Debt Collection Glasgow
The world of commerce looks very different right now and unpaid invoices and debt seem to be everywhere. Individuals and businesses are turning to Debt Collection Agencies in Glasgow to try and get paid what they are owed quickly.
Instead of using sheriff courts and solicitors which is expensive and prolonged, individuals and businesses are choosing alternative methods.
Financial Conduct Authority
Specialist debt collection agencies run under the guidance of the Financial Conduct Authority (FCA) and have become a feasible choice for companies looking to avoid expensive and lengthy processes of solicitor fees.
Due to the extensive information that can be found on the internet these days, the myths and image that once surrounded the debt collection industry is no longer.
Results Driven, success focused
Often Debt collection agencies have a much better success rate than legal methods as many debt collection agencies will work on a ‘No Collection – No Costs’ basis, so they embody a much more efficient way to recover owed monies.
Once the debt has been paid, a commission fee of usually around 15-25% will be deducted from collected monies. This percentage could be more based on factors such as value and age of the debt.
Scottish Capital of Economy
Glasgow is not only the largest city in Scotland, it is fourth largest in the United Kingdom, Glasgow also boasts the biggest economy of all Scottish towns and cities. Economic Strategy is building on this success and aiming to make Glasgow the most productive major city economy in the UK by 2023.
Due to this economic growth, there are a number of professional and licensed debt collection agencies in Glasgow and they have achieved this popularity by getting their work done quickly, professionally and by conducting themselves in a customer/debtor friendly way.
Professional tailored solutions
Harassment of a consumer is against debt collection guidelines and is also ineffective. Debt collectors will always act in a professional manner and reach out to debtors through email, phone or letter and are trained to listen, find a solution and/or determine if the debtor has the capital to pay the remaining debt.
Make sure when you are choosing a debt collection agency in Scotland, they are appropriately licensed. Working with unlicensed or rogue debt collectors can have detrimental effects on your business and reputation. Always make sure the agency is licensed by the Financial Conduct Authority (FCA) and is a member of the Credit Services Association (CSA). It is acceptable to ask for a copy of the agencies licence.
Take note and act
If you or your business is experiencing issues with non-paying customers, there are a number of benefits and reasons you should a hire debt collection agency. They are quick, efficient and increasingly the most practical option for companies across the United Kingdom.
A Professional Debt Collection Agent will always provide a pre-instruction assessment to measure the realistic prospects of a recovery and advise you of the basis for their findings.
Frontline Collections – Scotland Office, Second Floor, Suite 2/3, 48 W George St, Glasgow G2 1BP Tel: 0333 043 4431 Website: www.frontline-collections.com
Federal Management – Scotland Office, Albany Chambers, Albany Street, Oban, Scotland PA34 4AL Tel: 0333 043 4420 Website: www.federalmanagement.co.uk