Debt Collection United Kingdom
Collecting a debt in United Kingdom can seem impossible. Language and cultural barriers, foreign laws and customs, and sheer distance all impose serious challenges.
Debt recovery is simpler when you use a collection agency fluent in the laws and customs of the country where the debtor resides. Cedar Financial offers on-the-ground representatives in United Kingdom who understand the debt collection practices that work to support full recovery of your funds.
Since 1991, Cedar Financial has served as a trustworthy, nationally licensed debt collection agency, helping businesses collect unpaid accounts internationally. With knowledge of collecting debts in a wide range of different industries, our experienced team collects your debts quickly and effectively so you can receive the payments you're owed.
With offices in over 150 countries, including United Kingdom, working with Cedar Financial provides you access to a global network of nationally licensed debt collectors. Our in-depth understanding of local laws, customs and cultures guarantees the best possible debt mediation results.
At Cedar Financial, we put people first, doing everything we can to get your money back while still preserving a good relationship with your customer. Our strategic public relations efforts are fair, but firm-ensuring your reputation is our top priority!
We combine a people-oriented approach with the latest tech-driven solutions to drive results and provide better contact management. This comprehensive method gets the results you need while preserving customer relationships.
In addition, our network of debt collectors, attorneys, suppliers and vendors are cherished relationships that allows us to get the job done. We value each of these relationships, no matter how small or large.
Contact us today and learn what we can do for your business.
We are true cross-border debt recovery professionals and won an industry award in 2013 for the quality of our cross-border knowledge. Acting for foreign clients in the UK adds a level of complexity and we are best placed to manage international clients from a local perspective.
A commission is only payable when recovery is successful.
We have no minimum value or volume that is required to place accounts.
B2C, B2B - all client types and any trade or industry sector. We are truly a full service debt collection agency.
The typical debt collection process lasts about 3 months. This of course does not account for disputes that may arise in the course of the process. After 3 months if the file permits, we will make a recommendation on the next steps, which could include filing suit.
We consistently contact them over the phone to have the matter resolved and we also send out a letter to reiterate that urgency. Should we continue to receive non-payment, we will review the file for additional letters to be sent out. After that, we review for legal action. If legal action is declined, then we will continue to aggressively contact them to get the account resolved.
Average statute of limitation is 6 years.
Yes, but we decide when this is necessary as costs are high. If the client is willing to pay for a visit, this can always be arranged.
Yes, preferably. The client needs to be able to supply documentation at short notice upon request as we have a duty to supply it to the debtor upon request.
Yes, are offer litigation services to all accounts that are deemed to be worthy of filing suit. We will provide an estimated cost and timeline to our clients for their decision.
On B2B transactions compensation interest and reasonable debt collection cost can be added by Law.
On B2C debts, there is no Law. Interest and costs may be added in line with contractual terms but debtors and their representatives will often insist that they are waved or frozen and it is good & common practice to do so.
