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Legal Action or Debt Collection Agency – Which is Best?

If you’re one of the UK’s many business owners, you’ll be aware that a steady cash flow is vital for the health and wealth of your business.  That’s great when clients are paying their bills and the cash is flowing in.  However, there are times when clients are late with their payments, causing a bit of a blip in your business cash flow and causing you the worry that goes along with this.  On a few occasions, you’re likely to meet with a client who does not pay at all – no matter how many “gentle reminders” you issue and, ultimately, no matter how many blatant requests for payment you make.  Deciding what to do next in order to secure payment is likely to be a difficult decision – should you take legal action or should you engage the services of a debt collection agency to recover the monies owed?

Taking legal action is likely to be a long and confusing process, taking up time and attention that would be far better spent on running your business.  Hiring a professional debt recovery agency may seem like throwing good money after bad, especially when you consider that the agency may also fail to secure the payment, putting you more out of pocket than before!

Here at Access Credit Management, we’ve been dealing with commercial debts, both in the UK and overseas) for nearly 20 years, offering our services to commercial customers in a wide range of industries in order to recover money owed to their businesses both at home and abroad. 

This has resulted in us becoming experts at securing payment from debtors and helping so many businesses to resolve their cash flow problems and stay in business.  We’ve spent our time in the debt recovery ecosphere gaining experience, developing our expertise and honing our debt recovery skills so that we have so much confidence in our ability to deliver for our clients, that we offer our services on a contingency basis. 

Yes, that’s right, we offer to collect money owed to businesses on a no-win, no-fee basis.  This means that when you task us with collecting a debt from a non-paying customer, you don’t risk losing even more money than you already have, because if we don’t recover the money, we don’t charge you. 

This may sound too good to be true, but it’s really a case of us having total confidence in our abilities.  We have a team of experienced experts who are familiar with the debt collection processes, both here in the UK and in many other countries around the world.  We’ve been doing this for so long that we’re fully aware of what it takes to collect a debt, wherever the debt originates.  We have experience of the legislation covering debt in many different countries, so we know what the debt collection process is and the legislation that governs debt in any given country. 

Our experience, expertise and confidence will all add up to offer our customers exactly what they are looking for – success!