We are a Debt Collection Agency covering Leeds and Bradford and we help commercial businesses in the Leeds area collect debts – We specialise as a Debt Collection Agency Leeds with our friendly and professional team help to reduce your debtor days and improve cash-flow.

Our Collection Agents have 15 + years of regional Debt Collection Agency Leeds and debt recovery experience. We can save your business time and save you money.

As trusted local professionals, look no further for a Debt Collection Agency Leeds – No Win No Fee

Taurus acts as a debt collection agency Leeds to a multitude of clients in the area, enabling them to become more cash efficient and maintain a more robust set of accounts. Poor cash flow can cause enormous pressure on business resources. Effective credit management removes the strain of non-paying customers, and allows you to focus on the positive aspects of running your company.

Years of experience as Debt Collection Agency Leeds – No Win No Fee

Here at Taurus we have years of experience supporting clients with debt collection agency Leeds, Bradford and all areas of the region. Our goal is to give you peace of mind when it comes to cashflow, and provide you with the reassurance that we will always try our very best to collect 100% of your debt. We have had a lot of practice dealing with local company cashflow issues over the years and can often find a tailored-made solution for businesses across any industry in the local area.

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Specialists as Debt Collection Agency Leeds – No Win No Fee

  • We have 15+ years experience assisting small and medium companies to large industrial giants, our expertise is wide-ranging.
  • From telecommunications, printing & design and construction, right through to providing business finance solutions for the recruitment, manufacturing and engineering industries.
  • Give us a call on 01332 565 350, make an online enquiry or email
    enquiries@tauruscollections.com
    to find out how we can help your company collect debts quickly!
  • Services we provide for our clients accross the country:
    Debt collection, debt recovery, outsourced credit control, collection of debt, commercial debt recovery, pre-legal services, Debt Collection Agency Leeds – No Win No Fee, business finance, insolvency, cashflow solutions, invoice factoring, statutory demands.

Debt Collection Agency Leeds: Your Trusted Partner in Debt Recovery

In the vibrant city of Leeds, where commerce and trade thrive, businesses often find themselves dealing with unpaid debts. These financial challenges can hinder growth and disrupt the financial stability of enterprises, both large and small. When it comes to debt recovery in Leeds or Bradford, turning to a reputable debt collection agency is often the best course of action.

Why Choose a Debt Collection Agency in Leeds?

1. Local Knowledge and Expertise:

  • A debt collection agency situated in Leeds brings invaluable local knowledge and expertise to the table. Understanding the intricacies of the Leeds business landscape and the legal framework in the area is crucial for navigating debt collection effectively.

2. Personalised Approach:

  • Local agencies prioritise personalised and empathetic approaches. They recognise that maintaining business relationships within the community is essential, and their strategies reflect this understanding.

3. Legal Compliance:

  • Leeds debt collection agencies are well-versed in the legal regulations governing debt recovery in the area. They ensure that all debt collection efforts are conducted in compliance with the law, minimising risks for their clients.

4. Efficient Communication:

  • Effective communication is the cornerstone of successful debt recovery. Local agencies are adept at communicating with debtors in a professional and efficient manner, ensuring that negotiations are productive.

The Debt Collection Process

1. Initial Assessment:

  • The first step in the debt collection process will be for your selected agency to evaluate your outstanding obligations. This entails compiling all pertinent data, such as the debtor’s personal information, the outstanding balance, and the debt’s past.

2. Contacting Debtors:

  • Following the completion of the assessment, the agency will get in touch with the debtors. They will get in touch with debtors by phone calls, emails, and letters, among other means, in order to start talks and obtain payment.

3. Negotiation and Resolution:

  • The debt collection agency will negotiate with debtors to agree on a repayment plan or settlement. They work to find mutually agreeable solutions that align with the debtor’s financial situation while ensuring the creditor’s interests are protected.

4. Legal Action (if necessary):

  • The agency may suggest taking legal action if debtors are refusing or do not comply with the terms of the agreement. In order to help their clients navigate the litigation process, they will collaborate with solicitors to evaluate the likelihood of success in court.

5. Recovery and Reporting:

  • As debts are recovered, the agency ensures that the collected funds are promptly delivered to their clients. They provide detailed reports and transparent updates throughout the process.

The Benefits of Local Debt Collection

By choosing our debt collection agency Leeds team, you can expect several advantages:

– Faster Debt Recovery: Local agencies have a deeper understanding of the community and can often recover debts more quickly.

– Personalised Service: You can expect a personalised and empathetic approach tailored to your specific needs.

– Legal Expertise: Local agencies are well-versed in Leeds’s legal landscape, ensuring legal compliance and minimising risks.

