Credit Control

    The Credit Control function is imperative to any business that gives credit on their goods and/or services. Outsourcing your Credit Control will help to reduce costs, save time and most importantly improve your cash flow, which means strength and growth in your business.

Chasing outstanding invoices can be time consuming and stressful. By using Debtor Solutions you will be able to devote more time to the productive areas of your business. By outsourcing your Credit Control needs you can be assured you will be getting a professional service.

We appreciate that we will be dealing with your customers. Debtor Solutions will be persistent but not aggressive and will follow collection protocol. Debtor Solutions understand your needs and those of your customers and maintain that they are still your customers when a successful conclusion has been reached.


How we work

  • Debtor Solutions will make a courtesy call prior to your invoice becoming due to ensure your customer is in receipt of all invoices that have been billed to them. If any copies or statements are needed.
  • Any invoices that are due for payment. Debtor Solutions will pursue for payment from your customer by telephone, email or fax
  • A payment date and method of payment is obtained. We will report to you any payments you are expecting.
  • If an invoice is in dispute it will be dealt with as we have agreed and instructed by you.

We work on your behalf. All payments go directly to you, avoiding delays and maximising your cash flow.

 

Company Reports

Credit Management procedures in our current economic climate is crucial to any business. Debtor Solutions can provide you with the right information and reduce your risk to make more calculated decisions when setting credit terms and amount of credit to your present and future customers.

 

Types of Reports

Limited Company reports
Non Limited Company reports



Risk Assessment

Rating proposed Credit limit
Company tracked and the risk constantly evaluated for you



Monitoring

Any changes in your customer’s circumstances, we can inform you of changes such as;

County Court Judgements (CCJ) filed
Petitions
Winding up
Liquidators and Receivership
New Accounts Filed


Legal Action

Debtor Solutions will endeavour to obtain payment for your invoices in full. If any remain unpaid we will write to your debtor, recommending legal action. A letter from Debtor Solutions will make the recipient take notice and the seriousness of the matter if they do not comply.
Most businesses do not want legal action taken against them as the implication of a CCJ will not help them obtaining future credit.
If the debtor persists in non-payment we will, at your instruction, issue a 7 day demand letter from our partnering solicitors. Court proceedings will then begin at your instruction. Interest on the debt and costs will be claimed.

For details of debt recovery costs and fees please contact us.