DEBT PORTFOLIO MANAGEMENT IN UK

Obviously, it is not always possible to comprehensively analyze and define your partner as an unreliable one. This is common practice when the counterparty avoids the contract repayment or refuses to make a payment at all. Debt collection is an integral part of the financial policy of any company. By attracting debt financing, the company is able to increase capital and liquidity to carry out its projects. Firms have to manage the occurred debt either on their own or hire a professional team of debt collectors.

An important point is that debtors in the UK are more likely to pay when a debt collection agency is involved. Effective and real collection is the main goal for debt collection agencies. Having them to assist with the recovery of unpaid invoices will help to concentrate on more important business issues, so clients don't have to waste precious time on this task. In addition, debt managed by a competent team helps to achieve business goals without losing financial strength and running out the cash flow. Such assistance is provided by agencies using a debt portfolio, which represents a list of debt obligations from third parties to the debt collection agency's client.

There are numerous strong points in hiring a professional team of debt collectors for your business. The main advantage - experience and knowledge in their field. They take to debt collection like a duck to water, as it is their main task and goal. Secondly, it is the fastest method of recovering debts, since legal proceedings are often time-consuming. Also, hiring a debt collection agency is typically cheaper than hiring a legal adviser or going to court, since some agencies offer a "no collection no fee" service.

Having decided to cooperate with the debt collection agency, you should do research to choose the appropriate one, suitable for your requirements. But make no mistake while choosing an agency to work with: there are some disadvantages worth mentioning.

While protecting your interests, unskilled agency workers can use the heavy-handed approach and pure communication methods that will negatively affect your reputation and bring no results. Moreover, mercantile debt collection in the UK acts under specific regulations and laws. There are various legal restrictions while chasing debts, and sometimes debt collection agencies hire workers without a legal education. On the basis of the information above it is understandable that using a debt collection agency can be costly, as not every agency works on the principle of "no win no fee".

Fortunately, for anyone who is looking for debt collection assistance, CIS, which specializes in commercial debt collection in the UK, avoids the disadvantages described above. Our team consists only of high-quality lawyers knowledgeable about all the details both in the UK and other countries' legislation in case of international disputes. They are required to take courses in public speaking, negotiation, and many others to improve communication skills in particular and the quality of their work in general. You can easily leave the debt management to us and be sure that your reputation is in the right hands.

In addition, we really do offer a "no collection no fee" service. This means that any fees we earn depend on whether we have successfully collected instructed debt.

Our agency has an opportunity to resolve disputes worldwide, including such countries as England, Scotland, Wales, and Northern Ireland, returning well-deserved funds to our clients. A high level of negotiation and law skills, constant learning and training, fair pay gives CIS an opportunity to stay at the forefront of the debt collection market.