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Debt Collection Now and Post-Covid

Nexa Collect

Performance of Collection Agencies during Covid-19 Pandemic. Economic downturns create a huge opportunity for the debt collection industry. A large number of creditors are stuck with unpaid invoices, and as their own efforts fail they tend to submit more accounts to collection agencies.

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UK Business insolvency rises by 18%

UK debt collections

The UK business insolvencies consisted of 256 compulsory liquidations , 1,889 creditors’ voluntary liquidations (CVLs), 146 administrations, 23 company voluntary arrangements (CVAs) and one receivership appointment. HMRC also desperately requires increased funding to streamline its financial debt recovery processes.

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How to Remove Professional Finance Company From Your Credit

Better Credit Blog

If you have been contacted by a company called Professional Finance Company, you are probably being pursued for an old unpaid debt. This can make for unpleasant interactions with creditors and constant harassment for payment. The debt collection process is not perfect. Hire a Professional.