3 Helpful Tips for Debt Collection No Win No Fee

On a daily basis we have enquiries regarding Debt Collection No Win No Fee and businesses ask what the catch is with this kind of service. Our simple reply to this type of question is always – there is no catch, you pay us when you get paid. It’s a win-win situation. It’s a no-brainer.

Its hard to believe, but Debt Collection No Win No Fee is exactly that. We do all the hard work for you: chasing, calling, sending letters, negotiating on the telephone, communicating bank details, dealing with any queiries, ensuring costs & interest are recovered, saving you time, money and hassle.

Here are top 3 reasons why businesses choose Debt Collection No Win No Fee for their business:

1. Protection – like an insurance policy, outsourcing debt collection on a success-only basis helps protect a company from losing the money all together. If you delay chasing payments, they become less chance of collection.

2. Time-saving – business-owners do not have time to collect invoices which are late. That is why when a debt passes the 60 day mark, many of our clients request us to collect on a debt collection No Win No Fee basis.

3. Cashflow – even-though business-owners know they may concede 5% in commission to the collection agency when considering Debt Collection No Win No Fee, the benefit in cashflow far outweighs that small loss. Debts left unchased can quickly go bad, and then you lose 100% of your money, as oppose to 95%

No Win No Fee Debt Collection - a step by step guide
So here you can see why debt collection no win no fee is a crucial process for a business in their monthly routines and you should consider this too.

If you would like to chat about how we can help you structure a debt collection procedure to boost your cashflow, please don’t hesitate to call us for FREE on 0800 160 1681 or email enquiries@tauruscollections.com