The fewer customers who end up in collections, the better!
When a customer has yet to pay you, it's important to take action to collect the debt.
You can either chase the debt yourself or seek help from a third party. If the debtor refuses to pay, third-party debt collection can be a helpful solution. Many people immediately think of seeking legal assistance and hiring a solicitor. However, there is another option available.
Through CoCredo's network of partners, we can assist with business debt collection on your behalf.
CoCredo partners with leading debt recovery firms to assist in reclaiming funds that rightfully belong to you. Our goal is to alleviate your organisation's burden of bad debt.
Businesses that neglect to pay their invoices usually ignore reminders and do not grasp the seriousness of their behaviour. We provide a formal and lawful document called a Letter Before Action (LBA) to combat this. This letter informs the debtor of the repercussions of non-payment.
Our competitive fixed rate makes this service accessible to you, and if you submit your request before 3pm, we can issue the LBA on the same day.
We offer a wealth of debt recovery solutions, including:
Streamline your cash flow and take the stress out of chasing overdue payments with our debt recovery service. Tackling one of the most frustrating challenges for finance teams has never been simpler.
Recovering unpaid customer debt doesn’t have to be costly or time-consuming.
CoCredo provides debt management and recovery solutions with accurate, up-to-date insights into why customers have fallen behind on payments.
This allows you to work proactively with them to recover debts while maintaining strong relationships and protecting your business reputation.
Over 20 years’ experience in business credit reporting. An award-winning team with a single point of contact that knows your company and helps with your credit report needs.
Our clients feel valued and that we are a part of their customer journey, reflected in our over 90% customer retention rate.
Transparent pricing with no automatic contract renewals. We will call you on your contract anniversary to chat through your options.
We are very competitively priced, with no hidden costs. All prices quoted are valid for 30 days.
Value-added solutions and software integrations with the latest software & CRM systems.
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