What is debt purchase?
Despite the range of debt collection methods available to businesses, once a customer delays payment beyond agreed terms, there will occasionally be those that are just too difficult, time-consuming or costly to recover in-house.
For some businesses, debt purchase can be an alternative to writing off the debt. Debt purchase involves specialist debt purchase companies buying the debt from a business, providing the seller with a small portion of the overall invoice value and removing the burden of recovering the invoice from its credit control team.
However, debt purchase is typically only available for large invoice values, with the returns very small.
At Hilton-Baird Collection Services, as an award-winning and FCA-authorised commercial debt collection agency, we specialise in recovering overdue invoices on a success-only basis. With over 20 years’ experience, we excel at bringing successful resolutions to the most complex of cases, recovering money for our clients with the potential for far higher returns than would be possible by selling the debt.
To discuss our debt recovery services with our team, call us on 0800 9774848 or get an instant quote using the link below.
