Many of our clients are unsure exactly what commercial debt is. Generally commercial debt is defined as a Limited company that owes money to another Limited company. This is different to consumer debt collection which is debt owed by an individual to a company.
Generally the time period for an invoice to become a commercial debt is technically 30 days, however most companies will wait until the invoice is at 60 to 90 days overdue before engaging the services of a debt collector. There are many commercial debt collection agencies out there, they engage in collection activities for their clients and in attempting to collect bad debts.
Collectas help business owners by using face to face debt collection, also known as doorstep debt collection. We mainly collect business to business debt where companies have not paid invoices owed to another company. The companies who we work for are everything from small businesses to huge companies, they all have one thing in common, they struggle to collect the money that they have worked for.
When companies have a business debtor, they look for a debt collector who can take the hassle out of debt recovery for the,. We are leading commercial debt collectors, engaging us means that you don’t have to worry about state laws or confusing legislation such as the debt collection practices act. You can simply sit back and wait for us to collect your debt in full.
So now you know what commercial debt is, you probably have just realised that you have some! So click below and instruct us to handle your case. All our work is on a no win no fee basis so you will not pay until we have recovered your commercial debt