Before you choose a collections agency to work with you need to consider the important factors and ensure they have the right record, reputation and license to operate. Here we explore the ultimate checklist to follow when choosing a collections agency. If you are seeking help with commercial debt recovery, get in touch with Cobra Financial Solutions today- with nearly 10 years of experience in the debt collection industry, we are here to help.

1. They meet the licensing requirements and are properly certified

First and foremost, it is important that you check the debt collector is licensed, certified and legally allowed to operate in collections. Here at Cobra Financial Solutions, we are an FCA approved company (Financial Conduct Approved) company number 638082. (click here)

2. They are fully insured.

You should expect a minimum of £1,000,000 of professional indemnity insurance just in case something goes wrong. Fingers crossed nothing like this will happen, but for peace of mind, it’s important to choose a debt collection agency which is fully insured.

3. They have good references

You should also ask to see references from previous arrangements that they have held. You should look for solid, reputable and verifiable references that can assure you they are capable of completing collection jobs professionally. Here at Cobra Financial Solutions, we have a wealth of happy customers! Take a look at some of our testimonials and referrals– the results speak for themselves!

4. They follow policy and guidelines for correct collections practices

It is important that the debt collectors do their collections by the book. While it is not your company carrying out collections, it is your company that will be tarred with the same brush as the collections agency. Read more about our Privacy Policy and feel free to get in touch to find out more about our full range of debt collection services across the UK.

While this list isn’t exhaustive, if you complete this checklist before using a collection agency you’ll be able to enjoy a better service and a higher rate of recovery.

If you are looking for a professional, persistent and reliable debt collection agency, look no further than Cobra Financial Solutions. Call now on:

Northern: 0151 526 4222
London:
 0203 011 5210
Midlands: 01564 628 638
Wales: 0292 111 3210