Our Services
- - Debt Collection
- - Debt Purchase
- - Debt Insurance
- - Litigation
- - SSM Search
- - CTOS Search
- - Letters of demand
- - Full Legal Consultation Services
- - Property Transaction and Services
No Collection - No Commission
Debt Collection Partners offer a 'No Collection – No Commission ' debt collection solution to your slow and non-paying customers. At Debt Collection Partners we do not charge up front administration fees. A number of alternative companies found on the Internet will advertise a 'No Collection – No Commission’ service but immediately charge a one off life time fee. WE DO NOT DO THAT. We feel upfront fees take away the incentive for a debt collection agency to strive to collect the outstanding money. We pride ourselves in competitive rates of commission.
At Debt Collection we offer a true 'No Collection – No Commission’ service. In the event of us not recovering your money you have nothing to pay. Dependant on circumstances of each debt, costs could apply. (Please see our terms and conditions).
Advantages of choosing us
Are you getting the most out of your current debt collection agency? Like any industry it's hard to know what you should be getting as standard service. Put your agency to the test. Here are our TOP TEN must haves we think you deserve.
- Our One Stop Credit Solution;
- Start to finish debt recovery services;
- Single cases accepted;
- Free debt collection assistance and guidance on all accounts;
- One to one assistance with your collection operator;
- A panel of Solicitors to choose from;
- Complete transparency of progress via the web;
- Internet access available, so you can track your progress and/or include your instructions;
- Regular weekly comprehensive status reports are provided, which included detailing payments received;
- Commission is charged only on successful collections meaning, No Collection - No Commission is charged.
At Debt Collection we offer a true 'No Collection – No Commission’ service. In the event of us not recovering your money you have nothing to pay. Dependant on circumstances of each debt, costs could apply. (Please see our terms and conditions).
When is the best time?
When is the best time to give a collection agency debt(s) to collect? If your customer has repeatedly promised payment, ignored calls, or starts to make excuses about the account. Generally this is not a good sign.
Generally if your customers exceeds your credit terms and you have contacted them more than 3 times or if you have customer(s) over 90 days plus and have had no response or payment. If your customer(s) are refusing to pay your account and they have exceeded your credit terms - Act immediately. Debt collection industry experience has taught us "The faster the account is handed to a collection agency ... the better the result"!
Remember!!! “The longer you wait for your money the less chance of recovery. You only have six years to legally collect your accounts.”
Protect The Value Of Your Money
The longer you wait for your money the less chance of recovery.
Not only do your chances of collecting an account diminish with time, so does the real value of the money you collect.
Industry figures say that the collectable value of overdue accounts reduces to 67 cents in the money after 6 months past due, further reducing to 45 cents in the money after 1 year.
The value has been reduced by:
- Interest charges on your own overdraft to finance the sale;
- Extra administration costs to monitor the account;
- Opportunities lost from the extra profits that could have been made if you had the money;
Hidden costs of telephone calls, letters, your time, should all be added to the debt to reflect the true cost to your business.
Process Flow
