Free Debt Collection aka Free Debt Recovery:
This is a Business-to-Business service across industry. Free-of-charge to the creditor, debt collection is offered on the basis of “The Late Payment of Commercial Debts (Interest) Act 1998" allowing debt collection companies to charge the debtor for breaching payment terms. If your Business has unpaid debtor invoices, get them collected without cost to you with free debt collection enabling you to manage your unpaid invoices and late payments FREE of cost, FREE of overdraft and FREE of stress.
History of Free Debt Collection
Historically, businesses have used their creditors’ goodwill and generosity of credit line to expand their cashflow by increasing their credit with their suppliers. The Late Payment of Commercial Debts (Interest) Act 1998 started to bring this practice to an end. All invoices unpaid within the agreed credit terms or within an assumed 30-day period will be liable for compensation under this Act. This allows for immediate surcharge of £ 40, £ 70 or £ 100 plus interest for each invoice not paid within the agreed term. The Late Payment of Commercial Debts Regulations 2013 allows fair debt collection costs to be assigned and collected from the offending debtor. This means that all your costs can be recovered and recouped from your debt and, if you have the will and can withstand the negativity, this process can be done by your Credit Control department or, alternatively, by companies like ourselves who use these charges to cover their costs in collecting such invoices as remain unpaid beyond the agreed term.
How does collecting your debt for free work?
If your Business has unpaid invoices addressed to a business debtor, get them collected with free debt collection enabling unpaid invoices collected FREE of cost, FREE of overdraft and FREE of stress. Simply upload your debtors ledger and we will take care of the rest!
How to qualify your debt for free collection
Got a Business to Business debt which is less than 90 days old?! UK-DEBT COLLECTION offers a free debt recovery service enabling you to manage your unpaid invoices and late payments FREE of cost, FREE of overdraft and FREE of stress! Outsource your debtors ledger now for a hassle-free, free-of-cost of collection service. Simply upload your debtors ledger and we will take care of the rest!
Free Debt Collection incurs no Creditor Costs
There are No Creditor Costs to recover your unpaid invoices and late payments. All costs are recovered from the other side on a No Win No Fee basis!
Full Free Debt Collection
Our Free Debt Collection Service aims to execute a Full Free Debt Recovery for all late payments and unpaid debts owed to you within a short amount of time!
Hassle Free - Cost Free!
Our No Win No Fee, Free Debt Collection Service could not be simpler - Simply upload your debtors ledger in either Excel or css format and we will take care of the rest - entirely Hassle Free & Cost Free!