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info@fintechdebtcollection.com

CREDIT CONTROL SERVICES

Finding the time in a busy work schedule to chase clients for payment can be difficult. In a small-medium sized business there is usually enough invoices to keep a part time credit controller busy, but the cost of employing a member of staff to do this is usually too high for an SME to manage.
Credit control is an absolutely vital part of keeping your company’s cash flow in good condition, waiting to chase customers for payment until the invoice is weeks or even months overdue can lead to a lack of working capital impacting the business’s day to day functions.

Often the duties of a credit controller will be assigned to someone within the business who isn’t comfortable, or experienced in asking for money from sometimes difficult customers which can exacerbate the problem, but there is often the concern that outsourcing this aspect of the business could lead to a breakdown in the customer relationship.

We work in such a way that the relationship with your customer is maintained. Using a dedicated telephone number, your letterhead and stationary, when we contact the customer we do so as representatives of your company. The customer will see us as a department within your company which will help to maintain that all important customer relationship.

The cost associated with outsourcing your business’s credit control is far less than employing a specialist member of staff within the business to carry out the same work. We are set up to begin work as soon as we receive your ledger which will mean that your business will begin to benefit from improved cash flow very quickly.

FAQS ON CREDIT CONTROL

How do the charges work?

Our charges are typically based on the type and complexity of the debt, and we operate on a contingency fee basis, meaning we only charge a percentage of the amount successfully recovered.

Will you send Final Demands & Interest Letters?

Yes, we can send formal Final Demands and Interest Letters to debtors, urging them to settle their outstanding obligations promptly.

Can you charge interest on late payments?

Yes, we can apply interest on late payments in accordance with the terms outlined in the initial contract or as allowed by relevant legislation.

What happens if the customer refuses to pay?

If a customer refuses to pay, we may explore legal options, such as initiating legal proceedings or using other appropriate means to recover the debt.

Is it a ‘one size fits all’ service?

No, our services are tailored to the specific needs of each client, taking into account the unique circumstances of the debt and the debtor.

Forms of Payments

We offer an extensive range of payment methods making the payment of the outstanding debts as easy as the possible (for your debtors) thus removing any obstacles to you receiving outstanding monies.

 

CASH | CHEQUES | CREDIT/DEBIT CARDS | BANKERS DRAFTS | BACS AND CHAPS

CONTACT US

NO UP-FRONT COSTS, NO SET-UP FEES – YOU PAY WHEN WE RECOVER.
020 3034 1391
info@fintechdebtcollection.com