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Debt Collection Services
Northern Office
t: 0151 526 4222
Southern Office
t: 0203 011 5210

Hiring a Commercial Debt Collection Agency VS going to Small Claims Court

Whether you run a small business or a large international corporation, when your clients fail to pay you for the products or services you provided to them, it can kill your profits and cash flow. This unsettles normal business operations and can be very disruptive. The old saying, ‘time is money’ is most definitely true when it comes to commercial debt collection, particularly in today’s day and age. A business can significantly benefit from taking advantage of a professional debt collection agency such as Cobra Financial Solutions to handle their overdue B2B accounts so don’t delay, get in touch today and discover how we can help.

Commercial Debt Collection Agency Summary

Hiring a commercial collection agency such as Cobra Financial Solutions is the most popular method of dealing with business clients that are over 90-days past due paying your invoice. With a wealth of experience in the debt collection industry, our team of dedicated collection agents eliminate the trouble associated with debt collection and increase the probability that you’ll receive payment for your past due receivables. Highly trained and utilizing a range of professional, persistent and persuasive tactics, Cobra Financial Solutions are here to help get back what is rightfully yours.

Small Claims Court Summary

Using a small claims court is another way in which businesses can collect their past due receivables. Here, you will have to go to your local small claims court to fill out the required paperwork. The defendant will be informed and a hearing date established. It is important to bear in mind that the liability of proof is on you — not the defendant. Therefore, you’ll need to appear at the court with documents proving that the debt owed to you is authentic. This method is far more stressful and requires a lot more input from you when compared to engaging the services of a commercial debt collection agency such as Cobra Financial Solutions.

Why it is Better to Hire a Commercial Debt Collection Agency than go to Small Claims Court

Defaulters may not respond to your collection pleas, but put a professional debt collector on the job and debts often get paid. This is because professional debt collectors such as the team here at Cobra Financial Solutions are armed with techniques for recovering unpaid debts. It is for this reason that they greatly increase your chances of getting paid the money that is owed to you.

As a commercial business owner, your key focus is managing your business, but a collection agency’s key focus is to recover your unpaid commercial debts. So leave the hard work to us. We are aware of the best methods to lawfully compel debtors to pay and therefore you have much higher chances of recovering your money when you engage with a professional debt collection agency like us. On the other hand, if you go to small claims court, there is no guarantee that you will win the case or that the defendant will pay their debt to you even if you do win.

Conclusion

Whatever you choose to do, keep in mind that statistics show that the longer you allow a receivable to remain unpaid, the less likely it will be paid. Therefore, if you have an invoice that remains unpaid for over 90 days, it’s time to hire a professional commercial debt collection agency such as Cobra Financial Solutions so we can collect the money owed to you.

Northern Office
Bleasdale Business Centre
1 Molyneux Way
Aintree, Merseyside
L10 2JA
Tel: 0151 526 4222
Official Partner
Southern Office
22 Wenlock Road
London
N1 7GU

Tel: 0203 011 5210