Our range of professional services includes (click a topic below to read more):
Credebt has worked on an extremely tedious ledger for us, regardless of this, they have worked their magic realising most of the ledger.
Credebt offers collection services to Insolvency Practitioners, Invoice Finance companies and Banks.
We ensure the Sales Ledger is collected quickly and professionally in an insolvency event.
The key to our success in this area is understanding the individual nature of the debt as well as showing sympathy for the debtors whilst highlighting the requirement to pay.
The main benefits of this service are:
- All of our insolvency collections are carried out on a no-collection-no-fee basis
- Our aim is for our usual collection cycle to take no more than 90 days from instruction and during this time we average a collection rate in excess
of 86%, although we regularly achieve higher than this figure – especially for Invoice Finance Ledgers
- Tiered commission structure to ensure that costs are kept low for the more manageable ledgers and incentivised for the more difficult collections
- Summary progress reports provided monthly, or on request, along with more detailed reporting for the more complex collections
- Our wide breadth of knowledge of relevant Insolvency Law, OFT rules, Consumer Credit legislation, Contract Law and appropriate commercial awareness to protect your position and reputation
- Reciprocation through our processes and reporting mechanisms to refer work back to our valued clients (see 'Lead Generation Reciprocator')
- We are proud that not only do we have a very high success rate but we have never had a ledger handed to us without us making a recovery
- We deal with ledgers at any stage, even prior to formal appointment, and we get results
- Our reports and processes have been designed specifically with compliance and ease of use in mind to ensure that all the required information is available in one place and updated regularly
Credebt's services are used by most of the UK’s leading Insolvency firms to aid collections in insolvent situations. Understanding these types of collections is paramount to achieving a successful recovery. Credebt has the ability to generate cash from any sales ledger and we are confident we can recover any debt.