt collector will allow you to keep the customer in the long term.

Never use your sales team to collect seriously overdue accounts – they do not have the skills. They sell, they do not collect.

Debt On The Balance Sheet

You can argue this with your accountant. A debt on the balance sheet is not an asset. It is a cash hungry expense. Sitting looking at it month in and month out will not turn it into an asset. You need a commercial debt collection plan.

If the debt is more than 60 days overdue you need to be doing something proactive. At 120 days overdue you can say goodbye to your money and write it off.

Alternatively, you can opt for one of our debt recovery services. At the very least you can take satisfaction on seeing something being done. It is visible to all.

Commercial Debt Recovery

If your commercial debt recovery has not had the result that you desire. Resolute Collections offers a different approach. We understand that this is not for everyone, however, you get the opportunity to vent your frustration.

Your Comments On Commercial Debt Collection

If you have any advice or opinion, others would like to see it. This is the only website that we know of that allows this. Please start your comments with commercial debt collection.

Debt Collection Services

Debt Collection Services

Debt Collection Services

There are a huge number of debt collection services that you can use. We would love you to choose resolute collections as your preferred supplier. Our solutions are maybe not what you need.

You have a few options to choose on depending on:

Debt Collection Services
  1. What type of debt do you are owed?
    • Consumer to consumer
    • Business to business
    • Business to consumer and vice versa
  2. Is the debt regulated
  3. What jurisdiction are all the parties
  4. What is the value of the debt?
  5. How much have you invested in the debt? You might have sold something with negligible value and have little invested. Or you may have lent money – which on the face of it is 100%
  6. You may have purchased the debt and are actively looking for debt collection services

Outsourcing Debt Collection Services

On the face of it, this is often the best method for most lenders.

  1. At what stage to you outsource?
    • When you intially invoice you client – this is basically factoring
    • When your credit control team cannot handle the client or volumes
    • At write off stage
    •  Or at a given date and hand over the entire debt collection services to a third party
  2. Why outsource?
    • Potentially less hassle. You need only meet the debt collections provider weekly or monthly. Or at certain levels of performance. Performance that is both good and bad.
    • No fixed costs for staff, software of premises
    • Scalability.
    • Your choice of debt collection services provider will be far more experienced than you are – generally speaking.

What Debt Collection Service Do You Need?

You should give a thought to the type of debt collection service you require. Its really not acceptable to say I want you to collect the whole shebang.

Debt Collection Services
  1. Letter dunning cycles
  2. Telephone calls
  3. Face to face visits
  4. Skip tracing
  5. International or interstate collections

The debt collection provider will want to understand:

  • Your credit and risk criteria. They will want to know what steps did you take to offer credit to the debtor and how it was monitored?
  • What type of credit is it? Regulated, asset backed, mortgage etc.
  • What are your reporting requirements?
  • Your recovery expectations?
  • What are your reputational standards?
  • Performance timetables: i.e., if they have collected less than expected by a given timetable the debt will be taken back.
  • The process to return uncollectable debts.
  • Do you require daily, weekly, or monthly payments?
  • Is it a single assignment or ongoing?
  • Your current default rates?

Any creditor (you) might find themselves being rejected by a debt collection company if they fail to meet their criteria. The debt collection provider needs to make a profit.

How Much Will It Cost You?

This is a perennial question on outsourcing debt collection. We will repeat the question 2 ways

  • How much will it cost you if you continue what you do now?
  • How much will you net if you outsource to a debt collection services provider?

If you are unable to calculate these figures yourself, you can be assured of one thing. Your potential debt collector will calculate the financials for you. Most of the collection companies will have sophisticated software to analyze the numbers and behavioral demographics of your debtors.

Business Continuity

You have to ensure that the debt collection company is making enough profit to continue operating. If it is at all possible have them mirror their software and download you copies each night. If your chosen provider goes bust or has a difficulty forced upon them, you at least have the data.

A provider of debt collection services has to prove to you that they have business continuity. Losing your data is not a good thing for you, it is unbelievably bad.

Single Debts or International Debts

If you have a few debts or $5,000 to $100,000 or they are interstate/national, you might want to consider Resolute Collections.

Debt or Credit Confusion

This is more critical in the USA, as a company trading as Credit Collection Services is actually a debt collection agent. We have no idea why they would want to create this confusion. However we all realise that one persons credit is the counterparts debt.

One last Consideration

Move quickly. The first and second rule of debt collection is to be first in the line. Providers of debt collection services (including us) is to act as timely as possible.

Do you have any comments or recomendations for debt collection services

Please use the area below with any any hints or suggestions. Your input is appreciated.