Six Golden Rules for debt collection

Engaging with a professional debt collection agency makes sense for many businesses struggling to recover a B2B debt. Cobra Financial Solutions assist businesses across the United Kingdom in collecting outstanding monies on their accounts. Using our knowledge of debt collection techniques and compliance issues, Cobra Financial Solutions assist clients by saving time, money and resources and yielding better results than clients would otherwise achieve if they were to try and collect their own debts.

With many years of experience in the debt collection industry, Cobra Financial Solutions have put together six reasons why it makes sense for a business to hire a debt collection agency:

Cash Flow: As businesses will know firsthand, expenses won’t wait for money to come into the business. With this in mind, the only option is to attempt to ensure sustained cash flow at all times. So, if some accounts are stalling on paying, getting professional assistance through a successful debt collection agency such as Cobra Financial Solutions in the early stages will prove beneficial. This is because, as the payments get delayed, the reality of getting your money back is significantly reduced.

Agency effect: When you engage with a professional debt collection agency such as Cobra Financial Solutions you give your clients the impression that you have all of the resources in place to pursue outstanding accounts. This sends a strong message to your accounts and will significantly increase your chance of getting the money back you are due.

Cost: Despite what some may believe, engaging a debt collection agency such as Cobra Financial Solutions won’t cost your business anything extra. This is because, until we collect, you don’t owe us anything. And the best part is, while we focus on recovering your outstanding debts, you can focus on doing what matters the most- running your core business.

Protecting your business name: As debt collection specialists, Cobra Financial Solutions concentrate on dealing with your debtors and in the process, we shield your business from particular issues. This provides peace of mind that we have your best interests at the core of all that we do.

Team of debt collection agents: As an agency with a wealth of experience and fantastic results for our clients, Cobra Financial Solutions maintain an excellent network of experts meaning we can draw upon specialists on an individual basis to ensure the best possible outcome for your business.

Reducing stress: By asking your employees to pursue outstanding accounts and chase down debts can only, and in the majority of cases will, create stress for them as they are not used to having to persist in financial matters. More often than not, with no formal training regarding debt collection or a heavy workload, colleagues are likely to fail in the recovery of business to business debts. Professional debt collection agencies such as Cobra Financial Solutions are better placed to recover the monies owed to you.

So, if you are a business struggling to recover outstanding debts, get in touch with our debt recovery specialists today on 0151 526 4222 and be rest assured we’ll work on your behalf to retrieve the money owed to you.