The number of individuals and businesses failing under debt across the globe is at an all-time high nowadays. Debt is causing various negative effects on hundreds of businesses as they are suffering from many of their customers continuously not paying their outstanding amounts on time which is interfering with their business operations. A collection account negatively affects a debtor’s credit score for up to seven years, and debtors often decide to pay back their debts to avoid damage to their credit.
Hiring third party debt collection agencies has become one of the more efficient and effective ways to retain payment on outstanding accounts for many businesses. Debt recovery agencies will have experience in collecting unpaid debts, which only increases a company’s odds of collecting delinquent debts. This also allows company owners to maintain their primary focus on running their business, as a collection agency will take all the burden away. Collection agencies also pose a higher threat to debtors than an individual from the business would.
Peninsula Business Solutions (PBS) is an expert Debt Collection Agency . Our Debt Collectors dependably work to the highest of standards. As debt collectors, we are constantly aware of future client connections and are professionals by being fair, respectful, honest and law abiding with our clients debtors.
Being one of the leading debt recovery specialists in the world, PBS has attributed its success on the practices and structured approaches that it has created in order to act as an effective mediator to ensure that the end result will lead to a mutually agreeable resolution.
As each case is different, PBS begins by conducting extensive research in order to create the best specialised strategy for each client depending on their specific needs and circumstances. The route we take towards debt collection is tailored in a way that strives to achieve the greatest profitable return within the parameters set. We also focus on making sure our clients are kept up-to-date on our progression during key stages by providing them with detailed reports and feedback. This kind of commitment is what enables us to become the debt recovery agency that all firms can benefit from.
PBS is licensed by the UK Office of Fair Trading (OFT) and has being providing debt recovery services for the past 8 years and then moved to the UAE where it has not been operating for the past 5 years.