Choosing The Best Debt Collection Agency in Liverpool

Share this post!

The Best Debt Collection Agency in Liverpool

With a population of over 906,000 people, Liverpool is one of the largest cities in the United Kingdom.

The service industry dominates all employment sectors within Liverpool and equates to around 60% of the jobs there.

These are extremely impressive statistics and it is no wonder why it is such a successful and wealthy city.

Despite the success stories that the city boasts, this has presented a large number of financial problems to occur.

These can include missed credit card payments, lack of income, overspending or insufficient savings.

The most common and prevalent financial issue in Liverpool is the owing of money.

Some of the most common scenarios in relation to the owing of money include:

• A business client refusing to pay invoices or missing payment dates.
• A private individual, such as a friend, owes money and has not paid it back.
• A customer of a self-employed worker has not paid for the works provided.
• An employer has overpaid an employee and they have not been paid back.

In the interest of accounts receivable payments, it is only right that the money owed is returned to the original creditor.

Should you be in this situation, you need to take action to collect debts that are owed to you.

Debt Collection Agency Methods in Liverpool

Conducting debt recovery in Liverpool is just as important as your own personal data and should be dealt with as such.

Like with every decision you may make in life, there are many attributes to look for when needing debt collection services.

For example, in a situation such as debt recovery, success rates and affordability are among the most important aspects to consider.

With this in mind, trying to collect money by yourself is by far the least attractive as this will cost lots of time and resources.

You could use Debt Collection Solicitors, as they are renowned for high recovery rates, however, they are known for being expensive.

Some Solicitors in Liverpool charge as much as £200 per hour for them to undertake the collection process.

Further to this, you will also have to pay for any county court fees on top of this.

Whilst some may be able to afford such a price, this is a price to pay considering the nature of the situation.

The most proactive way to do this is is by using a professional debt collection agency.

Continue reading to find out how best to find a collection agency in Liverpool.

How To Choose A Collection Agency in Liverpool

There is a magnitude of professional debt collectors in the city alone, however, knowing which one to choose can be difficult.

At Debt Collection Liverpool, we are dedicated to providing our clients with the best knowledge required to make this decision.

We hold a list of recommended agencies that are experts in carrying out all aspects of the debt collection processes, such as skip tracing.

Our service is designed to give peace of mind to those who are needing a solution to an already stressful situation.

The Best Commercial Debt Collection Agency

Federal Management is our recommended Commercial Debt Collection Agency in Liverpool.

They are experts in collecting all forms of business debts, with an average recovery rate of 90% on all undisputed debts.

Since 2004, they have collected millions of pounds worth of commercial debts in almost all business sectors.

They are also authorised and regulated by the Financial Conduct Authority (FCA) to recover debts under the Consumer Credit Act.

The No1 Private Debt Collection Agency in Liverpool

Private debts make up a large percentage of the total amount of debts in Liverpool.

Our recommended Private Debt Collection Agency to use is Frontline Collections.

Across its long history, they have provided debt recovery in almost all private sectors.

Most commonly, they collect money owed to Independent Schools, Vets, Dental Practices and Nurseries.

The Ultimate Liverpool International Debt Collection Agency

Whilst most debts that are collected in Liverpool are based in the area, there are some that are based overseas.

These are perceived as the hardest types of debt to recover due to the distance and logistics of doing so.

You may need help collecting a debt from Switzerland, Japan, the Netherlands to name a few.

Frontline Collections and Federal Management also carry out International Debt Collection requirements.

They are experts in the recovery of debts that are based overseas and can cross all barriers that result from these.

If you need an international dept collector, contact our experts today.

Debt Collection Agency Liverpool – Frequently Asked Questions