In Conclusion

Dealing with unpaid debts in Leeds or Bradford requires a local perspective and expertise. A reputable debt collection agency in Leeds can provide the insight, experience, and personalised approach needed for effective debt recovery. Don’t let unpaid debts hinder your business’s growth and financial stability. Partner with a trusted local debt collection agency in Leeds, and regain control of your finances.

Frequently Asked Questions

Yes, we can often negotiate a settlement on your behalf, you will be informed of any offer of settlement and you can then decide to accept or reject any offer.Yes, we can often negotiate a settlement on your behalf, you will be informed of any offer of settlement and you can then decide to accept or reject any offer.

We both do. If Taurus Collections Leeds fail to recover the debt with our initial chasing procedures we will normally recommend follow-up litigation action through our Solicitors. We will never commence any legal proceedings without discussions with you, the client, and you will always be kept informed. However, we are not obliged to take legal action to recover the debt and may decline to take the matter further if we think we cannot be of any further help. You may decide to “Write it off”, or transfer the case to the high court, or use your own solicitor.

Yes. We work with specialised law firms which issue proceedings on our behalf, keeping costs to a minimum.

As soon as we are instructed we contact debtors directly. Sometimes this is all that is needed to spur them into settling their debt, as they understand that we are determined to recover payment. If the debtor decides to pay you directly it is no problem, we will send you an invoice for commission.

If your debt is Business to Business (B2B) simply provide us with an invoice or proof of delivery in PDF format. This can be submitted via the website or by emailing info@tauruscollections.com

We work closely with specialised law firms which operate in debt recovery. If your debt is disputed we can ensure you receive the maximum amount recoverable.

There may be some recoverable costs, such as interest and compensation in accordance with the Late Payment of Commercial Debts (Interest) Act 1998. The compensation entitlement varies in accordance with the size of the debt:
Sum to be paid to the creditor
Up to £999.99 £40
£1,000.00 to £9,999.99 £70
£10,000.00 or more £100
Interest is recoverable at 8% above the Bank of England base rate.

Simply fill in the “submit a debt” form on our website and we will do the rest. Its that quick and easy!

We contact your debtor by all means possible, in persistent and firm, structured and polite methods via: letters, emails, fax and telephone calls. Our aim is to work with your debtor to collect what is rightfully owed to you by firstly obtaining an admission of the debt, and then working on your behalf to negotiate full repayment of the debt. The results of tenacity and persistence in contacting your debtor by a third party collector, such as Taurus, can be quite remarkable.

Our success depends on each individual case but we often enjoy up to 85 per cent success rates.

Many Leeds debtors will pay up within 7 days of receiving just one letter from us. In other cases, we like to give our clients some positive news within 28 days.

We simply take a % of the debt collected, which ranges from 3-10%. We have a minimum fee of debts up to £500 of £50. Any legal action through the courts is undertaken by our affiliated Solicitors, who are experts in recovering the maximum amount possible in the court room, and this may involve upfront fees. All fees are recoverable in your claim however, and we do not instruct County Court proceedings until approved by you, the client.

No. We offer a No Collection ~ No Commission service, which means we only get paid when you get paid.

Our no win no fee personal debt recovery service in Leeds means that you pay only debt collection fees by a % commission on whatever balance is collected. By offering success-based collections, there is no risk involved in your business debt collection. So there are no fees up front. In many cases, we can also recover the fees and interest associated, bringing you back to a true zero cost.

Debt collectors have the same legal powers as the creditor they are representing. Therefore, they can chase you for outstanding debts, add interest and costs or additional charges – so you may end up paying even more. They can also visit you at your home, take money from connected accounts, use the courts or solicitors to obtain payment and help creditors claim what is owed to them.

Debt collectors can set their own fees and charges. Typically it might be as low as £75 for a small claim, or it can be a % of the total amount recovered. We offer a no win no fee debt collection service – contact us to find out more

Absolutely it is worth using a debt collection agency. Often the service can work as a free service because Costs & Interest can be added on top of the debt, which is rightfully owed. It is also a “No-Risk” service, because when a debt collection service is No Win – No Fee, it means exactly that: you only pay a fee to the debt collection agency once you receive payment from the debtor.

Debt collection is a regulated activity that takes place when a creditor has engaged an external company to recover payments that are past due. You’ll probably have to pay the debt if you’ve signed a contract to say you agree to give money to someone. This could be something like a credit agreement, for example if you’ve bought a washing machine or taken out a credit card or signed a contract in any way. If you’re responsible for a debt it’s called ‘being liable’. It means you’ll have a legal duty to pay it.

If you owe money and you refuse to pay, your creditor could take you to court. If you are contacted by a debt collector in the UK, you should respond as soon as possible, and certainly within 2 weeks. If you dispute their claim, you should also mention this.

If you have a question about debt collection not answered here, please contact us directly and we will be happy to help