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5 Myths About B2B Debt Collection

As a professional team of debt collectors, we have heard every myth in the book about B2B debt recovery.

Although we try to dispel as many of these myths as possible, there are some that are easier to dismiss than others. Indeed, here are some of the most prominent myths we hear most and why they’re deceiving, misinformed or just plain wrong.

1. Debt Collectors Will Offend My Clients

The biggest misconception we hear most about B2B debt collection is that debt collectors are rude and aggressive. Now, there’s no denying that some agencies may employ thugs or bad apples, but the majority of agencies – Cobra included – hire trained professionals who are also expert negotiators and mediators.

And, furthermore, because we are not as invested in your situation as you are, we are even less likely to react in anger or frustration.

2. Debt Recovery Should be a Last Resort

Now, we’re not suggesting you send us around to every client who is two hours late paying you. However, don’t let problems escalate unnecessarily. Simply put, the longer you wait, the less likely you are to recover your money.

We can also help not only with debt recovery, but also everything from forensic accounting to surveillance; so, there are so many steps we can take before we even get down to the business of recovering your money.

3. I should Just Go to Court Instead of Bothering with Debt Collectors

Going to court should always be your very last resort. It’s expensive, time-consuming, unnecessary and there’s not even a guarantee of success.

Honestly, why bother paying solicitors’ fees and trudging through mountains and mountains of paperwork, when instead you can instruct Cobra and, rather than wait for up to two years, we can get to work within 48 hours?

4. Debt Collection is Expensive

Specialist debt collection isn’t free, but it’s also not expensive and, in fact, it can even end up saving you money.

Put it this way, if you’re too busy chasing old invoices and unpaid debts, you aren’t doing other much more important things that could be making you money.

5. Debt Collectors Won’t Do Anything I Haven’t Already Done

Wrong.

Unless your accounts department is set up for debt recovery, we have resources and powers you don’t. From software that traces debtors, to state-of-the-art surveillance technology, to powers invested by law both here and abroad, we at Cobra are equipped to collect your debt properly.

If your client is ignoring you, sending a debt recovery agency to collect shows an entirely new level of seriousness.

Trust The Debt Recovery Experts

Established in 2009, our specialist team of private debt recovery agents are experts in their field.

With over 75 years’ worth of combined experience, we know that none of these myths stack up; we also know how to recover a debt properly.

If you are owed money and want to get it back quickly, take decisive action and instruct Cobra today on 0151 526 4222.

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