Your buyer doesn’t pay? You didn’t take out credit insurance? It’s bad news but not necessarily the end of the road.

There are two possibilities for you to follow:

  • Debt Collection

This is where you chase the debt yourself. You can use the free template letters suggested by First Report - but you may still need legal support (LawBite can help you here) to ensure that you follow all legal channels open to you.

  • Debt Recovery

This is where you use the services of a third party to pursue the debt. Should you need to use the Debt Recovery services of a third-party debt collection agency, one of the main factors in choosing the agency you should use will be determined by the location of the debtor - the UK or abroad.

  • UK Debt Recovery

For UK Debt Recovery the best solution for you will depend upon a number of factors - therefore we would suggest that you request your no-obligation quotation from Debt Collection Agencies. Their service will allow you to compare commercial debt collection agencies - based on your circumstances. Once you have completed the online questionnaire, they will give you a quick courtesy call to let you know who will be quoting and to ensure that you are happy to proceed. You will then be contacted directly by the Debt Collection Agency concerned.

  • Overseas Debt Recovery

If you are owed money by overseas companies, there are a number of companies specialising in debt recovery, for example, see:

Atradius Collections Ltd.

One of the world’s leading commercial debt collection firms is rooted in our commitment to understand and work alongside our customers and to tailor our services to meet their needs.

International Credit Exchange (ICE)

Our approach is to have an office in each country which delivers the local expertise necessary to collect even the most difficult accounts. Moreover, because we specialise in both consumer and commercial collections we ensure all of our offices deliver to the highest standards in whatever sector you may operate.

TCM Group

International debt collection and recovery services on a ‘No Win, No Fee’ basis.